Analysis of #AUDJPY
Hi traders, today we will have a look at #AUDJPY
Looking at the chart you can see we have the market respecting the trend line resistance and the trend line support
As of now the market successfully tested the trend line support and moved higher if you go to the 15-minute chart you will see how the market formed to beautiful double bottom at the trendline support and then rallied up with huge momentum
I will be looking for the market to test the trendline resistance, then drop to the lower time frame and look for a double top at a trendline resistance also key market level 91.0
If the market will not provide any entry at the trendline resistance i will then look to enter at the structure resistance if provided a reason to, which is near 91.64 on 92.00
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #AUDJPY
Looking at the chart you can see we have the market respecting the trend line resistance and the trend line support
As of now the market successfully tested the trend line support and moved higher if you go to the 15-minute chart you will see how the market formed to beautiful double bottom at the trendline support and then rallied up with huge momentum
I will be looking for the market to test the trendline resistance, then drop to the lower time frame and look for a double top at a trendline resistance also key market level 91.0
If the market will not provide any entry at the trendline resistance i will then look to enter at the structure resistance if provided a reason to, which is near 91.64 on 92.00
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
