Forex trade signal AUD/JPY with strategy details.
Let’s look at the 4hr timeframe chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one horizontal. Chikou Span line is crossing the price chart from above, current cloud is ascending. The instrument is trading around upper border of the cloud. The near support level is Tenkan-sen line (86.509). The closest resistance level Tenkan-sen line (86.725).
On the D1 timeframe chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span below to price chart, current cloud ascending. The instrument trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (86.498). The closest resistance level is Kijun-sen line (87.428).
On 4hr timeframe chart the instrument is trading within cloud. On the D1 timeframe chart. See correction of the downward movement. It is recommended to open long positions at current price with target at the level of previous maximum of Chikou Span line (87.307) and Stop Loss at the upper border of the cloud (86.198).
#Proper trade details as per following.
PAIR : AUD/JPY
TRADE POINT : 86.725
TAKE PROFIT : 87.305
STOP LOSS : 86.195