AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall this pair is very bullish on all timeframes. We recently saw resistance at 80.250 break and price action surged higher. Ideally we want to see structure form with a retest of broken resistance. Look to enter long on a confirmed higher low with strong bullish setups. Target higher toward our -27% fib level.
Trade scenario 2: For us to change our bullish bias on AJ we need to see a break of support at 80.250. Price action would then fall back into our range between 79.600 & 80.250. We won’t yet be ready for shorts but it’s the first step toward a bearish bias.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall this pair is very bullish on all timeframes. We recently saw resistance at 80.250 break and price action surged higher. Ideally we want to see structure form with a retest of broken resistance. Look to enter long on a confirmed higher low with strong bullish setups. Target higher toward our -27% fib level.
Trade scenario 2: For us to change our bullish bias on AJ we need to see a break of support at 80.250. Price action would then fall back into our range between 79.600 & 80.250. We won’t yet be ready for shorts but it’s the first step toward a bearish bias.
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.