AUDJPY 30min Analysis February 18th, 2021
Price is currently consolidating around our key weekly level of 82.06.
Trade Scenario 1: Bullish - For us to go long we want to see price find support at our key weekly level of 82.06. We will look to enter on strong bullish setups, first targeting previous highs around 82.400.
Trade Scenario 2: Bearish - For us to go short we want to see price push below 82.00 with conviction. We will then wait for a retrace and for 82.00 to flip as resistance.
Trade Scenario 1: Bullish - For us to go long we want to see price find support at our key weekly level of 82.06. We will look to enter on strong bullish setups, first targeting previous highs around 82.400.
Trade Scenario 2: Bearish - For us to go short we want to see price push below 82.00 with conviction. We will then wait for a retrace and for 82.00 to flip as resistance.
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