After the consolidation of AUDJPY within the 90.50 area, we are looking at shorting AUDJPY with an Exit Price of 91.20. It is worth mentioning that the target set for this trade is in the 100 - 120 pips range in our direction, you may want to consider taking profits along the way and partially closing so you can book your profits in.
The SL that we have...
AUD-JPY broke the key horizontal level
Which is now a resistance A head and shoulders pattern has been formed
Which makes me bearish on the pair
After retesting 90.452 areas And I think that it will fall further down
Onto the target level below
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an...
AUDJPY broke and closed below the major structural support level of 0.9000.
It is a classic trend continuation trade.
We are considering selling at 89.500.
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This OB won't held anymore since the price action on 1m TF do not have the confirmation for sell position
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This is Not Financial Advice
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🧅JUST AN OPINION OF THE ONION.🧅
AUDJPY has made lower lows as we predicted before.
Now, the price is continuing to make lower lows.
The AUDJPY has broken through the channel and closed below the resistance level of 92.500.
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AUDJPY is currently testing a significant resistance level 94.000.
That level was tested multiple times, and it's still holding price.
We can see the price being rejected and it might move down to previous support levels.
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AUDJPY - LONGS ACTIVE ✅ sell side liquidity + weekly lows liquidity has been taken out. Expecting bullish price action from this area as we have to fill the bearish imbalances, the price also rejected a D1 bullish orderblock area + retail traders are short on this pair.
Retail herd positions average - 68% short positons = LONG SIGNAL ✅
What do you think ?...
. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
