AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking very bearish here on AJ as we saw a daily head & shoulders pattern execute last week.
Going into this week we’re looking for lower highs and rejection from key levels of resistance like 91.000
Trade scenario 2: For us to now consider AJ bullish we need to see a break of resistance around 91.000 with a higher low above.