AUDJPY 4hour Analysis August 21st, 2022
AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Ranging
4Hour Trend: Bullish
Trade scenario 1: Overall we are bullish on AJ but we have been seeing a ton of ranging on the daily timeframe and now we can see some choppiness happening here on the 4hour.
The most likely scenario is price action rejecting 95.000 resistance and heading lower.
Trade scenario 2: For us to consider AJ bullish again we need to see a break above 95.000 with a significant higher low above.
Weekly Trend: Bullish
Daily Trend: Ranging
4Hour Trend: Bullish
Trade scenario 1: Overall we are bullish on AJ but we have been seeing a ton of ranging on the daily timeframe and now we can see some choppiness happening here on the 4hour.
The most likely scenario is price action rejecting 95.000 resistance and heading lower.
Trade scenario 2: For us to consider AJ bullish again we need to see a break above 95.000 with a significant higher low above.
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