AUDJPY Technical Analysis and Trade Idea
Upon analyzing AUDJPY, a robust bullish trend emerges, particularly when examining the daily and 4-hour charts. Notably, we’ve identified bullish price action—a clear breach in market structure on the 1D and 4H timeframes. However, it’s essential to acknowledge that this breakout might lead to a short-term bearish correction before the overall bullish trend resumes.
Trade Idea: Given the prevailing bullish bias, we seek buying opportunities near key support levels. A pullback toward the 61.8% Fibonacci retracement level could present an attractive entry point.
Remember that this analysis is for educational purposes only. Always conduct thorough due diligence and adhere to risk management principles when implementing any trade ideas. 📈💡
Trade Idea: Given the prevailing bullish bias, we seek buying opportunities near key support levels. A pullback toward the 61.8% Fibonacci retracement level could present an attractive entry point.
Remember that this analysis is for educational purposes only. Always conduct thorough due diligence and adhere to risk management principles when implementing any trade ideas. 📈💡
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