Hello Traders, I hope you all having a profitable week!
Has I sad, this week was absolutely crazy in the markets.
Today I will take a look at the AUD/JPY H4 timeframe.
Looking at the H4 chart we can see that price was in consolidation period between 72.600 resistance and 71.100 support in 5 week period. Now candlestick formation showing strong bullish momentum. So price will breaks above or below of the box range!
Looking for a long position on this pair if price retest 72.600 level. Targeting 180 pips for upside. In another hand we can short this pair if price will come back below 72.600 level.
Regards from Robis and Think outside the box!2