AUDJPY 4hour Analysis July 17th, 2022
AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Back to bullish for AJ. We recently broke a 4hour bearish trend when price action pushed through our 92.850 zone.
Going into this week we’re looking to continue bullish. Ideally we can spot some quality higher lows close to our 61.8% fib level for entry opportunities.
Trade scenario 2: For us to consider AJ more bearish we would need to see a break back through our 92.850 zone. If this happens and price action forms new structure we will consider entries on lower highs.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Back to bullish for AJ. We recently broke a 4hour bearish trend when price action pushed through our 92.850 zone.
Going into this week we’re looking to continue bullish. Ideally we can spot some quality higher lows close to our 61.8% fib level for entry opportunities.
Trade scenario 2: For us to consider AJ more bearish we would need to see a break back through our 92.850 zone. If this happens and price action forms new structure we will consider entries on lower highs.
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