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Mar 6, 2022 11:25 PM

AUDJPY 4hour Analysis March 6th, 2022 Long

Australian Dollar/Japanese YenFXCM

Description

AUDJPY Bullish idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: AJ is also looking bullish on all major timeframes after we saw a break of 83.250.

Now we are waiting for key structure points to enter long on and ride the trend. Ideally, price action forms a higher low closer to 83.250 before continuing higher.

Trade scenario 2: The other likely scenario is that AJ will continue to rally and break 85.000 resistance.

If this happens look for a higher low above before entering long.
Comments
Yallknozeek
GREAT
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