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AUDJPY: Showing Bullish Signs!


4hr Time Frame: Reading price we can see we are testing areas of support for the third time with a double bottom formation in confluence with long wick rejection. If price is able to hold, we can see bullish movement to 84.500 and if it breaks that we can see price reach 85.500. However, if price breaks support, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.

 

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