AUDJPY – Trade the Range… Until It Ends

昨天

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈AUDJPY has been trading within a big range marked in red.

Moreover, the it is retesting the lower bound of its rising channel marked in blue.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support.

📚 As per my trading style:
As #AUDJPY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

昨天

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