AUDJPY has been moving nicely in a channel since September. Price is currently reaching a weekly supply zone. After drawing the Fibs from the top peak to the retracement area, price looks as if it is headed to the 78.6 area before it decides to turn. I will be looking to take a short either at the 78.6 or 76.125 QP where there are a lot of rejections and a key importance level when you look left. I also See a wick in the 73.768 area which indicates liquidity and a low that needs to be taken out. Key areas I will be looking to TP is the top of each zone as well as the -27 and -67 by the order blocks that are highlighted in purple.
1st TP - 75.124 (70 Pips)
2nd TP - 73.936 (194 Pips)
3rd TP - 73.021 (285 Pips)
4th TP - 71.915 (400 Pips)
1st TP - 75.124 (70 Pips)
2nd TP - 73.936 (194 Pips)
3rd TP - 73.021 (285 Pips)
4th TP - 71.915 (400 Pips)
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