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AUDJPY Short Term Longs?

4hr Time Frame: Reading price action we can see that price has cleared above areas of resistance and is now testing as newfound support with signs of rejection. Price is forming higher highs and lows simply by looking at structure and it is also creating a double bottom formation in confluence with reversal candlesticks. If price manages to hold above this zone 75.750 quarterly psych level, then anticipate longs to 76.750. However, if price violate this support zone then anticipate shorts back down to 75.000. Due to the uncertainty of market fluidity, risk management is highly recommended.


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