chart shows a Long setup on AUD/JPY based on multi-timeframe

This chart shows a **buy setup on AUD/JPY** based on multi-timeframe bullish confluence and a key structure level. Here's a breakdown of the idea:

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### 🟢 **Trade Type:** Buy

### 📈 Pair: AUD/JPY (1H Chart)

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### ✅ **Technical Confluences:**

* **Trend Bias:**

* **Weekly (W): Bullish**
* **Daily (D): Bullish**
* **12H: Bullish**

* **Structure:**

* Price retraced into a **Weekly Area of Interest (AOI)** marked in blue and red zone.
* It bounced off the lower trendline of the ascending channel.
* Price is currently forming higher lows near the support of the AOI.

* **Indicators:**

* The **50 EMA (blue)** and **200 EMA (red)** are holding as dynamic support, especially the 200 EMA just below current price.
* EMAs show bullish alignment (short-term EMA above long-term EMA).

* **Candle Action:**

* Price rejected the AOI and is trying to push higher.
* The bullish engulfing near the EMA zone confirms buy interest.

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### 🟦 **Entry Zone:**

* Around **94.70–94.72**, aligned with the Weekly AOI and just above 200 EMA.

### 📍 Stop Loss:

* Below the red support zone, around **94.50–94.53**, under 200 EMA and key rejection wick.

### 🎯 Take Profit:

* Around **95.30–95.32**, targeting the previous swing high for a favorable risk-reward ratio.

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### 📊 Summary:

This is a bullish continuation trade, buying from a retracement into a strong support zone with higher timeframe bullish structure and clear confirmation through price action and EMA alignment.