AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Bearish on AJ as well but we only have one great opportunity to short here. Ideally price action rejects our 38.2% fib level near 79.000 and confirms a lower high.
We’ll look to enter short on strong bearish setups and target lower toward our -27% fib level and monthly support.
Trade scenario 2: If price action breaks above 79.000 we could catch some lower timeframe long positions because it’s likely we'll see price action pull back to 80.750/ the top of the channel.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Bearish on AJ as well but we only have one great opportunity to short here. Ideally price action rejects our 38.2% fib level near 79.000 and confirms a lower high.
We’ll look to enter short on strong bearish setups and target lower toward our -27% fib level and monthly support.
Trade scenario 2: If price action breaks above 79.000 we could catch some lower timeframe long positions because it’s likely we'll see price action pull back to 80.750/ the top of the channel.
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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.