AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Definitely looking bullish on this pair, however, we need to form structure as price action looks a bit overextended.
Ideally, we see some consolidation with a confirmed higher low around 81.500 before entering long.
Trade scenario 2: For us to consider AJ bearish we would need to see a break back into the range below 81.500. If we see some strong lower highs and a bearish break of the range we will consider shorts.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Definitely looking bullish on this pair, however, we need to form structure as price action looks a bit overextended.
Ideally, we see some consolidation with a confirmed higher low around 81.500 before entering long.
Trade scenario 2: For us to consider AJ bearish we would need to see a break back into the range below 81.500. If we see some strong lower highs and a bearish break of the range we will consider shorts.
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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.