AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is looking massively bearish as we just confirmed a lower high at 84.400, rejected the 200 ema, and saw a moving average cross after a rising wedge.
Look to target lower toward major support levels. You can even see the bearish volume by the size of the bearish candles presented here.
Trade scenario 2: For us to consider AJ bullish price action would need to break back above 84.400 with a higher low above. Then we can comfortably look for long positions.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is looking massively bearish as we just confirmed a lower high at 84.400, rejected the 200 ema, and saw a moving average cross after a rising wedge.
Look to target lower toward major support levels. You can even see the bearish volume by the size of the bearish candles presented here.
Trade scenario 2: For us to consider AJ bullish price action would need to break back above 84.400 with a higher low above. Then we can comfortably look for long positions.
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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.