AUDJPY 4hour Analysis November 8th, 2020
AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action forms a higher low at our 75.000 handle and gives us strong bullish setups. Enter on a strong bullish setup & break of the resisting trendline. Target higher toward 76.000
Trade scenario 2: Price action goes bearish. Look for a lower high to form below 75.000 with strong bearish setups. Target lower toward our weekly level at 74.000
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action forms a higher low at our 75.000 handle and gives us strong bullish setups. Enter on a strong bullish setup & break of the resisting trendline. Target higher toward 76.000
Trade scenario 2: Price action goes bearish. Look for a lower high to form below 75.000 with strong bearish setups. Target lower toward our weekly level at 74.000