Caught a nice long trade today on AUD/JPY.
Price recently reverted to an area of the previous resistance around the 76.60 level.
Price showed confirmation of rejection at this level following closed bullish 4H candles. The MACD and RVGI also showed signs of a trend reversal by displaying signal crossovers. The RSI was also oversold.
Therefore, a long trade was entered on this pair today and some great profits were banked.
Price recently reverted to an area of the previous resistance around the 76.60 level.
Price showed confirmation of rejection at this level following closed bullish 4H candles. The MACD and RVGI also showed signs of a trend reversal by displaying signal crossovers. The RSI was also oversold.
Therefore, a long trade was entered on this pair today and some great profits were banked.