I have posted NZDJPY carry trade setups several times.
Let’s try AUDJPY today.
On H4 chart, I see Bullish Divergence on Stochastic. Thus I think it is safe to continue looking for Buy opportunities. Stochastic has a lot of rooms left to go up, which is another plus.
As usual, let’s take a fibonacci, and look for Long opportunity from Fib38.2-61.8%. But today I also would like to extend the zone down to 85.75 which is DPP.
Thus today’s buy zone is 85.75 – 85.98
Hope this setup helps you build your own.
YJ Baik – Forex.Today @ Tokyo