AUDJPY Bearish idea Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish Trade scenario 1: AJ is looking massively bearish as we just confirmed a lower high at 84.400, rejected the 200 ema , and saw a moving average cross after a rising wedge . Look to target lower toward major support levels. You can even see the bearish volume by the size of the bearish candles presented here. Trade scenario 2: For us to consider AJ bullish price action would need to break back above 84.400 with a higher low above. Then we can comfortably look for long positions.