AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish on AJ and it looks like we will continue with this trend through the week.
Ideally price action confirms below 93.000 and forms a lower high we can consider entering short on. If this happens look to target toward our -27% fib level & 91.000 support.
Trade scenario 2: For us to consider AJ more bullish we would first need to see a break back above 93.000 with bullish setups in the range.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish on AJ and it looks like we will continue with this trend through the week.
Ideally price action confirms below 93.000 and forms a lower high we can consider entering short on. If this happens look to target toward our -27% fib level & 91.000 support.
Trade scenario 2: For us to consider AJ more bullish we would first need to see a break back above 93.000 with bullish setups in the range.