The_Lone_Woof

AUDJPY potential long setup

Largo
FX:AUDJPY   Dólar australiano/Yen japonés
Potential long trade on this pair as it has been ranging (1H), and retracing at 0.886 fibonacci level. There are other factors to consider in taking long setup which is an oversold RSI, and the price action, where there is a pinbar formation rejecting the current fibonacci level which act as a support zone. Stop loss is placed below the recent low around 94.900 area and targeting 95.771 which provides a decent risk reward ratio.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.