AUDJPY 4Hour TF - June 17th, 2024
Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4Hour - Ranging
Scenario 1: We can see a clear range that price action is stuck in on the 4hr but overall all other TF trends are strongly bullish. We are looking for a break above the range with supporting structure. If bullish conviction is spotted and we can confirm a higher low above the range it's likely we will see a bullish AJ for the week.
Scenario 2: A bearish break is possible too, just less likely. If we see a break below 103.500 we need to confirm it with a lower high. Expect AJ for be bearish for the week ahead if that happens.
Weekly - Bullish
Daily - Bullish
4Hour - Ranging
Scenario 1: We can see a clear range that price action is stuck in on the 4hr but overall all other TF trends are strongly bullish. We are looking for a break above the range with supporting structure. If bullish conviction is spotted and we can confirm a higher low above the range it's likely we will see a bullish AJ for the week.
Scenario 2: A bearish break is possible too, just less likely. If we see a break below 103.500 we need to confirm it with a lower high. Expect AJ for be bearish for the week ahead if that happens.
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