AUDJPY - Trading Plan
Weekly:
Making a lower swing high, close below the red dotted line confirms the pivot.
Daily:
Price broke the trendline of the pullback on Friday, but not convincingly.
4HR: Price fell impulsively and is pulling back to 50EMA and supply zone.
Trading Plan:
Look for signs of bearish rejection at the supply zone.
Scale-in option if price falls below the weekly pivot close.
Target: 73.0
Making a lower swing high, close below the red dotted line confirms the pivot.
Daily:
Price broke the trendline of the pullback on Friday, but not convincingly.
4HR: Price fell impulsively and is pulling back to 50EMA and supply zone.
Trading Plan:
Look for signs of bearish rejection at the supply zone.
Scale-in option if price falls below the weekly pivot close.
Target: 73.0
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