AUDJPY 15-19 [NOV] - Strong long opportunity?
Here we are still seeing lots of imbalance on the H1 chart to be filled. Secondly, VPSV is in a P-Shape which is a good signal for bulls. TDI also crossed under the BB and re-enters earlier on the H4 chart before the PA ranged for a bit. Now having formed an Ascending Triangle, PA looks to favour the buyers for a breakout. I have further noted on the Currency Strength indicator that AUD is second strongest on daily and JPY is second weakest.
Trade closed: target reached
Closed 20 pip long target
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.