AUD/JPY Trade Idea
Hello and welcome to my Trade Idea of the currency pair AUD/JPY.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is very bearish. The last weeks have been very strong in the direction to the downside.
Weekly: Weekly is very bearish too.
Daily: On the daily timeframe we see that the trend is to the downside and right now there is a little consolidation.
H4: We draw the counter trendline and resistance area on the h4 timeframe.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is very bearish. The last weeks have been very strong in the direction to the downside.
Weekly: Weekly is very bearish too.
Daily: On the daily timeframe we see that the trend is to the downside and right now there is a little consolidation.
H4: We draw the counter trendline and resistance area on the h4 timeframe.
Have a nice day.
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