AUDJPY Daily trend line break continuation?
Daily
In mid-September we had had the trend line break on the Daily chart. It seems we have pullback at the moment. Price has some room to the upside still to test the resistance area around 75.75. The last candlestick looks like a bullish pin bar, but note also that the price closes lower than the start of the day.
4 Hourly
We need to see a clear bearish signal to the downside. To target at least 74.00 level. It might be an idea to split your position and trail in to break even as soon the price is going in the bearish direction.
In mid-September we had had the trend line break on the Daily chart. It seems we have pullback at the moment. Price has some room to the upside still to test the resistance area around 75.75. The last candlestick looks like a bullish pin bar, but note also that the price closes lower than the start of the day.
4 Hourly
We need to see a clear bearish signal to the downside. To target at least 74.00 level. It might be an idea to split your position and trail in to break even as soon the price is going in the bearish direction.
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