AUDJPY 4hour Analysis August 30th, 2020
AUDJPY Long idea
Overall we are very bullish on AUDJPY and we are going to continue looking for long opportunities.
Where current price action is we can not make a high probability trade. Ideally we want to see structure form, look for a retracement to either the 38.2% or 61.8% fib level with a confirmed higher low.
Look to enter on strong bullish setups confirming a continuation to the upside. Target toward the prior high and key fib levels.
Overall we are very bullish on AUDJPY and we are going to continue looking for long opportunities.
Where current price action is we can not make a high probability trade. Ideally we want to see structure form, look for a retracement to either the 38.2% or 61.8% fib level with a confirmed higher low.
Look to enter on strong bullish setups confirming a continuation to the upside. Target toward the prior high and key fib levels.