AUD/JPY has gaped down and the gap has since been a clear resistance. Will be watching the 4H chart for entry. Looking to sell either when (orange) uptrend is broken, or if price goes back up to the gap and rejects from there. Pay attention to the candle sticks! (Dojis, engulfing, hammers, etc) for confirmation! *Bearish set up is invalid if we get a close above the gap.*
Hello everyone I'm coming back so I see the opportunity that AUDJPY will slide down so hopefully you will take this chance RR is 1:2+ as you can see in the picture good luck If you like please follow
Head and shoulders forming. Still a ways away to go for a breakthrough as it is the month view, but a downward channel ending one of the shoulders is a good sign. Do not sell yet unless you believe it’s a good idea
The trend ended up in a very tight corner. The price moved down to the support, and instead of going up and going to form a symmetrical triangle formation, it decided to suicide by dropping below the support line. Now is a matter of how many bounces is going to have during its descent.
Another short opportunity, very similar set up to our NZDJPY trade, same overall down trend on the higher TF's and a small corrective up trend on the 4hr and daily TF's, after breaking the support phase line of the smaller up trend we had another CBO style entry with a solid retest and rejection of the 50 EMA, markets now continuing to reject and fall to the...
4H CHART EXPLANATION: Price has broke the Daily Ascending Channel, and now we are waiting for a retest of the Resistance Zone and then a rejection to confirm the direction. After that, will look for a lower timeframe setup to get involved on this pair. DAILY CHART ANALYSIS:
Hi all, I'll be looking to short AUDJPY once it reaches my orange trend-line. I'll be using a tight SL on this one in case price breaks out of the current tunnel. TP's are shown as green trend-lines. I will also keep an eye out for a reversal especially around my 2nd TP. Always remember to use proper risk management. Enjoy!
AUDJPY Short Idea AJ still has a lot to prove at the current zone to confirm our short idea, however, everything I typically look for is lining up nicely We have a major resistance at the current level and again at 75.000, I’ll be looking for higher timeframe bearish variations for me to gain reason to start dropping timeframes with intent to enter a...
$ can go in either 2 ways it can break the resistance its at. Or it can create an "M" formation (double top) and drop down. Wait for confirmation, and make the move but overall, $ has not dropped below the monthly support (71.103) since 2008, although $ has came down to the support it only touched it and revered its trend. (71.103) has been a strong support for a...
AUDJPY Short Target 72.84 within the next 10 hours
Wait for price to re-test resistance in Bearish zone and look for a reversal pattern on a smaller time frame! Boom your in ride it half way back to the Bullish zone!
Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...