AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are still very bullish on this pair, however, we saw a 4hour higher low break/transition. For now we will wait for strong bullish setups and higher lows. This pair remains bullish on the daily timeframe as long as price action holds above 79.600. Look to target toward prior highs and negative fib levels.
Trade scenario 2: For us to consider short positions we need to see strong bearish momentum and lower highs below 79.600 & 79.000. Target lower toward significant levels of support.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are still very bullish on this pair, however, we saw a 4hour higher low break/transition. For now we will wait for strong bullish setups and higher lows. This pair remains bullish on the daily timeframe as long as price action holds above 79.600. Look to target toward prior highs and negative fib levels.
Trade scenario 2: For us to consider short positions we need to see strong bearish momentum and lower highs below 79.600 & 79.000. Target lower toward significant levels of support.
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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.
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.