AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish and are looking to continue with that trend. Price action is currently pulling back to our monthly support level around 83.300 where we will be looking for reversals to enter long on. Look to target higher toward prior highs and negative fib levels.
Trade scenario 2: For us to consider AJ bearish we need to see a lower high below 83.300. Target lower toward key support at 82.200.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish and are looking to continue with that trend. Price action is currently pulling back to our monthly support level around 83.300 where we will be looking for reversals to enter long on. Look to target higher toward prior highs and negative fib levels.
Trade scenario 2: For us to consider AJ bearish we need to see a lower high below 83.300. Target lower toward key support at 82.200.
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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.