AUDJPY - Bullish
It has made a series of HL and HH, forming a bullish trend. A recent HL is also created below the 0.382 fibs at 0.5 fibs. The current price is around 0.382 fibs, hence we are taking an entry at market price with SL just below the last LH and TP1 & 2 set at 1:1 and 2:1 R/R ratio respectively. Also, no RSI divergence is detected, further confirming the continuation of the trend.
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.