• The price has good volumetric support. And after a short correction, price can continue to move up.
• Zones 85 to 84.2 is a very important area in terms of trading volume,
if this area is broken down, it is very likely that our order will be activated.
Price has retraced to the bottom of the channel. I am now waiting for a bullish candle to form for AUDJPY on the 1H chart.
Approximates Entries, Targets and Stops.
Enter above: 85.5 or 85.66
T1: 86.07
T2: 86.49
SL: 85.25
OANDA:AUDJPY
I am look at 2 possible entries here.
If AUDJPY breaks above the high I will enter for T1 of ~11 pips and T2 of ~23 pips.
I will also be watching for AUDJPY to retrace to the bottom of the channel for an entry as well.
Approximates Entries, Targets and Stops.
Enter above: 85.55
T1: 85.67
T2: 85.78
SL: 85.4
After a big impulsive move to resistance we can start looking for short opportunities for the week ahead, I am currently marking up the key levels to look out for
I will be looking on a lower timeframe to enter a short position to the most recent support area
Hello traders,
AUDUSD has made its new trend up by making a double bottom on wkly chart.
Our last trade on this pair finished one trip.
Find a new one today on 1h or 30m chart during NY session.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
TARGET:0.752-0.7560
Your Real Entry Position Will Make Different RR for Your Trade.
Good luck!
LESS IS MORE!
And...
Hello traders,
AUDJPY is still on our buying list without question.
BUY WITH STOP LOSS LOWER 85.00
THAN RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
TARGET:84-85.5
Your Real Entry Position Will Make Different RR for Your Trade.
Good luck!
LESS IS MORE!
Price has found support at 81.50 and pushing higher past 82.00. Just reached a supply area and is currently pushing through.
Looking to see what happens around 82.25-50 Possible rejection.
if not then pushing higher to 82.75 area.
AUDJPY has started bullish move after double bottom pattern was formed. We can see a bounce to the upside as the price is having a positive momentum. We should be getting close to first TP at 83.75-84.00 zone. If the first target is reached and the price makes a daily close above that zone, we will be moving towards the final TP at 85.80 zone. Bullish continuation...
Moving lower, price was corrective this means price was getting exhausted and preparing to move bullish. Price already broke out the pattern, entering now would be good.
If you like this idea, like it and follow me for more.
Colour key: Pink = weekly, Grey = daily
I've drawn out several supply and demand zones from the weekly timeframe, as week as key levels from the daily timeframe.
I held a nice 180 pip short last week but i expect to see price have a correction and continue to go up. I've also taken DXM and interest rates into...
In my previous forecast, Long is preferable than Short.
But AUDJPY expand it's Complex Correction.
We would wait for Wave (Z) completion for Long.
Good Luck.
