AUD/JPY should test its highs again in the next hours
Hey guys,
The pair is currently in a flag inside what looks like a broadening formation (megaphone).
Based on the Ichimoku Cloud, we can see that the price is supported by a thick daily cloud and is currently above all its clouds as well (H1, H4, and Daily) suggesting that it will sooner or later test the highs again.
I am already positioned in this trade, but a more conservative strategy would be to enter as soon as the flag is broken to the upside.
The target is the high of the megaphone which is also nearly the highs over the last month, at around 84.550. So an 80+ pip trade.
Trade with care!
Jesse
The pair is currently in a flag inside what looks like a broadening formation (megaphone).
Based on the Ichimoku Cloud, we can see that the price is supported by a thick daily cloud and is currently above all its clouds as well (H1, H4, and Daily) suggesting that it will sooner or later test the highs again.
I am already positioned in this trade, but a more conservative strategy would be to enter as soon as the flag is broken to the upside.
The target is the high of the megaphone which is also nearly the highs over the last month, at around 84.550. So an 80+ pip trade.
Trade with care!
Jesse
Trade chiuso: obiettivo raggiunto
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.