AUDJPY 4hour Analysis September 19th, 2021
AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is also looking very bearish and had some nice movement last week.
At the current level it looks like price action formed a pattern and is now continuing. This is an area where entry signals are present and there could be a decent trade here.
We will look to target lower toward support around 79.000. Other entries would include confirmed lower highs on our way down.
Trade scenario 2: For us to consider AJ bullish we would first need to see a 4hour transition and a break above 80.800 with higher lows above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is also looking very bearish and had some nice movement last week.
At the current level it looks like price action formed a pattern and is now continuing. This is an area where entry signals are present and there could be a decent trade here.
We will look to target lower toward support around 79.000. Other entries would include confirmed lower highs on our way down.
Trade scenario 2: For us to consider AJ bullish we would first need to see a 4hour transition and a break above 80.800 with higher lows above.