AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are still majorly bullish on AJ and we are currently consolidating at a high.
The most ideal scenario for us would be to look for entries on structure points only
(38.2 & 61.8).
The safest move would be a clear reversal near 96.000 with strong bullish confirmations to enter on. Look to target toward the prior high & our -27% fib level.
Trade scenario 2: For us to consider AJ full bearish on the 4hour we would need to see a break below 96.000 with confirmed new structure.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are still majorly bullish on AJ and we are currently consolidating at a high.
The most ideal scenario for us would be to look for entries on structure points only
(38.2 & 61.8).
The safest move would be a clear reversal near 96.000 with strong bullish confirmations to enter on. Look to target toward the prior high & our -27% fib level.
Trade scenario 2: For us to consider AJ full bearish on the 4hour we would need to see a break below 96.000 with confirmed new structure.