AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’re very bullish on AJ and we still aren’t seeing any significant signs of bearishness. Ideally, we’re looking for an entry on a break of this bullish flag and higher low above our 38.2% fib level. Look to target higher toward 85.000.
Trade scenario 2: This pair will still be bullish until we see a significant break of support at 82.250. We could see price action fall to this level in which case we will re-analyze and consider a break or bounce.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’re very bullish on AJ and we still aren’t seeing any significant signs of bearishness. Ideally, we’re looking for an entry on a break of this bullish flag and higher low above our 38.2% fib level. Look to target higher toward 85.000.
Trade scenario 2: This pair will still be bullish until we see a significant break of support at 82.250. We could see price action fall to this level in which case we will re-analyze and consider a break or bounce.
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