Get started
theforexarmy

AUDJPY bouncing nicely above support, remain bullish

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
theforexarmy  
FX:AUDJPY   Australian Dollar / Japanese Yen
audjpyfib audjpywavecount audjpyforecast audjpyprediction AUDJPY audjpyidea audjpyoutlook audjpysignal audjpytrade audjpyweekly
5
0
audjpyfib audjpywavecount audjpyforecast audjpyprediction audjpy audjpyidea audjpyoutlook audjpysignal audjpytrade audjpyweekly
Buy above 85.34. Stop loss at 84.97. Take profit at 86.08.
Reason for the trading strategy (technically):
Price is bouncing nicely above our buying level from yesterday. We remain bullish above 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is bouncing nicely above strong support at 5.5%.

Related Ideas

theforexarmy
AUDJPY right above support, remain bullish
theforexarmy
AUDJPY profit target reached, time to go bullish
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.