AUDJPY 4hour Analysis November 20th, 2022
AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are still consolidating on higher timeframes on AJ but overall we are bullish.
Going into this week we are looking fo reactions from our 93.000 zone.
Ideally, price action breaks below 93.000 and forms a lower high we can confidently enter short on.
Trade scenario 2: The other likely scenario is price action bouncing off 93.000. I personally would not trade this but on lower timeframes a nice short term bullish trend could present itself.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are still consolidating on higher timeframes on AJ but overall we are bullish.
Going into this week we are looking fo reactions from our 93.000 zone.
Ideally, price action breaks below 93.000 and forms a lower high we can confidently enter short on.
Trade scenario 2: The other likely scenario is price action bouncing off 93.000. I personally would not trade this but on lower timeframes a nice short term bullish trend could present itself.
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