Based on our analysis of the AUDJPY chart, we have identified a bullish setup that we believe will continue to push prices higher in the coming week. Our primary focus is on the hourly supply zone, which is located at the last major high on the chart. We anticipate that the bullish movement will carry us up to this level and possibly even beyond.
To identify our bullish setup, we have been using the 5/15-minute swing move and analyzing the price action on the 15-minute timeframe. We are looking for price to shift higher from one of our major lows, which would confirm our bullish bias. This setup is currently in play, and we are monitoring the price action closely.
However, if we don't see the anticipated bullish shift, we will start to consider bearish moves lower. Nonetheless, we understand that we are in a bullish trend, and until there is a confirmed breakdown, we will continue to expect prices to move higher.
In summary, our analysis indicates that there is a high probability of a bullish move towards the hourly supply zone, and we will be closely monitoring the price action to confirm this view. If we see any bearish signals, we will reassess our bias accordingly.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
To identify our bullish setup, we have been using the 5/15-minute swing move and analyzing the price action on the 15-minute timeframe. We are looking for price to shift higher from one of our major lows, which would confirm our bullish bias. This setup is currently in play, and we are monitoring the price action closely.
However, if we don't see the anticipated bullish shift, we will start to consider bearish moves lower. Nonetheless, we understand that we are in a bullish trend, and until there is a confirmed breakdown, we will continue to expect prices to move higher.
In summary, our analysis indicates that there is a high probability of a bullish move towards the hourly supply zone, and we will be closely monitoring the price action to confirm this view. If we see any bearish signals, we will reassess our bias accordingly.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!