AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: This pair also is bearish across all major timeframes and we plan to look for continuations supporting this trend.
Ideally we see a lower high form right now near 82.200 followed by strong bearish setups to enter short on. Look to target lower toward major support levels and negative fib levels.
Trade scenario 2: For us to consider AJ bullish we would need to see a break of resistance near 83.250, our weekly zone, with a higher low above.
This means price action is generally bearish until we see this break happen.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: This pair also is bearish across all major timeframes and we plan to look for continuations supporting this trend.
Ideally we see a lower high form right now near 82.200 followed by strong bearish setups to enter short on. Look to target lower toward major support levels and negative fib levels.
Trade scenario 2: For us to consider AJ bullish we would need to see a break of resistance near 83.250, our weekly zone, with a higher low above.
This means price action is generally bearish until we see this break happen.
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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.