AUDJPY 30min Analysis March 8th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our value zone of 83.200. We will then wait for price to find support and enter on strong bullish setups, first targeting previous highs around 83.700.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 83.00. We will then wait for price to retrace and for 83.00 to flip as resistance.
Trade Scenario 2: Bearish - For us to go short we need to see price break below 83.00. We will then wait for price to retrace and for 83.00 to flip as resistance.