AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are clearly bearish on the 4hour timeframe with a good amount of volume present.
We want to continue bearish so ideally we see this double top form and price action starts to fall. Look for a confirmed lower high below our 93.000 zone for short entries.
Trade scenario 2: AJ has to prove a lot for us to see this pair as more bullish so until our 95.000 zone is broken we will remain mainly bearish on this timeframe.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are clearly bearish on the 4hour timeframe with a good amount of volume present.
We want to continue bearish so ideally we see this double top form and price action starts to fall. Look for a confirmed lower high below our 93.000 zone for short entries.
Trade scenario 2: AJ has to prove a lot for us to see this pair as more bullish so until our 95.000 zone is broken we will remain mainly bearish on this timeframe.
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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.