AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Definitely looking bearish this week! We currently can spot a potential perfect setup already.
From the current level we’re looking for price action to retest broken support at 80.750 to confirm a lower high. Look to enter short on confirmation of the lower high and target lower toward key support levels.
Trade scenario 2: For us to consider AJ bullish we would need to see a transition of 81.400 resistance. If we can spot a higher low above this level we will look to enter long and target high resistance levels.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Definitely looking bearish this week! We currently can spot a potential perfect setup already.
From the current level we’re looking for price action to retest broken support at 80.750 to confirm a lower high. Look to enter short on confirmation of the lower high and target lower toward key support levels.
Trade scenario 2: For us to consider AJ bullish we would need to see a transition of 81.400 resistance. If we can spot a higher low above this level we will look to enter long and target high resistance levels.
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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.