Lingrid | AUDJPY in CONSOLIDATION zone. Potential SHORT
Updated
The price perfectly fulfilled my last idea. It reached the target zone. 
AUDJPY has broken and closed above the channel, but the overall market trend remains sideways. The price is approaching a level where it tanked from this resistance, indicating that bears may be active in this zone. If the price rejects the resistance and upward trendline, we can expect price to fall again. Given the current sideways movement, I expect the market to potentially bounce off the top of the range and subsequently move toward the channel border. My goal is support zone around 100.750
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDJPY has broken and closed above the channel, but the overall market trend remains sideways. The price is approaching a level where it tanked from this resistance, indicating that bears may be active in this zone. If the price rejects the resistance and upward trendline, we can expect price to fall again. Given the current sideways movement, I expect the market to potentially bounce off the top of the range and subsequently move toward the channel border. My goal is support zone around 100.750Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade closed: target reached
Target REACHED!
+97 pips!
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