AUDJPY has recently provided us with a daily correction since its bearish impulse, the corrective move is currently about to test our area of confluence, with the 0.50 fibonacci and the horizontal 4H supply zone, we will be monitoring price action from a LTF perspective to see if the market will satisfy our entry rules BEFORE we can potentially look at capitalising on the continuation to the downside
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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.