🔸 4H CHART EXPLANATION: . . 🔸Price did a double top pattern at the Resistance Zone. . 🔸It has broken the Ascending Trendline, however, it did not start a bearish move after that. . 🔸 We are waiting for some bearish momentum before considering a bearish trade. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYIS:
Daily Time Frame: Starting on the higher time frames we can see signs of rejection at this area of daily resistance right around 75.000 key psychological zone. 4hr Time Frame: Scaling down we can see price creating multiple tops. If price manages to hold below this daily resistance, then look to sell this down to 74.250 and potentially 72.500. However, if price...
We saw in our private analysis the pair hit the monthly zone and reject strongly. We took a good sell from 75.4 and closed at 73.00 but kept one position open. Onto the cot data: However the Aussie has had orders shorted for the past 13weeks. Long Short Total %Long %Short JPY Avg_13 53,429 27,665 81,094 66% 34% AUD...
Likes and comments if you want more trading setup. Thank you! Visit our channel! SL: 76.899 The price has reached strong resistance. In 4H and 1H chart we have rejections confirming the sell.
Potential pullback on the AUD after extended bullish gains & economic updates from Australia revealing economic growth is the weakest since 2009. RSI revealing AUD is extremely overbought. Watching closely on 1H & 15M TF short position setups between 75-74.5.
Capped at fibonacci with a potential head and shoulders pattern, the price needs to return back to it's smoothed moving averages. With the current riots and negative economics surrounding the US Dollar this week, this may be a case of JPY picking up speed for safe haven.... Enjoy!
Dear traders aud/jpy is moving inside a channel and it has shown signs of rejection so short it. target-point:1.70100 stop-loss:if it closes a 4 hour candle above the broken fibo level close the trade. if you liked my idea like it and push follow button.
We wait patiently for a complete move up to about 70.170 We carefully pick a rejection around that zone and sell Apply proper money management
AUDJPY has been in an uptrend but now I am starting to see some possible divergence and could break the trendline on the 4H Chart and continue to fall to the downside.
SL: 70.260 Initial TP: 68.520
Short idea place your own stop loss etc as per risk management on your account
🔸 DAILY CHART EXPLANATION: . . 🔸 Price made a Strong Downside Move since the beggining of the year, which has been corrected for the last weeks. . 🔸 Now, it is facing the confluence zone between the Descending Trendline and the Resistance Zone. . 🔸 We consider there is Bearish Potential from here. . 🔸 Will look for a lower timeframe bearish setup. 🔸4H CHART...
Here we can see a lovely harmonic pattern formation, now I am looking to swing this all the way down to the 68.00 level. A risk/reward ratio of 1:3.5 which we should get some good gains out of. Let me know your thoughts below!
Hello Traders In this round of AUDJPY we look at a bearish flag, rising wedge or. whatever you may call it. I'm calling it easy money. In my opinion the trend. has started, the wedge is broken and a sell is in play. Will be updating during the week if required or. requested. Follow me for updates during the week and join the discussions on Telegram with...