AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Price action is still overall very bullish and could be due for a reversal at key support. Ideally, we want to see price action reversal at the current level (82.000) and show strong bullish setups we can then enter on. Look to target higher toward key resistance levels.
Trade scenario 2: Personally I’m not interested in taking short positions until I see lower highs below 80.800 because price action could technically fall to 80.800, reverse and still be overall bullish.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Price action is still overall very bullish and could be due for a reversal at key support. Ideally, we want to see price action reversal at the current level (82.000) and show strong bullish setups we can then enter on. Look to target higher toward key resistance levels.
Trade scenario 2: Personally I’m not interested in taking short positions until I see lower highs below 80.800 because price action could technically fall to 80.800, reverse and still be overall bullish.
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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.