AUDJPY has rallied strongly and reached the previous high yesterday. However, it is possible that there could be a reversal in this area. So, watch for bearish price action and sell with 75.50 as TP1 and 74 as TP2. SL can be put at 77.20 The above set-up will be invalid if price closes above the resistance level.
7-week hold resistance being tested for 5th time - breakout coming?
Clear bullish momentum + ascending triangle pattern could signify push to the upside.
Currently, AUD/JPY is trading at 75.97. The pair started a new up trend after breaking the resistance level at 75.07. Previously, the price was trading in an ascending triangle pattern. The pair has already started a new up trend by breaking the resistance level, so its first target price is at 75.98 and the second target price is at 76.54. The price has already...
- Higher highs and higher lows - Pullback to the ascending trendline which lines up with the 0.382 FIB - Also lines up with the 1 hourly 50MA - Previous resistance has turned into support
FX:AUDJPY We can see that the pair is in a very bullish position so it is better to trade in the long direction. wait for the price to retest then gather some confirmation before going long. Note that if price breaks the trendline then it will go short.
AUDJPY - See a pennant structure forming here. Will be waiting for a breakout of this pattern before entering a position. Currently near a strong hourly, and 4 hourly resistance level as well, so if we break upside, and break above the resistance we can look to add more positions.
price holding 100 EMA and ichimoku support looks good buy need to breakout from triangle let's see which side this one will breakout after breakout we will enter into this trade
We are waiting for price to break out of our marked resistance. We'll be waiting for a retest for buy entries.
Although price didn't reach the T/P level forecasted, it went under bearish momentum, finding some rejection from the ascending channel support line for an uptrend movement. Now expecting a retest of the critical support zone allows the setup of a long entry with the following characteristics. The order: Type: buy-limit S/L: 20 pips - R:R | 1:2 - T/P: previous...
- Higher highs and higher lows - Pullback to the ascending trendline which lines up with the 0.382 FIB and 50MA - Rejection of this would also line up with 1HR 200MA
AUDJPY expected to rise up to 1st resistance at 74.579 where it could potentially react off and drop down to 1st support at 73.854. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Good day, snipers. Here in the AUD/JPY, I really believe that the Yen has a strong potential to climb higher, specially when Australia has 5 million people back in lockdown, so I am expecting a downfall to the AUD. In technical terms, price seems to respect the short term support and the 38.2 Fib Level, and also bounces off the long term support found in the...
AUDJPY Long after correction. Lets see the power of the Trend
Same as GBPJPY. Wait for drawdown and test then go long. RR ration and MManagement first!