AUDJPY UP or Down??? UP!
1.Lower low has been intercepted and that signals an end of the downtrend and a beginning of an uptrend
2. The descending channel has experienced a breakout and a slight retest with a strong price action signal for traders to join in.
3. The 4hr-EMA has provided a dynamic support for us and confirmed an upward trend.
4. Price made a slight pullback(50% Fib Level) and made an Up Swing-giving traders an opportunity to rejoin the trend.
Currently awaiting Price Action Signal to confirm upward movement towards our target(Significant Resistance Line and 61,80% Fib Retracement Level).
GoodLuck :-)
2. The descending channel has experienced a breakout and a slight retest with a strong price action signal for traders to join in.
3. The 4hr-EMA has provided a dynamic support for us and confirmed an upward trend.
4. Price made a slight pullback(50% Fib Level) and made an Up Swing-giving traders an opportunity to rejoin the trend.
Currently awaiting Price Action Signal to confirm upward movement towards our target(Significant Resistance Line and 61,80% Fib Retracement Level).
GoodLuck :-)
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