AUDJPY - Buying dips in the short term
We are still looking for opportunities to buy AUDJPY on dips towards 74.85. This video goes through our multi-timeframe setup.
Here is our day trade idea for today...
Trade Idea
Broken out of the channel formation to the upside.
There is scope for mild selling at the open but losses should be limited.
Bespoke support is located at 74.85.
Further upside is expected although we prefer to set longs at our bespoke support levels at 74.85, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
We look to Buy at 74.85
Stop: 74.55
Target 1: 75.70
Target 2: 76.10
Here is our day trade idea for today...
Trade Idea
Broken out of the channel formation to the upside.
There is scope for mild selling at the open but losses should be limited.
Bespoke support is located at 74.85.
Further upside is expected although we prefer to set longs at our bespoke support levels at 74.85, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
We look to Buy at 74.85
Stop: 74.55
Target 1: 75.70
Target 2: 76.10
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