AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish as we have a recent 4hour break of structure. Currently looking for a retest and a confirmed lower high below our 4 hour resistance at 76.300. Enter short on strong bearish setups and target lower toward our negative fib levels and 200 ema.
Trade scenario 2: Price action goes bullish. For us to consider any long opportunities we first need to see a higher low form above our monthly resistance at 76.500.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish as we have a recent 4hour break of structure. Currently looking for a retest and a confirmed lower high below our 4 hour resistance at 76.300. Enter short on strong bearish setups and target lower toward our negative fib levels and 200 ema.
Trade scenario 2: Price action goes bullish. For us to consider any long opportunities we first need to see a higher low form above our monthly resistance at 76.500.
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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.