AUDJPY on weekly timeframe is bullish and have formed a double bottom which consider a bullish action and the break of the neckline with clean retest set price in a fresh rally.
to buy potential i need buying pressure to break and close the long tern ascending supply to use it as demand floor .
but if buyers fail to break and close with a possible of the supply roof ,price will go into consolidation phase and wait double confluence at the ascending trendline for uptick
to buy potential i need buying pressure to break and close the long tern ascending supply to use it as demand floor .
but if buyers fail to break and close with a possible of the supply roof ,price will go into consolidation phase and wait double confluence at the ascending trendline for uptick
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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.