M & W charts for AUDJPY are bullish.
Daily chart just rejected from a Daily bullish Order block and created a 4H mitigation in the process.
Trade idea - as price comes back to the 4H mitigation block, watch for any form of price rejection and then trade along.
Confluences for the 4H mitigation+ block
- in 50% discount area for the range
- 4H mitigation+ is inside 1D OB+
- Has clear upside liquidity targets
Daily chart just rejected from a Daily bullish Order block and created a 4H mitigation in the process.
Trade idea - as price comes back to the 4H mitigation block, watch for any form of price rejection and then trade along.
Confluences for the 4H mitigation+ block
- in 50% discount area for the range
- 4H mitigation+ is inside 1D OB+
- Has clear upside liquidity targets
Note
Monthly chart Note
Monthly + Weekly chartNote
Monthly + Weekly + Daily chartNote
Detailed Daily + 4H chartTrade active
Trade is activeTrade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.