FX.co ★ AUD/JPY

Hello traders, and congratulations on the new profit opportunities! Let's take a look at the interesting currency pair AUDJPY on the H1 timeframe. I'm using the Parabolic indicator to identify trend reversals, with a current value of 96.83. The closing price of the last candle is 97.00. Despite my desire to sell, the Parabolic indicator is signaling me to BUY-BUY-BUY! My final trading decision is based on the Moving Average. If it confirms the Parabolic signal, I enter the market. Currently, the average is at 96.95. The Moving Average below the candle closing price is pushing the price upwards, not just hinting but outright shouting "buy" to us. When the Parabolic indicator switches, it cancels our trade, and I will have to close the open position.

Now, let's switch to the D1 timeframe and apply the same approach to assess the market situation. Analyzing the daily timeframe prices: candle closing at 96.82, Parabolic indicator at 95.57, MA indicator at 96.55. The daily timeframe shows a bullish sentiment. I suggest considering buys as a priority within the day, and selling only as a correction.