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iamarielle_868
Nov 16, 2020 2:00 PM

AUDJPY, at 4H trend line. 

Australian Dollar/Japanese YenFXCM

Description

AUDJPY has a similar set up to AUDUSD. It is currently approaching an area which could turn into a hit to this 4H trend line. Drop to a lower time frame in order to see if a reversal pattern forms. Once price respects this line without completely breaking through it we can look for sells. However, if price breaks through the trend line and closes above it, we no longer look for sells and can wait for a retest before looking for buys.
Comments
Dave-FX-Hunter
my idea
FXCM
Hey, nice idea! Here's my view on AUDJPY as well.

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