AUDJPY 4hour Analysis April, 5th, 2021
AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Currently we are back to bullish and ready for lift off! We just saw price action break and retest resistance at 84.150 and are now waiting for bullish confirmations to enter long. Look to target prior highs after conviction.
Trade scenario 2: For us to consider AJ bearish again we need to see a transition of 84.150. Look to enter short on a lower high and target lower toward our weekly support.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Currently we are back to bullish and ready for lift off! We just saw price action break and retest resistance at 84.150 and are now waiting for bullish confirmations to enter long. Look to target prior highs after conviction.
Trade scenario 2: For us to consider AJ bearish again we need to see a transition of 84.150. Look to enter short on a lower high and target lower toward our weekly support.
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