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ThinkingAntsOk

AUD/JPY Potential Long Scenario by ThinkingAntsOk

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
ThinkingAntsOk  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis aud jpy AUDJPY LONG scenario analysis setup Bullish Patterns trade
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trendanalysis supportandresistance mtfa aud jpy audjpy long scenario analysis setup bullish trade
DAILY CHART EXPLANATION:

🔸 Price is on a clear downtrend since 2019.
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🔸 It has consolidated on a Daily Wedge Pattern.
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🔸 Now, price is facing the confluence zone between the Support Zone and the lower trendline of the wedge.
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🔸 Will wait to see how it reacts, and, if there is a clear scenario, will look for a lower timeframe setup.

4H CHART ANALYSIS:

snapshot
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