DaneelDouglas

Long for AUDJPY

Long
DaneelDouglas Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Taking correlation into account i found this setup to be a very powerful one. First we found an area of support and resistance on the daily. we zoomed into the the 4 hour for out entry and found an area of confluence where a trendline lined up well without area that we are looking to trade off of. GBPJPY is also in a are where it too is are a place making this a great place of value to buy.
Trade closed: target reached:
Profit taken.
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