Technical Analysis on AUDJPY

Evaluation / Projection of Bullish Market Structure

– Expecting a bullish market structure in the AUDJPY from a 4-hour timeframe perspective.
– Traders are being advised to wait for the price to make a retracement to fill the imbalance.
– Possibility of opening a long position if the price rejects from the support zone.

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In summary

The data and insight provided in this analysis are primarily for AUDJPY trading. As the author notes, this is a perspective and not an infallible prediction. There’s an expectancy of a bullish market structure and the trader’s tactical advice focuses on patience before positioning for long.

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Hot Take

While the prediction of a bullish AUDJPY market structure seems plausible based on the author’s analysis, it is worth noting that financial markets can be unpredictable and can change rapidly. Therefore, it’s essential for traders to use such analyses as guidance rather than absolute predictors of market movements. As with all trade forecasts, following expert advice with appropriate caution and managing risks carefully are paramount.Original article: https://www.tradingview.com/chart/AUDJPY/23YqZx9z-AUDJPY-Potential-long-from-support/