AUDJPY 30min Analysis February 1st, 2021
Trade Scenario 1: Bearish - Price is currently testing our structure zone of 80.200. For us to go short we need to see price break below the 30min 200MA. We will then wait for a quick retrace and for 80.00 to flip as resistance. Enter on strong bearish setups.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 80.200 with conviction. We will then wait for a retrace and for price to find support around 80.200. Enter on strong bullish setups.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 80.200 with conviction. We will then wait for a retrace and for price to find support around 80.200. Enter on strong bullish setups.
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