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Lenguito_Forex

AUDJPY - Buy at the bottom trend line???

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Lenguito_Forex  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Fibonacci Trend Lines
2
0
trendanalysis fibonacci trendline
Price has approached the daily 100MA (blue line) with a chance it could break it and test the bottom of the trend line, which is in conjunction with.. the 61.8% retracement and strong support (red circles)! Great!

We will be looking to BUY AUDJPY at the TRENDLINE and target previous highs! Lets keep an eye on this and see what happens!

IF price breaks the trendline, 61.8% and bottom trendline we will sell and target the 200MA (red line)

What do you guys think??

-L
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