OANDA:AUDJPY   Australian Dollar / Japanese Yen
Anticipation of how the market would react, if the market breaks our horizontal resistance we will look for buying opportunities and if the market comes back and breaks our up trending channel, giving us a signal of a trend change we will wait for a retest on the horizontal support that will turn into resistance to confirm that an uptrend has ended and we will now be looking for selling opportunities.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.