AUDJPY 4hour Analysis November 14th 2021

200
AUDJPY Bearish idea

Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish

Trade scenario 1: Looking very bearish here on AJ. Currently we’re seeing a bit of consolidation near 83.250 support but we’re going to play the trend.

Ideally, price action presents a lower high below 83.250 for us to enter short on.

Trade scenario 2: For us to consider AJ bullish we need to see a transition on this 4hour timeframe with a strong higher low.

Look to enter long and target higher toward 85.000 resistance.

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.