AUDJPY Daily Analysis March 27th, 2022
AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Clearly we are bullish but to be honest there is not much we can do with this kind of movement.
We need to see clear structure in order to plot a trade scenario so we would need to see a massive pullback then structure before we can do anything.
Trade scenario 2: We could also look for a massive amount of consolidation and wait for bearish structure on the lower timeframes.
This would allow for potential short opportunities on a pullback to 88.000 support.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Clearly we are bullish but to be honest there is not much we can do with this kind of movement.
We need to see clear structure in order to plot a trade scenario so we would need to see a massive pullback then structure before we can do anything.
Trade scenario 2: We could also look for a massive amount of consolidation and wait for bearish structure on the lower timeframes.
This would allow for potential short opportunities on a pullback to 88.000 support.
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