AUDJPY - 15.5RR Buy
This is a pair we are watching closely this week. The 1D OB region acts a strong demand zone due to a LTF (5M) accumulation causing an impulsive mark-up last time price consolidated in the zone. We have reacted nicely off the order block region and some large positions have been mitigated. We are currently printing what seems to be a 15M accumulation, which has taken liquidity to the downside multiple times before breaking structure to the upside. We are looking for price to create efficiency by fulfilling the 5M and 15M imbalances which sit perfectly at our POI (15M OB). We can look to buy at this area and scale in positions at LPSYs. If you need any assistance with your trading, please feel free to drop us a message. Have a great trading week!
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