AUDJPY 4hour Analysis March 6th, 2022
AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AJ is also looking bullish on all major timeframes after we saw a break of 83.250.
Now we are waiting for key structure points to enter long on and ride the trend. Ideally, price action forms a higher low closer to 83.250 before continuing higher.
Trade scenario 2: The other likely scenario is that AJ will continue to rally and break 85.000 resistance.
If this happens look for a higher low above before entering long.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AJ is also looking bullish on all major timeframes after we saw a break of 83.250.
Now we are waiting for key structure points to enter long on and ride the trend. Ideally, price action forms a higher low closer to 83.250 before continuing higher.
Trade scenario 2: The other likely scenario is that AJ will continue to rally and break 85.000 resistance.
If this happens look for a higher low above before entering long.
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