AUD/JPY: Good Place for possible long

26.01.2017 / 10:42

Rating:

AUD/JPY:

Date: 26 January, 2017

H4 Graph: Long Trend

Price made a correction but it remains within the bullish price channel. It did test again the diagonal support and horizontal support at 85.15. Now the price started going up and it remains above the 50 and 200 ЕМА.

Price Action: Pin bar at horizontal and diagonal support - Possible signal for long

DEM - Still not in the overbought zone

Alternative scenario: If the price breaks down again and passes below 85.37, will cancel this setup.

Price for Entry long around: 85.800

SL: 85.200

Trader - S. Fuchedzhiev

Varchev Traders

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AUD/JPY: Good Place for possible long

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