Bruce1_1Wayne

AUDJPY Potential Long Position

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
Please give me some feedback and let me know what you think.

Multi time frame Analysis

1D time frame price is trading in a range and reacted to the Supply Zone giving a Long Bias
4H time frame price breakout of Demand Zone giving a Long Bias
1H time frame price is signaling a Bearish Divergence (I am interoperating this as a corrective/retracement move) and reset at zone to give a Long Bias

Setup and Entry

Wait for price to retrace back to 0.50 - 0.168 Fib zone and bounce off 50EMA to go Long
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