AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are very bullish on AJ and are now looking to continue with this trend. Currently we’re at a high after a recent break of resistance and we are now waiting for a pullback with new structure formation. Look to enter long after a higher low is confirmed above 84.700. Look to target higher toward negative fib levels.
Trade scenario 2: Technically as long as price action is above 84.400 we are very much bullish. So for us to consider short positions we first need to see a break of 84.400 with a lower high below. Look to target lower toward support at 83.300.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are very bullish on AJ and are now looking to continue with this trend. Currently we’re at a high after a recent break of resistance and we are now waiting for a pullback with new structure formation. Look to enter long after a higher low is confirmed above 84.700. Look to target higher toward negative fib levels.
Trade scenario 2: Technically as long as price action is above 84.400 we are very much bullish. So for us to consider short positions we first need to see a break of 84.400 with a lower high below. Look to target lower toward support at 83.300.