AUDJPY on daily showing strong bullish momentum with EMA's crossed over confirming buyers coming into the market with a resistance turned into support broken as well as the trendline. On our H4 execution timeframe we are seeing a pullback to the broken daily trendline and H4 support zone which will set us up for long positions once the trendline and support have been retested and rejected.
Trade active:
Adjusted trendline and entry after the formation of the bullish harami.
Trade active:
Adjusted SL to give the market room to move
Trade closed: stop reached