AUDJPY 4hour Analysis April 24th, 2022
AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: This pair is extremely over extended and the daily timeframe shows that best.
We are on the 4hour timeframe on this analysis to showcase the potential for this week.
Ideally, price action continues in this steep bearish trend and falls to 91.000 for structure formation. We can then consider long scenarios if we see a 4hour bullish trend emerge.
Trade scenario 2: I would not consider long scenarios on this pair yet but we could see price action reject off 92.850 support and consolidate some more.
This pair is due for a pullback so we have to be careful where we consider long scenarios.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: This pair is extremely over extended and the daily timeframe shows that best.
We are on the 4hour timeframe on this analysis to showcase the potential for this week.
Ideally, price action continues in this steep bearish trend and falls to 91.000 for structure formation. We can then consider long scenarios if we see a 4hour bullish trend emerge.
Trade scenario 2: I would not consider long scenarios on this pair yet but we could see price action reject off 92.850 support and consolidate some more.
This pair is due for a pullback so we have to be careful where we consider long scenarios.
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