AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are very bullish on all significant timeframes and we recently broke key resistance at 84.400. Now we are waiting to confirm a higher low and 84.400 as new support. Look to enter long on proper confirmation and target higher toward our 0% fib level and negative fib levels.
Trade scenario 2: For us to consider AJ bearish we need to see a break back below 84.400 with a lower high below. Look to target lower back down toward support near 83.300 which is also our weekly level.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are very bullish on all significant timeframes and we recently broke key resistance at 84.400. Now we are waiting to confirm a higher low and 84.400 as new support. Look to enter long on proper confirmation and target higher toward our 0% fib level and negative fib levels.
Trade scenario 2: For us to consider AJ bearish we need to see a break back below 84.400 with a lower high below. Look to target lower back down toward support near 83.300 which is also our weekly level.