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??