AUDJPY 30min Analysis February 17th, 2021
Price is starting to break above our key weekly level again after a quick drop off to start the NY session today.
Trade Scenario 1: Bullish - For us to go long we need to see price find support around out weekly zone of 82.05. We will look to enter on strong bullish setups off our weekly, first targeting 82.250.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly with conviction. We will then wait for a retrace and for 82.05 to flip as resistance.
Trade Scenario 1: Bullish - For us to go long we need to see price find support around out weekly zone of 82.05. We will look to enter on strong bullish setups off our weekly, first targeting 82.250.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly with conviction. We will then wait for a retrace and for 82.05 to flip as resistance.
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