AUDJPY Neutral Idea
This pair has been mainly bearish on higher timeframes and has held a strong bearish channel until recently.
Last week we saw a break to the upside out of the daily bearish channel followed by some consolidation
Now we are waiting for some conviction so we can better determine where price action is headed.
We have two potential scenarios for this to play out
This 4hour bullish trend continues to push price action higher after a break of minor resistance around 66.50, target toward 68.00
We see this 4hr bullish trend is not strong enough and price action resumes the overall higher timeframe bearish trend. Look for a break of 65.300 followed by a retest with strong bearish setups, target lower toward the monthly support around 64.000
This pair has been mainly bearish on higher timeframes and has held a strong bearish channel until recently.
Last week we saw a break to the upside out of the daily bearish channel followed by some consolidation
Now we are waiting for some conviction so we can better determine where price action is headed.
We have two potential scenarios for this to play out
This 4hour bullish trend continues to push price action higher after a break of minor resistance around 66.50, target toward 68.00
We see this 4hr bullish trend is not strong enough and price action resumes the overall higher timeframe bearish trend. Look for a break of 65.300 followed by a retest with strong bearish setups, target lower toward the monthly support around 64.000
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.