AUDJPY 4hour Analysis September 5th, 2021
AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Definitely looking bullish on this pair, however, we need to form structure as price action looks a bit overextended.
Ideally, we see some consolidation with a confirmed higher low around 81.500 before entering long.
Trade scenario 2: For us to consider AJ bearish we would need to see a break back into the range below 81.500. If we see some strong lower highs and a bearish break of the range we will consider shorts.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Definitely looking bullish on this pair, however, we need to form structure as price action looks a bit overextended.
Ideally, we see some consolidation with a confirmed higher low around 81.500 before entering long.
Trade scenario 2: For us to consider AJ bearish we would need to see a break back into the range below 81.500. If we see some strong lower highs and a bearish break of the range we will consider shorts.