AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Clearly we are bullish but to be honest there is not much we can do with this kind of movement.
We need to see clear structure in order to plot a trade scenario so we would need to see a massive pullback then structure before we can do anything.
Trade scenario 2: We could also look for a massive amount of consolidation and wait for bearish structure on the lower timeframes.
This would allow for potential short opportunities on a pullback to 88.000 support.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Clearly we are bullish but to be honest there is not much we can do with this kind of movement.
We need to see clear structure in order to plot a trade scenario so we would need to see a massive pullback then structure before we can do anything.
Trade scenario 2: We could also look for a massive amount of consolidation and wait for bearish structure on the lower timeframes.
This would allow for potential short opportunities on a pullback to 88.000 support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.