AUD/JPY Long trade after H1 reaction

8 Ağu 2023

On this trade, I opened a long position following confirmation at a reaction zone on the H1 timeframe, at the level of 93.80. The price is currently between a bullish setup and a bearish setup, and there's a lot of uncertainty in the market. However, during this week, we will have the Chinese and British CPI data coming out, so trading between Wednesday and Thursday will likely be very volatile. Additionally, I wanted to point out that we have two zones of interest, two FVF: a sell zone at the level of 94.40 and a buy zone at the level of 92.82. Let me know what you think. Happy trading, everyone.