AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is currently in a strong bearish channel and looks like it’s going to continue within this channel for a little while longer.
Ideally, we can spot a lower high just below 81.500 resistance then we can follow price action down toward lower support levels.
Trade scenario 2: If we see a bullish break of 81.500 resistance, look for a higher low above before considering buy opportunities.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is currently in a strong bearish channel and looks like it’s going to continue within this channel for a little while longer.
Ideally, we can spot a lower high just below 81.500 resistance then we can follow price action down toward lower support levels.
Trade scenario 2: If we see a bullish break of 81.500 resistance, look for a higher low above before considering buy opportunities.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.