AUDJPY 4hour Analysis August 14th, 2022
AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are looking bullish on AJ. Going into this week we are going to look for reactions near our 95.000 resistance zone.
For us to continue bullish we need to see a significant high above 95.000 with a confirmed higher low above.
Trade scenario 2: For us to consider AJ bearish again we would need to see strong rejection from 95.000 with a lower high below.
Look to enter short and target lower toward major support levels.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are looking bullish on AJ. Going into this week we are going to look for reactions near our 95.000 resistance zone.
For us to continue bullish we need to see a significant high above 95.000 with a confirmed higher low above.
Trade scenario 2: For us to consider AJ bearish again we would need to see strong rejection from 95.000 with a lower high below.
Look to enter short and target lower toward major support levels.
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