Monthly:
Strong bullish trend with consecutive bullish candles and a recent all-time high. Current move looks like a correction, but the overall structure still favors bullish continuation.
Weekly:
Market remains above a key flipped level after the last impulsive move higher, suggesting buyers are still in control.
Daily:
Price is rejecting from around the 38.2 retracement of the last impulse with multiple rejections, indicating potential strength and a possible move toward a new higher high.
4H Trade Plan:
Looking for a long opportunity from the current support area.
• Stop: Below the recent swing low (invalidation)
• Target: New high
• RR: ~1:3
• Idea: Trading with the overall bullish trend, although confidence is moderate.
⏳ Poll closes with the next 4H candle.
How confident are you in this AUDJPY setup? Vote below 👇
Options:
⭐ 1/5 – Weak
⭐⭐ 2/5 – Below Average
⭐⭐⭐ 3/5 – Decent
⭐⭐⭐⭐ 4/5 – Strong
⭐⭐⭐⭐⭐ 5/5 – A+ Setup
Strong bullish trend with consecutive bullish candles and a recent all-time high. Current move looks like a correction, but the overall structure still favors bullish continuation.
Weekly:
Market remains above a key flipped level after the last impulsive move higher, suggesting buyers are still in control.
Daily:
Price is rejecting from around the 38.2 retracement of the last impulse with multiple rejections, indicating potential strength and a possible move toward a new higher high.
4H Trade Plan:
Looking for a long opportunity from the current support area.
• Stop: Below the recent swing low (invalidation)
• Target: New high
• RR: ~1:3
• Idea: Trading with the overall bullish trend, although confidence is moderate.
⏳ Poll closes with the next 4H candle.
How confident are you in this AUDJPY setup? Vote below 👇
Options:
⭐ 1/5 – Weak
⭐⭐ 2/5 – Below Average
⭐⭐⭐ 3/5 – Decent
⭐⭐⭐⭐ 4/5 – Strong
⭐⭐⭐⭐⭐ 5/5 – A+ Setup
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.