Hello and welcome to my Trade Idea of the currency pair AUD/JPY.
Lets start with the Top Down Analysis.
Monthly: Monthly is in a very strong downtrend.
Weekly: We see on the weekly timeframe a powerful bearish momentum too.
Daily: We can recognize on daily a pullback to the upside.
H4: On the h4 timeframe we draw the counter trendline and expect a push to the downside.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: Monthly is in a very strong downtrend.
Weekly: We see on the weekly timeframe a powerful bearish momentum too.
Daily: We can recognize on daily a pullback to the upside.
H4: On the h4 timeframe we draw the counter trendline and expect a push to the downside.
Have a nice day.