Entry 73.000 banking level
Price is currently respecting the trendline
multiple rejections on the 4hr bounced of previous S1 level
Waiting for buy area to be achieved, could potentially secure 170-180 pips exiting at resistance level
AUDJPY - SHORT
We are looking for a retracement back down to the last support area.
As you can see AUDJPY has been overbought, rejecting of the R5 pivot point.
Now we are looking for a retracement back down to the the area as shown. We will see when the markets open getting position of the pivots and catching the ride down to the support.
We would exit once...