AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking very bearish here on AJ. Currently we’re seeing a bit of consolidation near 83.250 support but we’re going to play the trend.
Ideally, price action presents a lower high below 83.250 for us to enter short on.
Trade scenario 2: For us to consider AJ bullish we need to see a transition on this 4hour timeframe with a strong higher low.
Look to enter long and target higher toward 85.000 resistance.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking very bearish here on AJ. Currently we’re seeing a bit of consolidation near 83.250 support but we’re going to play the trend.
Ideally, price action presents a lower high below 83.250 for us to enter short on.
Trade scenario 2: For us to consider AJ bullish we need to see a transition on this 4hour timeframe with a strong higher low.
Look to enter long and target higher toward 85.000 resistance.
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