AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action is still very bullish on this pair and doesn’t show signs of stopping yet. From where price action currently is we would ideally like to see a pullback with a confirmed higher low before entering long. Look for possible entries around 81.000 and target higher toward negative fib levels. Technically price action can fall to 80.250 and still see a bullish reversal.
Trade scenario 2: For us to consider AJ bearish we need to see a lower high form below key support at 80.250. Look to enter short on strong bearish setup confirming the lower high and target toward major support levels.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action is still very bullish on this pair and doesn’t show signs of stopping yet. From where price action currently is we would ideally like to see a pullback with a confirmed higher low before entering long. Look for possible entries around 81.000 and target higher toward negative fib levels. Technically price action can fall to 80.250 and still see a bullish reversal.
Trade scenario 2: For us to consider AJ bearish we need to see a lower high form below key support at 80.250. Look to enter short on strong bearish setup confirming the lower high and target toward major support levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.