Short

AUDJPY ANALYSIS

Updated

Hello Traders.

NOTE: MARKET IS REACTIVE AND NOT PREDICTIVE

ON A DAILY TIMEFRAME THE MARKET IS BULLISH AND IN A STRONG UPTREND

MARKET HAS CREATED A "W" FORMATION.

PRICE IS AT A RESISTANCE ZONE AND SHOULD RETEST THE RESISTANCE NOW TURNED SUPPORT ZONE TO MAKE A LOWER HIGH AND COMPLETE THE CORRECTION TO THE NECKLINE OF THE "W" FORMATION.

I AM ADDING THIS AFTER A FEW MINUTES TO THE OPEN OF ASIAN MARKET
*PRICE HAS PICKED MOMENTUM AND LOOKING TO PUSH FURTHER UP* I HOPE I AM ABLE TO HELP.

REMEMBER TO ALWAYS REACT ACCORDINGLY TO SITUATIONS AND BE PATIENT.

LIKE, SHARE AND DROP A COMMENT. THANKS FOR READING.

MONITOR PRICE ACTION FROM LOWER TIMEFRAMES FOR SUITABLE ENTRIES.
-TEMPLATE CHANGE-

Trade active

Price has dropped as expected to the support zone.

Keep tabs with this pair

Note

Trading tip:
Start buying positions when price drops into the zone

Note

Going as expected

Trade closed: target reached

Kelachi

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