Hello TradingView Family / Fellow Traders,
📈 AUDJPY has demonstrated an overall bullish trend, trading within the rising broadening wedge pattern in blue.
Currently, AUDJPY is sitting around the lower bound of the wedge.
Moreover, the 96.5 serves as a robust demand zone.
🎯 Therefore, the highlighted blue circle signifies a significant zone to consider for potential buy setups. This area is noteworthy as it marks the convergence of the green demand and the lower blue trendline, acting as a non-horizontal support.
📚 In accordance with my trading style:
As AUDJPY is sitting around the blue circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📈 AUDJPY has demonstrated an overall bullish trend, trading within the rising broadening wedge pattern in blue.
Currently, AUDJPY is sitting around the lower bound of the wedge.
Moreover, the 96.5 serves as a robust demand zone.
🎯 Therefore, the highlighted blue circle signifies a significant zone to consider for potential buy setups. This area is noteworthy as it marks the convergence of the green demand and the lower blue trendline, acting as a non-horizontal support.
📚 In accordance with my trading style:
As AUDJPY is sitting around the blue circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr