AUDJPY

Australian dollar has been climbing up since the day began breaking 83.946 level and it is fast approaching March high at 84.47 (Upper bound of the equidistance channel on the daily chart), providing a great scalp setup.

AUDJPY_MAY_18
AUDJPY Daily Chart Scalp Setup – Long @ 84.091 to 84.47 SL: 83.890

If you wish to open a long trade, keep a stop loss at 83.890 and be careful not to open big positions. After all the RSI is in the overbought area and there’s a good chance of price consolidation in the next few days. All the best with your trades!

.. and now after almost 12 hours we hit our Take Profit @ 84.47 ✅💰

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