Price broke the highest price of Asia. If the price stays above and shows no lower lows and if the price is ranging after i will enter a long position on this pair.
Extra info:
- Price broke above the 1st buyers territory on the 1h chart.
- Fundamentals are in line with a long position (AUD = strong / JPY = weak)
- Price broke asia session to the upside, that means there is power to the upside.
- Price is pulling back, but waiting on confirmation that pullback is done.