AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Ranging
4Hour Trend: Bullish
Trade scenario 1: Overall we are bullish on AJ but we have been seeing a ton of ranging on the daily timeframe and now we can see some choppiness happening here on the 4hour.
The most likely scenario is price action rejecting 95.000 resistance and heading lower.
Trade scenario 2: For us to consider AJ bullish again we need to see a break above 95.000 with a significant higher low above.
Weekly Trend: Bullish
Daily Trend: Ranging
4Hour Trend: Bullish
Trade scenario 1: Overall we are bullish on AJ but we have been seeing a ton of ranging on the daily timeframe and now we can see some choppiness happening here on the 4hour.
The most likely scenario is price action rejecting 95.000 resistance and heading lower.
Trade scenario 2: For us to consider AJ bullish again we need to see a break above 95.000 with a significant higher low above.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.