AUD/JPY 16.01.2017
Time frame H4
Long-term and middle-term uptrend, short-term correction to levels of diagonal support , EMA 200 and FiBo 23.6, which gives us opportunity for long position.
Price action signal: Pin bars at levels of diagonal support and EMA 200
Technical indicator:
CCI(50) - When break level 0 , the positive scenario will be confirmed
SL: 84.30
Alternative scenario: If the price goes below EMA 200 and the diagonal supports , the negative scenario will be dismissed.
Trader_B_Arabadzhiev
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