Happy Weekend! However, the grind never stops.
This is a good R/R trade, depends on how you trade the idea and your plan but it is best you stick to your trade plan.
Technical view: AUDJPY - Daily
Support: 82.955, 82.405, 82.110, 81.200
Resistance: 84.180, 84.444, 84.865, 85.415
Pattern: Wedge - Double top
How to trade this idea:
For further confirmation that may suit your plan is see the break out of wedge or candle close on key support areas of 82,110 areas, then trade the pull back towards the next support areas which may match Fib Retracement area. (A break below 50 EMA)
If you're interested in FX weekly: Week ahead review on various instruments, comment or message privately.
Have a great week ahead.
Mind Capital
Just trade ideas, not recommendations
This is a good R/R trade, depends on how you trade the idea and your plan but it is best you stick to your trade plan.
Technical view: AUDJPY - Daily
Support: 82.955, 82.405, 82.110, 81.200
Resistance: 84.180, 84.444, 84.865, 85.415
Pattern: Wedge - Double top
How to trade this idea:
For further confirmation that may suit your plan is see the break out of wedge or candle close on key support areas of 82,110 areas, then trade the pull back towards the next support areas which may match Fib Retracement area. (A break below 50 EMA)
If you're interested in FX weekly: Week ahead review on various instruments, comment or message privately.
Have a great week ahead.
Mind Capital
Just trade ideas, not recommendations
Note
Key Resistance zoneNote
FOMC -
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.
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.