AUDJPY Long idea
All significant timeframes are very bullish and we are looking to continue with this trend.
Recently price action broke out of consolidation around the 75.00 area and is now retesting the broken zone as support.
We are looking for a higher low and lower timeframe confirmation to support the idea of a bullish push. (The blue trade path)
For us to consider short opportunities we want to see a break of our major support zone at 75.00 followed by a confirmed lower high. (The orange trade path)
All significant timeframes are very bullish and we are looking to continue with this trend.
Recently price action broke out of consolidation around the 75.00 area and is now retesting the broken zone as support.
We are looking for a higher low and lower timeframe confirmation to support the idea of a bullish push. (The blue trade path)
For us to consider short opportunities we want to see a break of our major support zone at 75.00 followed by a confirmed lower high. (The orange trade path)