AUDJPY profit target reached perfectly, prepare to buy again for
Buy above 82.94. Stop loss at 82.54. Take profit at 83.66.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly from yesterday. We remain bullish looking to buy above 82.94 major support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, ascending support line) for a push up to at least 83.66 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (21,5,3) is also seeing strong ascending support holding price up really well.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly from yesterday. We remain bullish looking to buy above 82.94 major support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, ascending support line) for a push up to at least 83.66 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (21,5,3) is also seeing strong ascending support holding price up really well.