AUDJPY 4hour Analysis October 10th, 2021
AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish on AJ and we’re aiming to continue with this trend. Ideally price action pulls back to form structure near support around 81.400 and continues bullish from there.
Look to enter long after we can confirm our next structure forming higher low
Trade scenario 2: For us to consider AJ bearish we would need to see a break below support at 81.400 with a lower high below.
Look to target toward our next support level.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish on AJ and we’re aiming to continue with this trend. Ideally price action pulls back to form structure near support around 81.400 and continues bullish from there.
Look to enter long after we can confirm our next structure forming higher low
Trade scenario 2: For us to consider AJ bearish we would need to see a break below support at 81.400 with a lower high below.
Look to target toward our next support level.