AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AJ is bullish on all major time frames except the 4hour where we saw price action break a higher low. Now we’re looking for a reversal and established higher low near our 78.6% fib level around 79.600. Look to enter long and target higher toward key resistance levels.
Trade scenario 2: For us to consider short positions we need to see a break and retest of 79.600 with a confirmed lower high. Enter short and target major support levels.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AJ is bullish on all major time frames except the 4hour where we saw price action break a higher low. Now we’re looking for a reversal and established higher low near our 78.6% fib level around 79.600. Look to enter long and target higher toward key resistance levels.
Trade scenario 2: For us to consider short positions we need to see a break and retest of 79.600 with a confirmed lower high. Enter short and target major support levels.
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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.