AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall this pair is very bullish on all timeframes. We recently saw resistance at 80.250 break and price action surged higher. Ideally we want to see structure form with a retest of broken resistance. Look to enter long on a confirmed higher low with strong bullish setups. Target higher toward our -27% fib level.
Trade scenario 2: For us to change our bullish bias on AJ we need to see a break of support at 80.250. Price action would then fall back into our range between 79.600 & 80.250. We won’t yet be ready for shorts but it’s the first step toward a bearish bias.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall this pair is very bullish on all timeframes. We recently saw resistance at 80.250 break and price action surged higher. Ideally we want to see structure form with a retest of broken resistance. Look to enter long on a confirmed higher low with strong bullish setups. Target higher toward our -27% fib level.
Trade scenario 2: For us to change our bullish bias on AJ we need to see a break of support at 80.250. Price action would then fall back into our range between 79.600 & 80.250. We won’t yet be ready for shorts but it’s the first step toward a bearish bias.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.