AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’re very bullish on AJ and we still aren’t seeing any significant signs of bearishness. Ideally, we’re looking for an entry on a break of this bullish flag and higher low above our 38.2% fib level. Look to target higher toward 85.000.
Trade scenario 2: This pair will still be bullish until we see a significant break of support at 82.250. We could see price action fall to this level in which case we will re-analyze and consider a break or bounce.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’re very bullish on AJ and we still aren’t seeing any significant signs of bearishness. Ideally, we’re looking for an entry on a break of this bullish flag and higher low above our 38.2% fib level. Look to target higher toward 85.000.
Trade scenario 2: This pair will still be bullish until we see a significant break of support at 82.250. We could see price action fall to this level in which case we will re-analyze and consider a break or bounce.
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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.