AUD/JPY looks to break a small key level and continue in the upward trend, where it can potentially break another key level, retest it and go upwards in a potential 200 pips+ Trade.
AUDJPY has bounced from the critical support around 72 and the following factors show us upward continuation: 1. Higher highs & Higher Lows 2. Bullish Hidden under formation on 12H chart 3. Bullish Divergence coming in play on 4h chart Action Plan: Buy once it establishes support above 74.50 with the successful re-test, aiming for the first target at 77 followed...
After reaching the support level of the trend line around 72.5 we had a pullback toward 74 levels, now I can see that we have a short term sell opportunity, however the trend is moving up long term, the 76.xx level is a major resistance level and previously before February 2020 it was the support level of a downtrend, so keep an eye on this level which a...
Test of the horizontal line if a push to the upside occurs then bullish.
My Projections for AUDJPY
Hello Traders!, Hope we've had a good start to the week! On to our mid-week analysis I've come across some AUD strength on 4H & D1 timeframe, so I've been searching for a set-up on the 1H timeframe and see confluence on the AUDJPY pair What Is The Market Telling Us? Market is showing bullish sentiment after 2nd rejection off 74.50 support level 50SMA shows...
BUY @70.442 STOP LOSS @1.86651 TAKE PROFIT @70.917 TRAIL @70.326
Price action continues its strong bullish rally, trading sideways within a rising channel, expecting a pullback to its lower support line from the channel for further uptrend continuation. MACD divergence is also spotted to confirm a possible pullback. A buy-limit entry for a bounce strategy from the 50EMA as the third touch give enough room for the following...
Making higher lows but the same highs, could be setting up for bullish breakout. Long position placed at neckline of triangle to ride the impulse up and capture profits manually before the retest.
the candle already reached strong resistance line at 76.468. TP1 at green line (for the long buy)
After the ascending channel breakout, price action could retest the resistance level of the breakout for further uptrend continuation to the next resistance level. MACD formed a sell signal for confirmation of a possible correction. E/P right at the Fibonacci level S/L: 100 pips - R:R | 1:3.7 - T/P aiming next resistance level.
Looking for Bullish momentum to kick in after it drops pretty hard. I believe The drop will be the fakeout for most retail traders and they will be wiped out once AJ goes up :)
Because I draw some lines here & there and for sure it is a buy,right ?
Hello, here is my analysis for AUDJPY . Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
The Price is approaching it's resistance area. The Price should going down for some pips, so that we create a special trap: BUY LIMIT AREA SL at 71.480 and TP at 73.220. Then Mr Price should be arrived at SELL AREA, we create a trap again, SELL LIMIT AREA SL at 74.060, and TP at 71.480 Have a safe trade, bro..! Salam, Negeri di Atas Awan