AUDJPY 4hour Analysis October 3rd, 2021
AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking bearish on AJ as last week didn’t play out much. Both trade paths are still valid and we are still looking for short opportunities first.
Ideally price action reverses from resistance around 80.800 and pushes lower with strong bearish setups we can enter short on.
Trade scenario 2: For us to consider AJ bullish we would need to see a push above 80.800 with a confirmed higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking bearish on AJ as last week didn’t play out much. Both trade paths are still valid and we are still looking for short opportunities first.
Ideally price action reverses from resistance around 80.800 and pushes lower with strong bearish setups we can enter short on.
Trade scenario 2: For us to consider AJ bullish we would need to see a push above 80.800 with a confirmed higher low above.