AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are looking at some serious consolidation on the daily timeframe however, we are holding at a high so overall we are bullish.
The 4hour is telling us a different story where price action looks like it is ready to fall a bit.
Going into this week we’re simply looking for reactions at our 93.750 zone.
Look for a lower high below 93.750 to confirm downside movement. Target toward 93.000.
Trade scenario 2: If we are to consider long opportunities we would like to see a clear break above 93.750 with convincing bullish variations to enter long on.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are looking at some serious consolidation on the daily timeframe however, we are holding at a high so overall we are bullish.
The 4hour is telling us a different story where price action looks like it is ready to fall a bit.
Going into this week we’re simply looking for reactions at our 93.750 zone.
Look for a lower high below 93.750 to confirm downside movement. Target toward 93.000.
Trade scenario 2: If we are to consider long opportunities we would like to see a clear break above 93.750 with convincing bullish variations to enter long on.
