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HayatoDragonFX

AUDJPY, 4hr tf, buy strong resistance breakout

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
HayatoDragonFX  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Support and Resistance Supply and Demand AUDJPY audjpylong audjpybuy priceaction priceactiontrading priceactionanalysis
4
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trendanalysis supportandresistance supplyanddemand audjpy audjpylong audjpybuy priceaction priceactiontrading priceactionanalysis
Hello my friends,

For today we are going to buy AUDJPY pairs.

This 76.95 has acted as strong support and resistance previously.
Today we finally see price closd above it with an engulfin candle as well.
Because price took down 76.95 as resistance, then it will now become a support and i believe it is going to be a strong support

We could see AUDJPY continue north to 77.70 area.
This is a 3R setup trade so it is worth to take in my opinion.

Buy AUDJPY 76.95
Stop loss 76.70
Take profit 77.70 (3R)

RR ratio 1 : 3
Use only 1-2% risk
Good luck
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