AUDJPY
Trade Setup for AUD/JPY (1H Chart)
Structure:
The chart shows a clear bullish bias with a rising trendline acting as dynamic support. Price has recently tested the trendline and rebounded from a key support zone (highlighted in gray), suggesting a potential continuation to the upside.
Key Observations:
Support Zone: The price is respecting the 97.000 psychological level (gray area) as support.
Trendline Bounce: The trendline aligns with the support zone, providing confluence for a long position.
Structure:
The chart shows a clear bullish bias with a rising trendline acting as dynamic support. Price has recently tested the trendline and rebounded from a key support zone (highlighted in gray), suggesting a potential continuation to the upside.
Key Observations:
Support Zone: The price is respecting the 97.000 psychological level (gray area) as support.
Trendline Bounce: The trendline aligns with the support zone, providing confluence for a long position.
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.