澳元/日圓看多
AUDJPY - Looking for longs (just an idea - longer timeframe)
There is a lot in play here and its not the cleanest of charts so apologies for that
A shorter term bullish trend line has emerged which broke through a solid Resistance area (Area 1)
With this bullish trend, price looks to be attempting to close above a longer term downward trend.
We are looking for a few solid 4hr closes above the longer standing downward trendline (KEY AREA - AREA 2), this will then validate a long position with a target of 79.350 (+130ish pips)
We also have a 20/50 EMA crossover + Price trading above 100 EMA
A shorter term bullish trend line has emerged which broke through a solid Resistance area (Area 1)
With this bullish trend, price looks to be attempting to close above a longer term downward trend.
We are looking for a few solid 4hr closes above the longer standing downward trendline (KEY AREA - AREA 2), this will then validate a long position with a target of 79.350 (+130ish pips)
We also have a 20/50 EMA crossover + Price trading above 100 EMA
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