AUDJPY - Look for Long! 1:4 - Let see how it goes?

This is only a personal technical analysis, you may take it as a reference, or ignore it. No obligation!

Having proper Risk Management will save you a lot!

Happy Trading!

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Trade active:

Here we go, closed partially and the rest at the TP Price! Congratulations to whoever took this trade!

Let's wait until TP, 100+pips more here we go!

Trade closed manually:

The price made a move around 97.554, showing a reversal and confirming the next support level. Taking a broader look at the Weekly TF, it seems like the price is responding to the Right Shoulder of the QM Chart Pattern. Check out the link for more details, just casual observation!

www.tradingview.com/chart/b4ZxkaVe/

Comment:

Trade active:

Consider a continuation entry, given the strong bearish momentum, targeting the next support level at 95.306. Zoom into smaller time frames to identify a Break Retracement for a low-risk entry point.!