ForexLeague

AUDJPY 4hour Analysis November 21st, 2021

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

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

Trade scenario 1: For now it looks like price action will continue to fall but for us to spot a potential long opportunity we need to see a strong reversal around 81.500 support.

Trade scenario 2: If we’re to continue bearish we need to spot some lower highs below 81.500.

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.