Potential Buy Setup on AUDJPY
We have a similar buy setup on AudJpy like the one we did on AudUsd. Price has a long-term bullish sentiment, but is currently retracing back to a Significant Weekly Level before possibly finding support to drive price back towards the upside for a bullish continuation.
If we have a break and retest of the current Daily Resistance Level, I'll be waiting for price to show bullish rejection before looking to place any buy orders. Just waiting for the buyers to show themselves.
If we have a break and retest of the current Daily Resistance Level, I'll be waiting for price to show bullish rejection before looking to place any buy orders. Just waiting for the buyers to show themselves.
Penafian
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