AUDJPY AROUND A STRONG ZONE!
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON AUDJPY.
As we can see price is still overall bullish trading inside this rising broadening wedge pattern
However, price is approaching our lower rising trendline lining up with previous major highs broken upward.
Where we will be looking for new longs as a Trend-following
Meanwhile, for the bulls to kick in we need a break above the marked swing high from H1 Time frame, then a movement higher would be expected.
And as usual 1-2 Risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON AUDJPY.
As we can see price is still overall bullish trading inside this rising broadening wedge pattern
However, price is approaching our lower rising trendline lining up with previous major highs broken upward.
Where we will be looking for new longs as a Trend-following
Meanwhile, for the bulls to kick in we need a break above the marked swing high from H1 Time frame, then a movement higher would be expected.
And as usual 1-2 Risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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