AUDJPY Short idea
Weekly Trend: Bearish
Daily Trend: Bearish
Trade scenario 1: Price action continues with the bearish break and forms a lower high below our daily structure. Look to enter short on strong bearish setups, target lower toward key support and negative fib levels.
Trade scenario 2: Price action reverses and breaks through our monthly resistance at 76.500. Look for a confirmed higher low followed by strong bullish setups to enter on.
Weekly Trend: Bearish
Daily Trend: Bearish
Trade scenario 1: Price action continues with the bearish break and forms a lower high below our daily structure. Look to enter short on strong bearish setups, target lower toward key support and negative fib levels.
Trade scenario 2: Price action reverses and breaks through our monthly resistance at 76.500. Look for a confirmed higher low followed by strong bullish setups to enter on.
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.
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.