As you can see there is a Bearish Divergence with MACD which is the sign of trend reversal, followed by Hidden Bearish Divergence which can be interpreted as the Bearish Trend Continuation
the price may have retracement to the Fibonacci Golden zone which is between the 50% to 61.8% and then starts its impulsive wave if these support level stands and Bunces the...
Welcome to our Trade Setups - April 06th ( AUDJPY ) !
ENTRY LEVEL @ 84.194
SL @ 84.827
TP @ 82.298
Max Risk: 1% - 3%!
Risk/Reward Ratio: 3
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AudJpy was in a strong uptrend since the beginning of November, now the pair is confirming the up-trendline break and is looking to form ann H&S.
A strong correction can follow from this point and the pair could drop to 80 zone.
Interim support is at 82.
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AUD/JPY (H1 Timeframe)
A high probability, to go LONG formed @ 84.517 after the market found support @ 84.422, Only the downward break of 84.422 would cancel this bullish scenario.
Stop loss: 84.422
Take profit 1: 84.959
Take profit 2: 85.295
Take profit 3: 85.843
Strategy: Bullish wave-LLTF
As we can see
Audjpy just making lower high and stuck at fibo 0.618 @4H timeframe
so if we breakdown to lower timeframe we can see beautiful pattern such as Friendline pattern and Bearish flag very clear
and i expect audjpy will drop to support zone approximately 420 pips @79.246
this trade high probability
if you guys follow my set up
watch your RISK
If you’re following my analysis, maybe maybe you guys are already bored with this, .. and I don't know how many times I've said it,.. but I want to say it once more,.. just be careful,.. the direction is starting to shift now,.. We are already seeing some nice shifting of direction these past 2 days and I’m expecting this to continue for a very long term.