AUDJPY Potential Long Position
Please give me some feedback and let me know what you think.
Multi time frame Analysis
1D time frame price is trading in a range and reacted to the Supply Zone giving a Long Bias
4H time frame price breakout of Demand Zone giving a Long Bias
1H time frame price is signaling a Bearish Divergence (I am interoperating this as a corrective/retracement move) and reset at zone to give a Long Bias
Setup and Entry
Wait for price to retrace back to 0.50 - 0.168 Fib zone and bounce off 50EMA to go Long
Multi time frame Analysis
1D time frame price is trading in a range and reacted to the Supply Zone giving a Long Bias
4H time frame price breakout of Demand Zone giving a Long Bias
1H time frame price is signaling a Bearish Divergence (I am interoperating this as a corrective/retracement move) and reset at zone to give a Long Bias
Setup and Entry
Wait for price to retrace back to 0.50 - 0.168 Fib zone and bounce off 50EMA to go Long