AUDJPY Long Idea
Higher timeframes are all very bearish except the daily. On the daily timeframe we can see that AJ has been in a bullish trend since October much like AU
We recently saw a fake out which formed the last higher low and price action has maintained this daily channel
Now we are looking for a retest of broken resistance around 75.200 followed by some strong bullish setups. We’re looking to target toward our monthly resistance around 77.000
Higher timeframes are all very bearish except the daily. On the daily timeframe we can see that AJ has been in a bullish trend since October much like AU
We recently saw a fake out which formed the last higher low and price action has maintained this daily channel
Now we are looking for a retest of broken resistance around 75.200 followed by some strong bullish setups. We’re looking to target toward our monthly resistance around 77.000
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