AUDJPY 30min Analysis January 28th, 2021
We had a strong push to the upside during the NY session today but price is currently at our resistance zone.
Trade Scenario 1: Bullish - For us to go long we need to see price push above our structure zone of 80.200. We will then wait for a retrace and for price to find support around 80.200. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off our structure zone of 80.200. We will look to enter on strong bearish setups off this zone.
Trade Scenario 1: Bullish - For us to go long we need to see price push above our structure zone of 80.200. We will then wait for a retrace and for price to find support around 80.200. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off our structure zone of 80.200. We will look to enter on strong bearish setups off this zone.
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