Expected to go down to 85.20 before moving up TP 1: 85.65 TP 2: 85.20 Let's see ...
There is a downtrend. Set Entry price - 85.774, TP - 85.366, SL - 86.174
It might look like a 3TAP, but the last two taps happened within a week, so they are falls as individual taps. Volume on the last two taps did not break new highs, so support for breaking out long over 86.917 is weak. It's on my radar this week thinking it might go short soon.
Audjpy near trendline, Watch for market movements around here. In daily there is a possible breakout. Moreover we have AUD CPI (QoQ) (Q4) AUD CPI (YoY) (Q4) Data on Wednesday 4:30 GMT +4 A reversal is more in consideration on news actual Data.
Hey guys, i like building a case for entry every time i need to enter a trade. It helps me feeling comfortable taking the risk. Now i'll explain why i'm selling audjpy 0.13% right now. First, we have daily structure (blue box). Second, the Cypher pattern has just been triggered. In addition to that you can look at RSI which is deeply overbought. Price is also...
DOUBLE TOP FORMATION CLEARLY SO I AM HEADING FOR SELL TP@81.500 LONG TERM
Analysis And Research We Expect that if Aud/jpy crosses lower trend line then we will be happy to go short from that point unless right now it is in consolidation zone and lots of noise we can see onto this zone . We will let it pass through all noise then we are gonna short it straight towards take profits @ Flag.
Short AUDJPY and the trend line is now broken in both H4 and H1 and wedge formation is a perfect and nice risk-reward ratio opportunity! Sell entry 85.35 stoploss 85.60 takeprofit 84.90 TP 1 83.80 GOOD LUCK INSHALLAH
Hey guys, second analysis today, here on audjpy we can see we are testing a former resistance level. At this point price gave us a long wick to the top candle (selling pressure) followed by an engulfing candle. All seasoned with RSI Divergence. That's enough for me to trade. Currently i'm waiting for a pullback in order to enter short. First target at roughly 1:1...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Note: AUD/JPY didn't follow what we plan last week, so we didn't trade this pair. Now, we are bearish on this pair. There are 3 trading plans for this trade: 1. Wait for price correction near the resistance zone near 86.2x level, followed by a bearish signal to short. We can short with right risk amount. But the chance of the price correction to this level...
So based on my trading strategy I created, I saw AUDJPY being rejected by the average price and it was in a nice steady downtrend. As it tried to rise, it was not strong enough so I sold thinking it would be small but it was way heavier than expected
The rising wedge, is one of the most popular, but difficult consolidation correction pattern formation. Rising wedge formations are identified using two up-sloping trendline. In the case of AUDJPY it is in the developing as well. Multiple touches on both sides of the trendline is visible. Right now, we are following this pair and expecting a breakdown, which...