AUDJPY pair has given a breakout above it's major resistance.
Now 2 scenarios can play out here:
1) It will either re-test 85.80-86 zone and that's where you long.
2) It will go to 89 straight from here.
Take long positions according to your risk appetite.
Stoploss: Daily closing below 85.7
Now 2 scenarios can play out here:
1) It will either re-test 85.80-86 zone and that's where you long.
2) It will go to 89 straight from here.
Take long positions according to your risk appetite.
Stoploss: Daily closing below 85.7
Trade closed: target reached