AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Price action continues bearish after the break of this range. From here we want to see structure form followed by strong bearish pressure. Enter on a confirmed retest and target lower toward key support and negative fib levels.
Trade scenario 2: Price action goes bullish and breaks back into the above range. If we see a higher low form above 75.000 you could go long and play the range.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Price action continues bearish after the break of this range. From here we want to see structure form followed by strong bearish pressure. Enter on a confirmed retest and target lower toward key support and negative fib levels.
Trade scenario 2: Price action goes bullish and breaks back into the above range. If we see a higher low form above 75.000 you could go long and play the range.
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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.