AUDJPY 4hour Analysis November, 7th 2021
AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: With how strong the recent bearish trend is, it’s likely we'll see price action continue lower to support around 83.250.
We could also see a retest to confirm structure followed by a continuation lower.
Trade scenario 2: For us to consider long opportunities we would need to see a very convincing reversal from 83.250 support or a transition of 85.000.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: With how strong the recent bearish trend is, it’s likely we'll see price action continue lower to support around 83.250.
We could also see a retest to confirm structure followed by a continuation lower.
Trade scenario 2: For us to consider long opportunities we would need to see a very convincing reversal from 83.250 support or a transition of 85.000.