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MEX_Exchange

AUDJPY playing a corrective bounce

Long
Dollar australien/Yen japonais (FX:AUDJPY)  
MEX_Exchange  
FX:AUDJPY   Dollar australien/Yen japonais
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpyshort audjpylong audjpysell audjpydaily audjpynews Forex
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trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpyshort audjpylong audjpysell audjpydaily audjpynews forex
Buy above 84.53. Stop loss at 83.57. Take profit at 86.67.
Reason for the trading strategy (technically):
Price is on major support (Fibonacci retracement, long term horizontal overlap support, bullish divergence) and we look to play a bounce above this level to push price up to at least 86.67 resistance (Multiple Fibonacci retracements, horizontal pullback resistance).
Stochastic (89,3,1) is seeing bullish divergence vs price signalling that a reversal is impending.
Clause de non-responsabilité

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