Hello and welcome to my Trade Idea of the currency pair AUD/JPY.
Lets start with the Top Down Analysis.
Monthly: The monthly view is bearish.
Weekly: The weekly timeframe shows a downtrend as well, and now we're looking for short trades.
Daily: We see a smaller correction of the long downtrend, and search for entrys.
H4: We spot a counter trendline. On this timeframe we will find the entry point. We still have to see if the price will break the counter trendline. I'll keep you up to date as usual.
Lets start with the Top Down Analysis.
Monthly: The monthly view is bearish.
Weekly: The weekly timeframe shows a downtrend as well, and now we're looking for short trades.
Daily: We see a smaller correction of the long downtrend, and search for entrys.
H4: We spot a counter trendline. On this timeframe we will find the entry point. We still have to see if the price will break the counter trendline. I'll keep you up to date as usual.