AUDJPY 4hour Analysis May 30th, 2022
AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: AJ is looking newly bullish as we broke back above 91.000 resistance. From here we’re looking for new structure in the form of a higher low close to 91.000.
Look to target higher toward 92.850
Trade scenario 2: For us to consider AJ bearish we need to break below 91.000 and form a lower high, new structure.
Target lower toward relevant support levels
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: AJ is looking newly bullish as we broke back above 91.000 resistance. From here we’re looking for new structure in the form of a higher low close to 91.000.
Look to target higher toward 92.850
Trade scenario 2: For us to consider AJ bearish we need to break below 91.000 and form a lower high, new structure.
Target lower toward relevant support levels
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