Hi Traders,
I updated the chart yesterday ie. aud/jpy and in this weekly chart we have seen price is in range after spike of the area price has again coming to test the support and the fact that keep us interesting that earlier we have not seen a strong sell-off and Now I would be watching daily chart for entry . Strong confirmation can come on weekly chart and In order to loss we can trust daily but we need to have momentum and that is meant by strong one. We have already seen close to 180 pips movement from the lows but that has to be a strong momentum candle to close at the day to give us confidence the price has found demand once again.
I updated the chart yesterday ie. aud/jpy and in this weekly chart we have seen price is in range after spike of the area price has again coming to test the support and the fact that keep us interesting that earlier we have not seen a strong sell-off and Now I would be watching daily chart for entry . Strong confirmation can come on weekly chart and In order to loss we can trust daily but we need to have momentum and that is meant by strong one. We have already seen close to 180 pips movement from the lows but that has to be a strong momentum candle to close at the day to give us confidence the price has found demand once again.
Update chart of Aud/jpy Weekly Supply and demand levels
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