AUDJPY 4hour Analysis January 9th, 2022
AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are a bit over extended here on AJ and it looks like it could be ready to pullback to a lower support level.
We’re consolidating nicely just below 83.250 but we need to see some conviction to confirm more downward movement.
Look for strong bearish candles below 83.250 and target toward 81.500 support.
Trade scenario 2: For us to clearly see AJ as bullish we need to see a higher low above 83.250.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are a bit over extended here on AJ and it looks like it could be ready to pullback to a lower support level.
We’re consolidating nicely just below 83.250 but we need to see some conviction to confirm more downward movement.
Look for strong bearish candles below 83.250 and target toward 81.500 support.
Trade scenario 2: For us to clearly see AJ as bullish we need to see a higher low above 83.250.
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