AUDJPY, wait for pullback.
Price is in an uptrend on the 4H time frame forming higher lows and higher highs. Price could either decide to pullback to the support and resistance zone before continuing to buy OR it could pullback to the trend line for a 3rd hit before continuing with this uptrend. Drop to a lower time frame for a better entry if this setup plays out. Happy trading!
Note: If price does not respect either of these zones and breaks through both the support zone and trend line, wait for a retest before looking for bearish trades.
Note: If price does not respect either of these zones and breaks through both the support zone and trend line, wait for a retest before looking for bearish trades.
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