AUDJPY 4hour Analysis November 28th, 2021
AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish on AJ overall. We recently saw price action hit a new low and is now pulling back to ideally form structure.
Look for reversals near our 38.2% fib level and 61.8%.
Trade scenario 2: For us to consider AJ bullish we would need to see a push above 83.250 with a confirmed higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish on AJ overall. We recently saw price action hit a new low and is now pulling back to ideally form structure.
Look for reversals near our 38.2% fib level and 61.8%.
Trade scenario 2: For us to consider AJ bullish we would need to see a push above 83.250 with a confirmed higher low above.