AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still technically bearish on AU although we are seeing a large retrace to our 93.000 resistance zone.
Going into this week we are looking for reactions around 93.000, either a break or bounce of the zone. For us to remain bearish we want to see convincing rejection with strong bearish variations to enter short on.
Trade scenario 2: If we see a break above 93.000 resistance we will be looking more bullish for the coming week.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still technically bearish on AU although we are seeing a large retrace to our 93.000 resistance zone.
Going into this week we are looking for reactions around 93.000, either a break or bounce of the zone. For us to remain bearish we want to see convincing rejection with strong bearish variations to enter short on.
Trade scenario 2: If we see a break above 93.000 resistance we will be looking more bullish for the coming week.