AUDJPY 4hour Analysis January 16th, 2022
AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: On the daily timeframe we are looking pretty bullish but the 4hour timeframe is looking bearish and we have some room to fall here.
Ideally, we see price action form a lower high near 83.250 resistance and we can target lower toward 81.500 support. Look to enter short on confirming bearish candlestick setups.
Trade scenario 2: For us to consider AJ bullish we would need to see a break of 83.250 with a higher low above. Look to target higher toward 85.000 resistance.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: On the daily timeframe we are looking pretty bullish but the 4hour timeframe is looking bearish and we have some room to fall here.
Ideally, we see price action form a lower high near 83.250 resistance and we can target lower toward 81.500 support. Look to enter short on confirming bearish candlestick setups.
Trade scenario 2: For us to consider AJ bullish we would need to see a break of 83.250 with a higher low above. Look to target higher toward 85.000 resistance.
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