AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We’re seeing some strong bearish volume stepping in here and we officially have a 4hour transition with the confirmation of a lower high.
From here we’re looking for support at 80.750 to break with a lower high below. We have a lot of room to fall if this level breaks so be patient.
Trade scenario 2: For us to consider AJ bullish we would ideally need to see a higher low above 81.400 with strong bullish setups.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We’re seeing some strong bearish volume stepping in here and we officially have a 4hour transition with the confirmation of a lower high.
From here we’re looking for support at 80.750 to break with a lower high below. We have a lot of room to fall if this level breaks so be patient.
Trade scenario 2: For us to consider AJ bullish we would ideally need to see a higher low above 81.400 with strong bullish setups.
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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.