AUDJPY 30min Analysis February 8th, 2021
Trade Scenario 1: Bullish - Price has broken above our key supply zone of 80.850. We are now waiting for price to retrace back to our key zone and for 80.850 to flip as support. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to look short we need to see price break below 80.850. We will then wait for a retrace and for 80.850 to act as resistance once again.
Trade Scenario 2: Bearish - For us to look short we need to see price break below 80.850. We will then wait for a retrace and for 80.850 to act as resistance once again.
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.
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.