AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: Recently we have seen AJ turn bullish but since price action met resistance near 83.250 we have been seeing some high volume ranging.
Ideally, we can continue bullish and see price action confirm structure with a higher low above 83.250.
Trade scenario 2: If we spot a bearish break of the range we need to wait for a lower high below 82.600 before entering short.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: Recently we have seen AJ turn bullish but since price action met resistance near 83.250 we have been seeing some high volume ranging.
Ideally, we can continue bullish and see price action confirm structure with a higher low above 83.250.
Trade scenario 2: If we spot a bearish break of the range we need to wait for a lower high below 82.600 before entering short.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.