AUDJPY testing 1st resistance , further drop expected ! AUDJPY is testing 1st resistance, where the 38% and 62% fib retracement are, we are likely to see a reversal from here !
Aud-jpy
AUDJPY approaching 1st support, further bounce expected !
AUDJPY is approaching 1st support where the horizontal pullback support ,50% fib retracement and 61.8% fib extension are. Stochastics also show that price is reaching support.
AUDJPY Trendlines and 200MAAUDJPY seems to have come up to a level of resistance that it has to get through. one can also see that it has respected the 200MA that seems to have turned into resistance. If we make it up closer to the 200MA id use it as a level to short around for a good Risk/Reward
AUD/JPY Bouncing at the Weekly Channel🔸 WEEKLY CHART EXPLANATION:
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🔸On the Weekly Timeframe, we can observe that price has been moving on a Descending Channel since 2015.
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🔸Now, it has bounced at the upper trendline, making a lower high.
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🔸We consider that this pair has potential to make a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
AUDJPY testing sell entry , further drop expected !AUDJPY is testing the descending trendline and the sell entry , further drop expected !
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
AUDJPY reversing from 1st resistance, further drop expected!
Description :
AUDJPY reversing from 1st resistance where the horizontal swing high ,78.6% fib retracement and 78.6% fib extension are. Stochastics also show that price is reaching resistance.
Trading Recommendation
Entry: 75.867
Reason for Entry:
horizontal swing high ,78% fib retracement and 78.6% fib extension
Take Profit: 75.296
Reason for Take Profit:
61.8% fib retracement
Stop Loss: 76.416
Reason for Stop Loss:
127% fib retracement
AUDJPY is approaching resistance, potential reversal |5 Oct 2020Price is approaching key resistance where we could see a reversal below this level.
AUDJPY is approaching resistance, potential reversal |5 Oct 2020Price is approaching key resistance where we could see a reversal below this level.
AUDJPY Daily Analysis October 4th, 2020AUDJPY 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.
AUDJPY can test the monthly support? 🦐AUDJPY on the daily chart hit the ema and turn back for a possible new bearish leg.
On the 4h chart the price hit the 0.786 fib retracement over a daily resistance.
IF the price will manage to break and close below the 4h structure we can set a nice short order according to Plancton strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
AUDJPY testing 1st resistance , further drop expected ! AUDJPY broke blow the 50% fib retracement where we see as a downside confirmation. A further downside could be opened from here towards 1st support. MACD is also showing signs of bearishness.
AUDJPY reversing from 1st resistance , further drop expected! AUDJPY is reversing from 1st resistance , further drop expected!
AUDJPY testing sell entry , further drop expected ! AUDJPY is testing the descending trendline and the sell entry , further drop expected !
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
AUDJPY pulling back to the trendline, potential for a bounce !AUDJPY is pulling back to the ascending trendline and 1st support where the 61.8% fib retracement is.
Price could bounce there towards our 1st resistance. Ichimoku also indicates that further upside could be seen from here.
WAVE 4 TARGETSWAVE 3 ENDED AT 1.618 FIB LEVEL. WAVE 4 STARTED. TARGETS ARE 75.39 AND 76.28. SEE CHART.
AUDJPY Double BottomDouble bottom confirmed, out of RSI oversold condition
Bulls wait for retest
Watch equities for a drop
