Hey everyone! Just making a quick post as I have noticed a significant amount of ideas saying that audjpy has broken out to the downside. But, have they considered all possible lines of support? No.
2 Key things here:
Firstly, If we reconnect the support after the lowest spike, we find ourselves having a nice support, which audjpy has not yet reached.
Secondly, there is a horizontal support that audjpy has not reached yet, where buyers would be present. So it can be expected that there "may" be a bounce.
My eyes are open to see on a lower time frame if there can be an entry at either of these supports. Good luck trading everyone. Make your own decisions!
2 Key things here:
Firstly, If we reconnect the support after the lowest spike, we find ourselves having a nice support, which audjpy has not yet reached.
Secondly, there is a horizontal support that audjpy has not reached yet, where buyers would be present. So it can be expected that there "may" be a bounce.
My eyes are open to see on a lower time frame if there can be an entry at either of these supports. Good luck trading everyone. Make your own decisions!
Trade active
Let's Buy it here - small risk - big potentialTrade closed manually
Looks short
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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.