AUD/JPY NICE RISK TO REWARD FOR LONG SETUP
TOP DOWN ANALYSIS
WEEKLY TIMEFRAME
There is 2 key level to pay attention at!!.weekly support level-74.900 at which the price is currently trading at. resistance level 78.500 at which we want price action to break for a continuation for upside
Daily Timeframe
we see market in an uptrend.also breaking the inner counter-trendline. moving to the outer counter- trendline. nice bounce of upward trendline and
H4 and H1 timeframe
We see price is respecting the 61.8% fib level and support level of previous higher low!
target 77.000
WEEKLY TIMEFRAME
There is 2 key level to pay attention at!!.weekly support level-74.900 at which the price is currently trading at. resistance level 78.500 at which we want price action to break for a continuation for upside
Daily Timeframe
we see market in an uptrend.also breaking the inner counter-trendline. moving to the outer counter- trendline. nice bounce of upward trendline and
H4 and H1 timeframe
We see price is respecting the 61.8% fib level and support level of previous higher low!
target 77.000
Penafian
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