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...
This post is for analysis purpose. Please trade carefully.
Hi traders, today i want to show you an opportunity that seems very yummy. AUDJPY is now retesting an old and strong daily structure level, and this level also lines up with a trend line (in blue, you can see zooming out the chart) that held for two years now. Having this reasons, i'm going to pay attention to this pair, trying to find a shorting opportunity in...
AFTER A CONSOLIDATION PRICE SHOULD HIT THE 77.963 LEVEL AND RESISTANCE TREND LINE. PRICE SHOULD FALL TO 75.361 LEVEL. PLACE A BUY AT 75.361. STOP LOSS 73.472.
If the price breaks the channel at 79.105 expect it to go down to "Support Level" at 78.943.It may continue going down, but the price could retrace off the "Support Level"and retrace off the previous channel.But if the price breaks the channel at 79.365 excpect price to continue on an uptrend,But the price could also retract off the channel and go back down to the...
AUDJPY has been trading in this descending channel on the weekly and daily charts for some time now. This trade maps out some potential opportunities within the channel. Recently, market broke minor trend, and support level at 84.00. Target 1 above 80.00 level (a key mental number) which also coincides with recent and distant key support levels. A potential Target...