OANDA:AUDJPY   Australian Dollar / Japanese Yen
From the open to Sydney session to the close of New York we saw a large downward movement. The movement was strong and convincing that it would breach through the support level . However within the last hours of London and New York we can see the strength of this support level . The strong downward movement in now a bullish candle showing a large rejection wick. A good sign for buyers to take positions and ride price upward.
Trade active: Opened my buy limit position in accordance with price points plotted on my chart.
Comment: As expected, price retraced back down hitting the entry point, right before heading back into bullish motion.
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