Weekly Long Investment in AUDJPY
Updated
Fundamentals:
Unclear
Technicals:
Clear stage 2 pattern after a breakout and retracement
38% fib supprt
Horizontal support
multiple candles rejecting support area
price breaching tenkan
Price in upper range of Quarterly inside bar of Q3 2023. If breached this quarter, then price will more higher.
1st pullback of a new uptrend.
Weekly and monthly kijun starting to slope upward and weekly bands starting to signal and upshift although the daily is in consolidation.
Note:
I expect price to stop consolidating by December 2023 and reach a higher level.
Unclear
Technicals:
Clear stage 2 pattern after a breakout and retracement
38% fib supprt
Horizontal support
multiple candles rejecting support area
price breaching tenkan
Price in upper range of Quarterly inside bar of Q3 2023. If breached this quarter, then price will more higher.
1st pullback of a new uptrend.
Weekly and monthly kijun starting to slope upward and weekly bands starting to signal and upshift although the daily is in consolidation.
Note:
I expect price to stop consolidating by December 2023 and reach a higher level.
Trade active
Trade active
moved stop loss to break-even
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