AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: On higher timeframes AJ has been bullish but on the 4hour we’re seeing that price action has been stuck in a range.
The most likely scenario would be for price action to reverse at support and continue with this range.
Trade scenario 2: For us to consider AJ bearish we would need to see a bearish break of the range with a confirmed lower high below. If this happens look to target lower toward major support levels.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: On higher timeframes AJ has been bullish but on the 4hour we’re seeing that price action has been stuck in a range.
The most likely scenario would be for price action to reverse at support and continue with this range.
Trade scenario 2: For us to consider AJ bearish we would need to see a bearish break of the range with a confirmed lower high below. If this happens look to target lower toward major support levels.
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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.