moneymaking

AUDJPY: Structure based trade (Daily)

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
We currently have RSI divergence on Daily and 1 hour chart. Market is in a good support zone. Good risk to reward ratio. We also have some fib. ratio confluence between 88.6 and 127.2

This might be a counter-trend trade, since the overall trend is still bearish.

Trade safe and Good Luck!!

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.