AUDJPY 4hour Analysis December 12th, 2021
AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Still looking very bearish here on AJ although we did see a massive pullback to our 81.500 resistance level.
From here we’re looking for a strong reversal with bearish setups to enter short on. Look to enter short on lower highs below 80.400 as well.
Trade scenario 2: For us to consider AJ bullish we need to see a higher low above 81.500 with strong bullish setups to enter on.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Still looking very bearish here on AJ although we did see a massive pullback to our 81.500 resistance level.
From here we’re looking for a strong reversal with bearish setups to enter short on. Look to enter short on lower highs below 80.400 as well.
Trade scenario 2: For us to consider AJ bullish we need to see a higher low above 81.500 with strong bullish setups to enter on.
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