Buy Opportunity on AUJPY

Looking at AudJpy, we could have a potential buy opportunity. Zooming out to the large timeframes, we could identify both non-horizontal support & resistance levels relative to market structure. We could see that price is currently sitting at the non-horizontal support level, which adds to the bullish bias.

Scoping down to the lower timeframes, price has just retraced down to a significant support level and rejected with a bullish candle closure. This is showing me that there is some buying sensitivity at this area, and it's possible that we could wipe out the previous swing highs with a bullish impulse. If the trend continues upwards, we will most likely see this play out.