AUDJPY - 4hrs ( Buy Trade Target Range 300 PIP ) Pair Name: AUD/JPY
Time Frame: 4-Hour Chart (Close)
Scale Type: Large Scale
Our objective is to spread knowledge and clarify the most important points for entry and exit. We'll explore key reasons for trade decisions, going beyond five factors, to deepen understanding rather than focus on profit.
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Key Technical / Direction: Buy Opportunity
Type: Mid-Term Swing (Trend lasting days to weeks)
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☑Bullish Break at 95.700 Area
Reasons:
🦸♀️Major Turn Level:
This level is a historically significant area where price has reversed or shown strong reactions in the past. A break above 95.700 indicates a shift in market sentiment from bearish to bullish, signaling potential upward movement.
🦸♀️Volume Visible Range HVN (High Volume Node):
The HVN from the visible range volume profile shows where significant trading activity has occurred. This level represents an area of strong interest from institutional traders, and a break above it suggests that price is moving into a region where supply is limited, making it easier for price to rise.
🦸♀️Fixed Range Value:
This is a key metric derived from volume profile analysis over a specific price range. The break above 95.700 indicates that price is overcoming a heavily traded zone, implying further bullish potential as the market seeks a new equilibrium above this area.
🦸♀️Key Level (10 Bounces):
The 95.700 area has acted as support/resistance multiple times (10 bounces), signifying its importance as a key psychological and technical level. A break here would confirm the strength of buyers, who have defended or pushed the price at this level in the past.
🦸♀️Fibonacci Golden Zone Break:
This refers to the 61.8% retracement level from a prior move. The golden zone is widely respected by traders, and a break above this level confirms a bullish continuation, signaling the potential for the uptrend to gain further momentum.
🦸♀️Inner Trend Break:
Price action has been respecting an inner trendline, and the break of this line signals a potential reversal of the previous downtrend. This inner trend break supports the bullish case as it often leads to a shift in market structure.
🦸♀️CHoCH (Change of Character) Zone:
The change of character zone refers to an area where the market shifts its behavior from bearish to bullish. A break of this zone confirms that buyers are taking control, making it a strong indicator for upward momentum.
