So I’ve seen a few posts about AUD/JPY claiming it is in a bearish! I disagree and here’s why
1. If you check the 4h chart you can see a strong level around 94.4 (support) it has been tested multiple times, you can also see a strong level around the 95 area (resistance)
2. Price on the 1 hour chart made a false breakout on a short term trendline but If you check the trendline on the 4 hour chart there was no beak out and it was respected
3. Last but not least on the 1 hour chart you can also see a bullish break of structure which indicates more potential to the upside and the 94.4 level was also retested and bounced right back off on the 1 hour chart
So last but not least I’m bullish to the level 95
1. If you check the 4h chart you can see a strong level around 94.4 (support) it has been tested multiple times, you can also see a strong level around the 95 area (resistance)
2. Price on the 1 hour chart made a false breakout on a short term trendline but If you check the trendline on the 4 hour chart there was no beak out and it was respected
3. Last but not least on the 1 hour chart you can also see a bullish break of structure which indicates more potential to the upside and the 94.4 level was also retested and bounced right back off on the 1 hour chart
So last but not least I’m bullish to the level 95
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.