AUDJPY 30min Analysis January 11th, 2021
Price is currently at our key structure zone of 80.200.
Trade Scenario 1: Bullish - For us to go long we are looking for price to find further bullish support at our structure zone of 80.200. We will look to enter on strong bullish engulfing/variations off our structure zone.
Trade Scenario 2: Bearish - For us to go short we need to see price break down through 80.200. We will then wait for a retrace and for 80.200 to flip as resistance. Enter on strong bearish setups at or below 80.200
Trade Scenario 1: Bullish - For us to go long we are looking for price to find further bullish support at our structure zone of 80.200. We will look to enter on strong bullish engulfing/variations off our structure zone.
Trade Scenario 2: Bearish - For us to go short we need to see price break down through 80.200. We will then wait for a retrace and for 80.200 to flip as resistance. Enter on strong bearish setups at or below 80.200
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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.