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Sunday, July 25, 2021

AUDJPY - BUY ABOVE @81.00/40

AUDJPY - BUY ABOVE @81.00/40

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On Wk1, this is what is formed as a rejection candlestick from key support area and likely to close above another
key support (above @133). Hence, we can start to think bullish for this week.

On H4, we can clearly see how price action is carving new HH and HL. All we need is a breakout of the immediate
resistance and proper retest of it, preferably above @81. 40

If you are very familiar with what market gaps are, you will know that those portions labeled "gaps' will sooner or later
get filled, against all odds. This could happen if price changes trend already back upside.

Always remember that nothing is fixed. So, stay very safe and observe all your trading plan and strategy strictly. Thank you!

DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.

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