AUDJPY Neutral idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are extremely bullish on Audjpy but we are clearly over extended on the 4hour and we are near a major resistance level around 85.000. How price action reacts at this level will determine where we are headed for the week.
Ideally we can spot a pullback to 83.250 with a confirmed higher low above. We can consider long scenarios at this point.
Trade scenario 2: For us to consider AJ bearish we would need to see a break below support around 83.250 with a lower high below.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are extremely bullish on Audjpy but we are clearly over extended on the 4hour and we are near a major resistance level around 85.000. How price action reacts at this level will determine where we are headed for the week.
Ideally we can spot a pullback to 83.250 with a confirmed higher low above. We can consider long scenarios at this point.
Trade scenario 2: For us to consider AJ bearish we would need to see a break below support around 83.250 with a lower high below.
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.