AUDJPY Daily Analysis October 4th, 2020 for FX:AUDJPY by ForexLeague — TradingView


AUDJPY Short idea

Weekly Trend: Bearish

Daily Trend: Bearish

Trade scenario 1: Price action continues with the bearish break and forms a lower high below our daily structure. Look to enter short on strong bearish setups, target lower toward key support and negative fib levels.

Trade scenario 2: Price action reverses and breaks through our monthly resistance at 76.500. Look for a confirmed higher low followed by strong bullish setups to enter on.


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