AUDJPY 4hour Analysis August 7th, 2022
AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are clearly bearish on the 4hour timeframe with a good amount of volume present.
We want to continue bearish so ideally we see this double top form and price action starts to fall. Look for a confirmed lower high below our 93.000 zone for short entries.
Trade scenario 2: AJ has to prove a lot for us to see this pair as more bullish so until our 95.000 zone is broken we will remain mainly bearish on this timeframe.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are clearly bearish on the 4hour timeframe with a good amount of volume present.
We want to continue bearish so ideally we see this double top form and price action starts to fall. Look for a confirmed lower high below our 93.000 zone for short entries.
Trade scenario 2: AJ has to prove a lot for us to see this pair as more bullish so until our 95.000 zone is broken we will remain mainly bearish on this timeframe.
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