AUDJPY 4hour Analysis February 20th, 2022
AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is back to bearish! We are seeing a nice reversal from 83.250 resistance and our next move is to enter short on the next structure forming lower high.
Look to target lower toward 81.500 support
Trade scenario 2: For us to consider AJ bullish again we need to see a break of resistance around 83.250 with a confirmed higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is back to bearish! We are seeing a nice reversal from 83.250 resistance and our next move is to enter short on the next structure forming lower high.
Look to target lower toward 81.500 support
Trade scenario 2: For us to consider AJ bullish again we need to see a break of resistance around 83.250 with a confirmed higher low above.