AUDJPY 4hour Analysis June 12th, 2022
AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish on AJ and we are currently seeing a pullback to our 95.000 support zone.
How price action reacts at this zone will determine where we look for trades next. Ideally, price action forms structure and continues higher.
Look to enter long on conviction after a higher low is confirmed.
Trade scenario 2: For us to consider AJ bearish on this timeframe we need to see a break of support at 95.000 with structure below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish on AJ and we are currently seeing a pullback to our 95.000 support zone.
How price action reacts at this zone will determine where we look for trades next. Ideally, price action forms structure and continues higher.
Look to enter long on conviction after a higher low is confirmed.
Trade scenario 2: For us to consider AJ bearish on this timeframe we need to see a break of support at 95.000 with structure below.
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