AUDJPY Trading Analysis - Corrective Structure To Be Over

in trading •  7 years ago 

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Price is currently in a corrective structure, possibly ending at 84.60 on the 1H chart. That's where I'm looking to enter the market.

Let's hope for the best, cheers guys!!!

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Interesting charts and i think this could be a nice entry point. For me personally i think i will wait and see if audjpy pulls back to the 82.60 level. On my daily chart it is still in the overbought territory. Nice green candle on friday though.

Thank you for commenting, I will wait however before putting the pending order, I wanna see how it reacts to the market opening, will check the daily chart as well to monitor the bigger trend. Thanks!!! :)