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Feb 27, 2022 11:13 PM

AUDJPY 4hour Analysis February 27th, 2022 Long

Australian Dollar/Japanese YenFXCM

Description

AUDJPY Bullish idea

Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Ranging

Trade scenario 1: Recently we have seen AJ turn bullish but since price action met resistance near 83.250 we have been seeing some high volume ranging.

Ideally, we can continue bullish and see price action confirm structure with a higher low above 83.250.

Trade scenario 2: If we spot a bearish break of the range we need to wait for a lower high below 82.600 before entering short.
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