AUDJPY 4hour Analysis 5/3/20
AUDJPY Short Idea
Last week we saw a strong 4hour bullish trend and expected that trend to continue up to the 70.000 handle which is our weekly resistance zone
Keep in mind this is just a 4hour trend and that the higher timeframes are primarily bearish
We want to see a break of 67.500 with strong bearish setups playing into the overall higher timeframe bearish trend.
Look to target lower toward 64.750
Last week we saw a strong 4hour bullish trend and expected that trend to continue up to the 70.000 handle which is our weekly resistance zone
Keep in mind this is just a 4hour trend and that the higher timeframes are primarily bearish
We want to see a break of 67.500 with strong bearish setups playing into the overall higher timeframe bearish trend.
Look to target lower toward 64.750
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