AUDJPY 4hour Analysis June 13th, 2021
AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: On higher timeframes AJ has been bullish but on the 4hour we’re seeing that price action has been stuck in a range.
The most likely scenario would be for price action to reverse at support and continue with this range.
Trade scenario 2: For us to consider AJ bearish we would need to see a bearish break of the range with a confirmed lower high below. If this happens look to target lower toward major support levels.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: On higher timeframes AJ has been bullish but on the 4hour we’re seeing that price action has been stuck in a range.
The most likely scenario would be for price action to reverse at support and continue with this range.
Trade scenario 2: For us to consider AJ bearish we would need to see a bearish break of the range with a confirmed lower high below. If this happens look to target lower toward major support levels.
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