AUDJPY – Trading in a short term range, around an important level

Hope your trading is going ok, do you feel like trading JPY crosses?

I’m waiting for the AUDJPY to break the short term range before looking for any trade opportunity. A breakout of either side of the range will trigger a market condition on the direction of the breakout:

If it breaks the upper resistance green level (85.18) I’ll look for long opportunities

If it breaks the lower support green level (83.60) I’ll look for short opportunities

Trade Safe!

Raul Lopez
Forex Course

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .