AUDJPY 30min Analysis February 15th, 2021

Trade Scenario 1: Bullish - Price is in a strong uptrend just broke our key weekly level. We are now waiting for a quick pullback to 82.07. We will look to enter long on strong bullish setups off the weekly level.

Trade Scenario 2: Bearish - For us to go short we need to see price break below 81.950 with conviction. We will then wait for a retrace and for a rejection off 81.950.