MEX_Exchange
Long

AUDJPY strong resistance broken, time to start buying

FX:AUDJPY   Australischer Dollar/Japanischer Yen
Buy above 87.93. Stop loss at 87.20. Take profit at 88.82.
Reason for the trading strategy (technically):
Price has broken a strong resistance level which has led to a change in our momentum from bearish to bullish . We prepare to buy on dips above 87.93 support ( Fibonacci retracement , horizontal overlap support) for a push up to at least 88.82 resistance ( Fibonacci retracement , horizontal swing high resistance, Fibonacci extension ).
RSI (34) sees an ascending support channel supporting our bullish momentum view.
You're risk to reward is approx 1:1?
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your analyzis is v.good... where did you learn it from may I ask MEX_Exchange?
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Awesome work as always. We're always grateful for this!
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