AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is currently in a strong bearish channel and looks like it’s going to continue within this channel for a little while longer.
Ideally, we can spot a lower high just below 81.500 resistance then we can follow price action down toward lower support levels.
Trade scenario 2: If we see a bullish break of 81.500 resistance, look for a higher low above before considering buy opportunities.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is currently in a strong bearish channel and looks like it’s going to continue within this channel for a little while longer.
Ideally, we can spot a lower high just below 81.500 resistance then we can follow price action down toward lower support levels.
Trade scenario 2: If we see a bullish break of 81.500 resistance, look for a higher low above before considering buy opportunities.