AUDJPY 30min Analysis February 22nd, 2021
Price has broken above our key weekly and is starting to consolidate above it.
Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our key weekly level at 83.00. We can aggressively enter long on bullish setups off the weekly, or we can wait for price to break our descending trendline and retest 83.150. We will be targeting previous highs around 83.400
Trade Scenario 2: Bearish - For us to go short we want to see price break below our key weekly level of 83.0 with conviction. We will then wait for a retrace and for 83.00 to flip as resistance.
Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our key weekly level at 83.00. We can aggressively enter long on bullish setups off the weekly, or we can wait for price to break our descending trendline and retest 83.150. We will be targeting previous highs around 83.400
Trade Scenario 2: Bearish - For us to go short we want to see price break below our key weekly level of 83.0 with conviction. We will then wait for a retrace and for 83.00 to flip as resistance.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.