AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall AJ is bullish on higher timeframes but we recently have been seeing some strong 4hour bearish volume.
Going into this week we’re looking to see if this 4hour bearish trend continues. For this to happen we need to see a break of 93.000 support with a lower high below.
Trade scenario 2: The other likely scenario is price action bouncing from 93.000 and continuing to range.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall AJ is bullish on higher timeframes but we recently have been seeing some strong 4hour bearish volume.
Going into this week we’re looking to see if this 4hour bearish trend continues. For this to happen we need to see a break of 93.000 support with a lower high below.
Trade scenario 2: The other likely scenario is price action bouncing from 93.000 and continuing to range.