AUDJPY 4hour Analysis January 23rd, 2022
AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are very bearish here on AJ but price action is sitting right at support near 81.500.
Price action will most likely bounce from support to form the next lower high in the channel. Look for short opportunities near 82.400 after a confirmed lower high.
Trade scenario 2: If price action continues falling look for a significant break of 81.500 with a lower high below.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are very bearish here on AJ but price action is sitting right at support near 81.500.
Price action will most likely bounce from support to form the next lower high in the channel. Look for short opportunities near 82.400 after a confirmed lower high.
Trade scenario 2: If price action continues falling look for a significant break of 81.500 with a lower high below.
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