AUDJPY 4hour Analysis July 25th, 2022
AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are extremely bullish on AJ but how price action is acting around our 95.000 zone makes this chart tricky.
Ideally, we reverse near 95.000, as the pair is overextended, and start forming strong bearish characteristics.
Trade scenario 2: For this pair to look very clearly bullish we ideally need to see a clear break above 95.000 with a confirmed higher low above.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are extremely bullish on AJ but how price action is acting around our 95.000 zone makes this chart tricky.
Ideally, we reverse near 95.000, as the pair is overextended, and start forming strong bearish characteristics.
Trade scenario 2: For this pair to look very clearly bullish we ideally need to see a clear break above 95.000 with a confirmed higher low above.
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