Based on the daily time frame I feel that if the current trend surpasses yesterdays high you should enter a long position.
I believe it will reach 85.981 (32 pips) with a SL at 85.252.
I utilized the 2 and 4 hour chart d=for my entry.
AUDJ OANDA:AUDJPY
follow-up from previous post
1. I didn't go for more pips because price has a tendancy of starting to going sideways or bouncing in this area (pink line). So I simply take my profit at this point and wait for the market to show me that it will break this point before proceeding
OANDA:AUDNZD AUD/NZD is on an up trend based on market structure on the Daily and Monthly time frames.
Based on the 15 min Timeframe market structure is now beginning to develop for an up trend on that time frame. Once it creates its next higher low I hope to enter for a 20 pip gain. based on the market structure on the daily candle within the next few weeks...
