AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: On the daily timeframe we are looking pretty bullish but the 4hour timeframe is looking bearish and we have some room to fall here.
Ideally, we see price action form a lower high near 83.250 resistance and we can target lower toward 81.500 support. Look to enter short on confirming bearish candlestick setups.
Trade scenario 2: For us to consider AJ bullish we would need to see a break of 83.250 with a higher low above. Look to target higher toward 85.000 resistance.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: On the daily timeframe we are looking pretty bullish but the 4hour timeframe is looking bearish and we have some room to fall here.
Ideally, we see price action form a lower high near 83.250 resistance and we can target lower toward 81.500 support. Look to enter short on confirming bearish candlestick setups.
Trade scenario 2: For us to consider AJ bullish we would need to see a break of 83.250 with a higher low above. Look to target higher toward 85.000 resistance.
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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.