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Ace Trading Academy - AUDJPY Trade Precision AnalysisAUDJPY's previous 1-hour candle has closed and showed us a big wick rejection from the downside pushing back up to the upside. We have a previous wick rejection from the .5 area and a recent wick rejection from the .382 area on the fib tool. Watching for a break to the upside! Watch attached video for detailed explanation of trade. Ace Trading Academy Like, Follow, and Comment Posting daily content and trades consistently!
Long
by AceTradingAcademy
EUR/USD: Scope remains for a break to 1.2200Little change, whilst prices extend consolidation around 1.2150. The daily Tension Indicator continues to track higher, highlighting a break, but overbought daily stochastics and negative weekly charts are expected to limit any tests/break of 1.2200 in fresh selling interest. Meanwhile, support remains at 1.2100 and extends to the 1.2082 low of 12 February. A later close beneath here will add weight to sentiment and open up 1.2050. Any deeper reactions, however, should stabilise above 1.1975-1.2000.
by Continuum_Economics