AUDJPY technical analysis for long term trading

22 בפבר׳ 2020

As mentioned in the graph, the price is at the upper line of the trading channel, if you see closely in the 1-hour chart you can see it has been retesting to the previous level (relatively strong)/retracing to the 0.5 level several times. We are only targetting to the previous swing low as our risk and reward ratio is still decent even playing this conservative.