AUDJPY 4hour Analysis May 23rd, 2021
AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: All timeframes above the 4hour have been bullish for a while. We can see price action just formed a 4hr lower high and is showing bearish conviction. Look to enter on more bearish setups and potentially a retest of recently broken support near 84.400. Target lower toward our next key support level near 83.250.
Trade scenario 2: For us to consider AJ bullish again we need to see a break and retest of our 84.700 level ideally. Look to enter long after we can confirm a higher low above this level.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: All timeframes above the 4hour have been bullish for a while. We can see price action just formed a 4hr lower high and is showing bearish conviction. Look to enter on more bearish setups and potentially a retest of recently broken support near 84.400. Target lower toward our next key support level near 83.250.
Trade scenario 2: For us to consider AJ bullish again we need to see a break and retest of our 84.700 level ideally. Look to enter long after we can confirm a higher low above this level.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.