AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action on this pair is still very overextended. We’re still looking for a massive pullback to correct this rally and form structure.
Without structure we can’t do much on this pair just yet. Ideally, we see some consolidation followed by a pullback to 88.000 support.
Trade scenario 2: We may have a short position loading up as well but it will be more risky without structure.
Look for a break and retest of 91.000 support with strong bearish candlesticks to enter short on. Look to target lower toward 88.000 support.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action on this pair is still very overextended. We’re still looking for a massive pullback to correct this rally and form structure.
Without structure we can’t do much on this pair just yet. Ideally, we see some consolidation followed by a pullback to 88.000 support.
Trade scenario 2: We may have a short position loading up as well but it will be more risky without structure.
Look for a break and retest of 91.000 support with strong bearish candlesticks to enter short on. Look to target lower toward 88.000 support.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.