AUDJPY 4hour Analysis May 22nd, 2022
AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still pretty bearish on AJ. Currently we are looking for strong rejection from resistance and conviction to enter short on.
Look to target lower toward 88.000 support.
Trade scenario 2: For us to consider AJ bullish we need to see structure in the form of a higher low above 91.000.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still pretty bearish on AJ. Currently we are looking for strong rejection from resistance and conviction to enter short on.
Look to target lower toward 88.000 support.
Trade scenario 2: For us to consider AJ bullish we need to see structure in the form of a higher low above 91.000.
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