AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking overall bearish on AJ but we are resting at key support near 91.000. From here we need to see a lower high closer to 92.250 to identify a safer short opportunity. We can then re-target 91.000 support.
Trade scenario 2: For us to consider AJ bullish on this timeframe we would need to see a break above 93.000 resistance with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking overall bearish on AJ but we are resting at key support near 91.000. From here we need to see a lower high closer to 92.250 to identify a safer short opportunity. We can then re-target 91.000 support.
Trade scenario 2: For us to consider AJ bullish on this timeframe we would need to see a break above 93.000 resistance with a higher low above.