Good day traders,
How did trading go today?, if you ask me, it was tricky for us, but our stop loss was their to save us.
On to Thursday, there seem to be some setups that are unripe, however, we will stick to the ripe fruit and see how we could pluck it.
1. AUD/JPY
AUD/JPY on the daily chart is highly bearish.
Price has also succeeded in breaking an important support level (82.824) to now rest on an ascending support level (82.181) clearly shown on a 4 hour chart.
In my opinion, if price breaks the current support level, we may most likely see the bears take price to a new support level (81.409). However, if price refuse to break the present support level and a reversal is confirmed, the bulls will most likely take price to the next possible resistance level (82.824).
That’s all for Thursday, We may see more viable setups on Friday.
Feel free to leave a comment below if you have contrary views or want to add to our analysis, while at it don’t forget to subscribe and share.
Do have a great ahead
