AUDJPY 4hour Analysis March 20th, 2022
AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: To no surprise AJ is super bullish as well. We recently saw AJ break important resistance near 87.000.
From here we’re looking for structure in the form of a higher low closer to 87.000.
Look for strong rejection candles off this level and enter long on confirming setups. Look to target higher toward our next key resistance level.
Trade scenario 2: If we are to consider AJ bearish on this timeframe we need the opposite to happen.
Look for a break back below 87.000 support and consider entering short after we can confirm a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: To no surprise AJ is super bullish as well. We recently saw AJ break important resistance near 87.000.
From here we’re looking for structure in the form of a higher low closer to 87.000.
Look for strong rejection candles off this level and enter long on confirming setups. Look to target higher toward our next key resistance level.
Trade scenario 2: If we are to consider AJ bearish on this timeframe we need the opposite to happen.
Look for a break back below 87.000 support and consider entering short after we can confirm a lower high below.
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