AUDJPY 4hour Analysis July 10th, 2022
AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are clearly bearish on AJ and it looks like we are going to continue with this bearish trend into the week based on what we can see right now.
Ideally, we spot a strong reversal near 92.850 with price action forming a lower high below. Look to enter short on strong bearish setups after the lower high.
Trade scenario 2: For us to consider AJ bullish again we would need to see a significant higher low above 92.850 with strong bullish setups to enter on.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are clearly bearish on AJ and it looks like we are going to continue with this bearish trend into the week based on what we can see right now.
Ideally, we spot a strong reversal near 92.850 with price action forming a lower high below. Look to enter short on strong bearish setups after the lower high.
Trade scenario 2: For us to consider AJ bullish again we would need to see a significant higher low above 92.850 with strong bullish setups to enter on.
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