AUDJPY : Bullish trade setup
Updated
M & W charts for AUDJPY are bullish.
Daily chart just rejected from a Daily bullish Order block and created a 4H mitigation in the process.
Trade idea - as price comes back to the 4H mitigation block, watch for any form of price rejection and then trade along.
Confluences for the 4H mitigation+ block
- in 50% discount area for the range
- 4H mitigation+ is inside 1D OB+
- Has clear upside liquidity targets
Daily chart just rejected from a Daily bullish Order block and created a 4H mitigation in the process.
Trade idea - as price comes back to the 4H mitigation block, watch for any form of price rejection and then trade along.
Confluences for the 4H mitigation+ block
- in 50% discount area for the range
- 4H mitigation+ is inside 1D OB+
- Has clear upside liquidity targets
Note
Monthly chart Note
Monthly + Weekly chartNote
Monthly + Weekly + Daily chartNote
Detailed Daily + 4H chartTrade active
Trade is activeTrade closed: target reached
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