AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Currently AJ is in a steep downtrend and it will be hard to catch falling price action.
Ideally, we will look for a retest of 95.000 resistance with convincing bearish variations to enter short on. Look to target lower toward 93.000 support.
Trade scenario 2: If we are to consider AJ bullish we would first need to see a break above 95.000 resistance with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Currently AJ is in a steep downtrend and it will be hard to catch falling price action.
Ideally, we will look for a retest of 95.000 resistance with convincing bearish variations to enter short on. Look to target lower toward 93.000 support.
Trade scenario 2: If we are to consider AJ bullish we would first need to see a break above 95.000 resistance with a higher low above.