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Aussie Yen Long
The Aussie Yen presents an opportunity to go long against 3 supporting elements just above 75.00 on the intraday chart
1. The channel support
2. Horizontal resistance turned support
3. 200 period MAV
1. Enter long - around 75.05
2. Stop - below 74.00 ( recent swing low)
3. Target - 78.50 ( .618 extension)
4. RR = 3
1. The channel support
2. Horizontal resistance turned support
3. 200 period MAV
1. Enter long - around 75.05
2. Stop - below 74.00 ( recent swing low)
3. Target - 78.50 ( .618 extension)
4. RR = 3
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