Get started
MEX_Exchange

AUDJPY remain bullish for a bounce

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
MEX_Exchange  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpyshort audjpylong audjpysell audjpydaily Forex forextrading
107
2
trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpyshort audjpylong audjpysell audjpydaily forex forextrading
Buy above 87.92. Stop loss at 87.20. Take profit at 88.85.
Reason for the trading strategy (technically):
Price continues to test our buying area and is starting to bounce nicely. We remain bullish looking to buy above 87.92 support (Fibonacci retracement, horizontal overlap support, bullish exit) for a push up to at least 88.85 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing nice support above 5% and has good upside potential.
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.