AUDJPY 4hour Analysis December 19th, 2021
AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still overall bearish although we are getting some ugly looking price action. The large volume fakeout is the most obvious.
Ideally, price action continues to push lower with structure forming lower highs to enter short on.
Trade scenario 2: For us to consider AJ bullish we would need to see a higher low above 81.500
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still overall bearish although we are getting some ugly looking price action. The large volume fakeout is the most obvious.
Ideally, price action continues to push lower with structure forming lower highs to enter short on.
Trade scenario 2: For us to consider AJ bullish we would need to see a higher low above 81.500
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