Institutional Weekly and Daily Supply for AUD/JPY

Dear Traders,

Due to traveling I haven't been that active here, apologies for that. However, there are some nice setups developing in the markets such as AUD/JPY! Price is currently moving correctively towards our two daily supply zones. The first being the smallest and weakest one however that one is ligning up with a third touch daily trendline, which might give a more risky short setup from this trendline.

For me, I am waiting for the highest supply zone being reached on the daily timeframe, combined with weekly supply, whenever this is reached I'll be waiting for a intra-day breakdown and apply our mechanical strategy to take advantage of this potential AUD/JPY pullback. Target wise; the .382 fibonacci will be TP1 & the trendline TP3, however I personally like to use our trailing method strategy and see how far we can push this one.

Have a great day.

Best regards,
The NCFX Team.