AUDJPY H12 Trade Idea
AUDJPY nearing a strong supply zone identified in the following chart. I am placing my entry 5 pips below the proximal in case they wick up and then go back down. The first target is in a demand zone with a wick behind the wall. The second target is also based on a wick behind a wall. I expect this trade to kick off on Tuesday based on the ATR but let's see what Brexit discussions do to all the pairs this week. I am staying out of all the GBP pairs this week. Volatility is good but only when it is backed by technical analysis.
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