AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: With how strong the recent bearish trend is, it’s likely we'll see price action continue lower to support around 83.250.
We could also see a retest to confirm structure followed by a continuation lower.
Trade scenario 2: For us to consider long opportunities we would need to see a very convincing reversal from 83.250 support or a transition of 85.000.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: With how strong the recent bearish trend is, it’s likely we'll see price action continue lower to support around 83.250.
We could also see a retest to confirm structure followed by a continuation lower.
Trade scenario 2: For us to consider long opportunities we would need to see a very convincing reversal from 83.250 support or a transition of 85.000.
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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.