Buy Opportunity on AUJPY
Looking at AudJpy, we could have a potential buy opportunity. Zooming out to the large timeframes, we could identify both non-horizontal support & resistance levels relative to market structure. We could see that price is currently sitting at the non-horizontal support level, which adds to the bullish bias.
Scoping down to the lower timeframes, price has just retraced down to a significant support level and rejected with a bullish candle closure. This is showing me that there is some buying sensitivity at this area, and it's possible that we could wipe out the previous swing highs with a bullish impulse. If the trend continues upwards, we will most likely see this play out.
Scoping down to the lower timeframes, price has just retraced down to a significant support level and rejected with a bullish candle closure. This is showing me that there is some buying sensitivity at this area, and it's possible that we could wipe out the previous swing highs with a bullish impulse. If the trend continues upwards, we will most likely see this play out.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.