AUDJPY battle

Morning Dynamic Traders

I'd like to bring your attention to the AUDJPY Daily chart. We're in a squeeze formation, so price very soon will be forced to make a decision as to who wins the battle - the buyers or the sellers.

Despite the deep pullback in June/July the trend is very much in an upward direction and as smart money we know that the trend is our friend so we would be looking for a long opportunity. You can see on the chart that price is finding support at the VI and we also have a RN in proximity to this. Check all your indicators to see what they suggest - stochastic is giving us a black bar on top, confirming the uptrend. If you look closer, there are other confluences. See what you can uncover on this chart by using your Dynamic Trader toolkit.

















As always please carry out your own analysis. Remember don't second guess the market, just be ready for the market to make its move.

Here's to great trading!
Sonia Molina