Kishore
Long

AUDJPY CHANNEL SUPPORT REACHED

FX:AUDJPY   Australian Dollar/Japanese Yen
587 3 19
MARKET ANALYSIS: The pair is now trading inside a channel now. If the channel support holds we can expect a upward move to the next possible channel resistance. Mean while there is support under the channel support. If channel breaks the market can get a support hold and can rally up to the next possible resistance level .

P.S: It's not necessary that the market need retrace then go for a uptrend it may go aggressively too. So use trading methods to benefit ur             need. Cheers!
Trade active: volatility started.
snapshot
Trade active: Near targets
snapshot
Thanks for your great analysis!
Here is my view on AUD/JPY if you are interested:

Strong selling activity from 87.50 shows that strong sellers are present and that the long uptrend is now over. The market will be probably in wider rotation now and I will go short from 86.61 because this place was the beginning of the sell-off that started 2016-12-15.

If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
AUD/JPY swing based on Market Profile and Price Action
Reply
sell breakdown AUDJPY

Have a completely different perspective on this pair
Reply
In my opinion it is more likely for this currency to behave like this https://en.consiliuminvest.com/ideas?idea=3671-bullish-wedge
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out