AUDJPY 4hour Analysis November 14th 2021

200
AUDJPY Bearish idea

Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish

Trade scenario 1: Looking very bearish here on AJ. Currently we’re seeing a bit of consolidation near 83.250 support but we’re going to play the trend.

Ideally, price action presents a lower high below 83.250 for us to enter short on.

Trade scenario 2: For us to consider AJ bullish we need to see a transition on this 4hour timeframe with a strong higher low.

Look to enter long and target higher toward 85.000 resistance.

Feragatname

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