AUDJPY 30min Analysis February 1st, 2021
Trade Scenario 1: Bearish - Price is currently testing our structure zone of 80.200. For us to go short we need to see price break below the 30min 200MA. We will then wait for a quick retrace and for 80.00 to flip as resistance. Enter on strong bearish setups.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 80.200 with conviction. We will then wait for a retrace and for price to find support around 80.200. Enter on strong bullish setups.
Trade Scenario 2: Bullish - For us to go long we need to see price break above 80.200 with conviction. We will then wait for a retrace and for price to find support around 80.200. Enter on strong bullish setups.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.