AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are still overall bullish on AJ and we can identify our key zone around 93.000. As long as we are above 93.000 we are generally bullish.
Look for strong rejection off 93.000 with clear characteristics of a bullish trend. Look to ride the trend and only enter long on higher lows near support levels.
Trade scenario 2: For us to consider AJ bearish we would need to see a break below 93.000 with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are still overall bullish on AJ and we can identify our key zone around 93.000. As long as we are above 93.000 we are generally bullish.
Look for strong rejection off 93.000 with clear characteristics of a bullish trend. Look to ride the trend and only enter long on higher lows near support levels.
Trade scenario 2: For us to consider AJ bearish we would need to see a break below 93.000 with a lower high below.