AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we’re very bearish on AJ and currently we’re seeing a bit of consolidation in the form of an ascending triangle pattern.
Ideally we would like to see the pattern break bearishly along with support at 83.250. We would then look for confirmation of a lower high that we can then enter short on.
Look to target lower toward 82.200.
Trade scenario 2: For us to consider AJ bullish we would first need to see a break and retest of resistance at 83.800. We will then consider long entries on higher lows above this level.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we’re very bearish on AJ and currently we’re seeing a bit of consolidation in the form of an ascending triangle pattern.
Ideally we would like to see the pattern break bearishly along with support at 83.250. We would then look for confirmation of a lower high that we can then enter short on.
Look to target lower toward 82.200.
Trade scenario 2: For us to consider AJ bullish we would first need to see a break and retest of resistance at 83.800. We will then consider long entries on higher lows above this level.
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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.