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AUDJPY 4hour Analysis September 26th, 2021

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY Bearish idea

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

Trade scenario 1: Overall we’re still bearish but we’re seeing an attempt at a 4hour trend change, we are just waiting for this potential higher low to confirm or fail.

If we see a strong reversal at the current level, wait for strong bearish setups to enter short on. Target lower toward support around 79.000

Trade scenario 2: For us to fully consider AJ bullish we first need to see a higher low above 80.800.