AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We recently broke the daily range after price action pushed above 95.000.
Currently price action seems to be ranging between 95.000 & 96.000 so we will have to wait for clear price action to make a decision.
If we are to look for long entries we need to see a clear continuation. Look for a bullish break of 96.000 with confirmed higher lows above.
Trade scenario 2: The other scenario is that ranging continues. If price action is to continue ranging we need to see rejection from 96.000 with strong bearish variations.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We recently broke the daily range after price action pushed above 95.000.
Currently price action seems to be ranging between 95.000 & 96.000 so we will have to wait for clear price action to make a decision.
If we are to look for long entries we need to see a clear continuation. Look for a bullish break of 96.000 with confirmed higher lows above.
Trade scenario 2: The other scenario is that ranging continues. If price action is to continue ranging we need to see rejection from 96.000 with strong bearish variations.