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CipherCharts

AUDJPY: Potential Bullish Shift

Long
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
CipherCharts Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Forex AUDJPY audjpylong forexlong
1
0
trendanalysis chartpattern indicator forex audjpy audjpylong forexlong
AUDJPY printed a Higher Higher and a Higher Low on an hourly timeframe. A bullish hammer was printed on the dip which indicates a potential bullish shift. An entry is advised at 38.2% fib level with stop loss being the previous Lower High; whereas the TP levels are advised as per the RRR of 1:1 and 1:2 respectively.
Trade closed: stop reached
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