AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AJ is very bullish, we just saw a major break of resistance at 79.000. From here we want to see a pullback to form structure and a higher low above 79.000. Look to enter long on proper confirmation and a moving average cross. Target higher toward our negative fib levels.
Trade scenario 2: For us to consider short scenarios we need to see a break and retest of 79.000. Look to enter short after a confirmed lower high and target lower toward key levels of support.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AJ is very bullish, we just saw a major break of resistance at 79.000. From here we want to see a pullback to form structure and a higher low above 79.000. Look to enter long on proper confirmation and a moving average cross. Target higher toward our negative fib levels.
Trade scenario 2: For us to consider short scenarios we need to see a break and retest of 79.000. Look to enter short after a confirmed lower high and target lower toward key levels of 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.