AUDJPY
Trade Setup for AUD/JPY (1H Chart)
Structure:
The chart shows a clear bullish bias with a rising trendline acting as dynamic support. Price has recently tested the trendline and rebounded from a key support zone (highlighted in gray), suggesting a potential continuation to the upside.
Key Observations:
Support Zone: The price is respecting the 97.000 psychological level (gray area) as support.
Trendline Bounce: The trendline aligns with the support zone, providing confluence for a long position.
Structure:
The chart shows a clear bullish bias with a rising trendline acting as dynamic support. Price has recently tested the trendline and rebounded from a key support zone (highlighted in gray), suggesting a potential continuation to the upside.
Key Observations:
Support Zone: The price is respecting the 97.000 psychological level (gray area) as support.
Trendline Bounce: The trendline aligns with the support zone, providing confluence for a long position.
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