I expect JPY pairs to correct across the board soon, most of them are very oversold. On this pair RSI is very high even on weekly timeframe, same goes for CAD, EUR, and GBP to JPY. All these pairs are at resistance levels, GBP/JPY is actually surpassing the resistance level as well so that is further reason to see a pullback. I am not entering shorts personally...
Long AUDJPY @ 83.23 TP: 85.00 SL: 82.90 Ive decided to go long AUDJPY as the Aussie has been better bid of late and there has been some nice consolidation around this level which will act as support for the trade (around 83.00 level) as well as fibbo support around this level too. US dollar is very week at the moment and therefore AUDUSD should continue to grind...
AUDJPY 5m demand setuup, final targets upwards of 86. close to over 50:1
AUDJPY PRICE REACHED WEEKLY RESISTANCE ZONE..THERE IS POSSIBLE PRICE CAN MOVE DOWNWARDS..... AND BELOW THAT THERE IS FRESH DAY LEVEL SUPPORT ZONE..PRICE CAN MOVE UPWARDS...THEN GO LONG.. IF IT FAILS TO MOVE LONG THEN GO SHORT BELOW TO THAT ZONE..
This is another trade that hit TP and I was waiting for a retrace for another chance to enter again. It seems to be breaking higher now without much of a retrace so we can monitor this for if and when it retraces back to this support. Once it turns back and then rebounds a long can be entered with a target of 83.928. SL just below the support area.
Had an excellent trade on this in my previous post, closed at TP 1. Now want to see this retrace to at least 0.382 Fibonacci to re-enter a long position with the target being TP 2 at 83.928.
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have a impulse correction and continuation pattern and we do expect the correction to the downside before the continuation to the upside or the price will continue it's impulse until the next long target . Weekly : We also have an overextended "W"...
Like the title says. The Hourly
As clear as possible chart, weekly resistance broken, as we were waiting for pull back ready to put pending order, jump in strong trend. there is a possibility we exit earlier than take profit, which for me TP is open. 1/3 R:R Lets see how fast it goes .. GOODLUCK !!!
This has broken above the previous high and is now retracing back to test it as a support. A long can be entered here if we see the rejection. MACD and EMA's are bullish, especially on the daily timeframe. I have set 2 take profit targets, I originally was only looking to reach TP 2 but that could be too ambitious and who knows what can change in the time it would...
Two important pattern, EMA and also RSI show that price must go down in future hours.
After a full month into consolidation, trading in a descending channel, the AUDJY pair managed last Friday to finally broke the resistance level. Price after reaching the resistance level, a pullback is expected towards the "--" or either a better entry at the "...' line - Both are Fib levels. Levels entries could potentially set an R:R - 1:4 -- *** If you like...
After a first leg down of 150 pips, AudJpy has recovered and now is trading again above 80 important figure. The rise from 79.50 is in a rising wedge though, indicating a lack of impulse. A break under the support line of this wedge could be a confirmation of a new leg down and such a trade can have a great 1:4 risk: reward ratio.
As we can see a clear breakout of its previous trendline since 1st of November 2020. So now we suspect a test of its Trendline before a clear FALL
AudJpy has broken the confluence support yesterday and dropped to a local low around 79.50 zone. A correction followed and what, at this point, could be a confirmation for this break. I expect a new leg down from this pair and I maintain my bearish outlook and 77 target as long as the pair is under 81
AUDJPY, we can see clearly the breakout and the retest of this pair.. Price action tells further advance!
Since the beginning of November, AudJpy has risen 800 pips (more than 10%) and, as we can see from the chart, it almost has no correction. I think things are about to change and the pair will dive. From the technical point of view, AudJpy made a small double top after it passed above 80 and the Friday close found the pair just in confluence support of the...
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