AUDJPY 4hour Analysis December 6th, 2020
AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullisj
4Hour Trend: Bullish
Trade scenario 1: Overall we are very bullish on this pair still. Currently we could see price action take off from here or pullback to form structure. In either scenario, if price action continues bullish look to target higher toward 79.000.
Trade scenario 2: If price action goes bearish we need to see a lower high below 76.500 to change this 4hour trend. Look to target lower toward key support levels.
Weekly Trend: Bullish
Daily Trend: Bullisj
4Hour Trend: Bullish
Trade scenario 1: Overall we are very bullish on this pair still. Currently we could see price action take off from here or pullback to form structure. In either scenario, if price action continues bullish look to target higher toward 79.000.
Trade scenario 2: If price action goes bearish we need to see a lower high below 76.500 to change this 4hour trend. Look to target lower toward key support levels.