HELLO TRADERS, I AM VERY INTERESTED IN BUYING THIS AUDJPY PAIR AS SOON AS IT REACHES THE ZONE OF INTEREST AROUND THE PRICE OF 94,000. EVERYTHING INDICATES THAT THE PRICE WILL RISE.
TECHNICAL ANALYSIS
CONFLUENCES AT THE MOMENT
1.- rejection of the last daily structure point
2.- rejection of daily interest zone
3.- rejection of psychological number 94,000
4.- daily rejection candle
why do I like it?
The daily and 4-hour timeframes are bullish, meaning they are in harmony. The most logical thing to do is to buy as soon as the price pulls back to the zone of interest and ride the trend!
Why would I sell if the price is rising?
The price has been rejected at the last structure point (look at the daily candlesticks of March 12, 2025, and March 13, 2025).
The price has been rejected at a daily zone of interest that has been respected repeatedly in the past, which shows us that it is a well-respected support.
The price has tested the psychological number 94,000, which could attract new buyers upon retesting it.
Now that we have the daily and 4-hour timeframes, as I mentioned before, the most logical thing to do is to look for long positions. I'll wait for my target zone to be tested again to open a long position if my entry pattern holds within 30 minutes.
If you like my idea, don't forget to like and follow me. I'll respond to your suggestions and comments! FxAlexisTrader.
TECHNICAL ANALYSIS
CONFLUENCES AT THE MOMENT
1.- rejection of the last daily structure point
2.- rejection of daily interest zone
3.- rejection of psychological number 94,000
4.- daily rejection candle
why do I like it?
The daily and 4-hour timeframes are bullish, meaning they are in harmony. The most logical thing to do is to buy as soon as the price pulls back to the zone of interest and ride the trend!
Why would I sell if the price is rising?
The price has been rejected at the last structure point (look at the daily candlesticks of March 12, 2025, and March 13, 2025).
The price has been rejected at a daily zone of interest that has been respected repeatedly in the past, which shows us that it is a well-respected support.
The price has tested the psychological number 94,000, which could attract new buyers upon retesting it.
Now that we have the daily and 4-hour timeframes, as I mentioned before, the most logical thing to do is to look for long positions. I'll wait for my target zone to be tested again to open a long position if my entry pattern holds within 30 minutes.
If you like my idea, don't forget to like and follow me. I'll respond to your suggestions and comments! FxAlexisTrader.
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.
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.