AUDJPY looking up to Supply Zone of week then down for 1300 PIPS
Updated
AUDJPY is in Down Trend in Week Timeframe.
We can wait for the price reaches to the price range (73.165 - 74.442), this is the confluence between the trendline and supply zone of the week
and put the short position when having the sell signal in the smaller timeframes like d1, h4 and hold for a long time.
I will update the open position at that time.
We can wait for the price reaches to the price range (73.165 - 74.442), this is the confluence between the trendline and supply zone of the week
and put the short position when having the sell signal in the smaller timeframes like d1, h4 and hold for a long time.
I will update the open position at that time.
Note
Although the price is looking up more to test the supply zone, we should not buy now for the short term, the better is wait to price test the supply zone and put a short position to optimize the Risk/Reward ratio.
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