Good day traders,
Another opportunistic trading day is right before us. Though we have just a single viable setup for tomorrow, I suggest you check yesterday’s setups, there should be enough confirmation on them for you to trade them.
So, let’s see what our chart holds for tomorrow.
1. AUD/JPY
AUD/JPY on the daily time frame has commenced a bearish move, and on the 4 hours time frame, price is currently testing a key support level (81.536).
If the support level gives us a confirmation for a sell after the 11pm candlestick is complete, we may see price taking a bearish move to the next support level (80.367).
On the other hand, if the candlestick formed does not give us an adequate confirmation of a breakout, we have to be patient enough to spot a reversal of this pair. If a reversal occurs, we should see price hit a former resistance level (82.700).
Do have a great day ahead and don’t forget to comment, share and subscribe to our daily analysis
