AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is also looking very bearish and had some nice movement last week.
At the current level it looks like price action formed a pattern and is now continuing. This is an area where entry signals are present and there could be a decent trade here.
We will look to target lower toward support around 79.000. Other entries would include confirmed lower highs on our way down.
Trade scenario 2: For us to consider AJ bullish we would first need to see a 4hour transition and a break above 80.800 with higher lows above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is also looking very bearish and had some nice movement last week.
At the current level it looks like price action formed a pattern and is now continuing. This is an area where entry signals are present and there could be a decent trade here.
We will look to target lower toward support around 79.000. Other entries would include confirmed lower highs on our way down.
Trade scenario 2: For us to consider AJ bullish we would first need to see a 4hour transition and a break above 80.800 with higher lows above.
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.
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.