Analysis of #AUDJPY
Hi traders, today we will have a look at #AUDJPY
As you probably know that all AUDJPY is very strong today due to strong fundamental news overnight,
Looking at the chart you can see in the market is going up to test the daily structural resistance zone near 93.00, previously when the market was here at this level it dropped substantially
We can expect the market to show a bearish reaction if it comes inside this zone again.
If the market comes and tests my supply zone, we can drop to the lower time frame and look for the reversal patterns and confirmation we are turning bearish before selling the market targeting the next level of support
IMPORTANT: The Aussie momentum is to the upside after the CPI news, wait for confirmation before entry
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #AUDJPY
As you probably know that all AUDJPY is very strong today due to strong fundamental news overnight,
Looking at the chart you can see in the market is going up to test the daily structural resistance zone near 93.00, previously when the market was here at this level it dropped substantially
We can expect the market to show a bearish reaction if it comes inside this zone again.
If the market comes and tests my supply zone, we can drop to the lower time frame and look for the reversal patterns and confirmation we are turning bearish before selling the market targeting the next level of support
IMPORTANT: The Aussie momentum is to the upside after the CPI news, wait for confirmation before entry
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
