AUDJPY is travelling in a descending channel, Price hit the top and price plummeted down and even broke a major support zone marked out with a pinnk rectangle, We are expecting price to come back up to retest this zone before dropping down to touch the bottom of the channel, our first minor target is the -0.27 extension level as we are expecting price to retest...
After price breaking the 77.000 barrier we have fully confirmed that price is on a strong and new bearish trend so right now price is benn in a 4h channel respecting each TL ,so in order to go short im waiting and see how it behaves in the 38% (3rd touch) if daily clsoe below 76.10 ill go short for atleast 50 to 70 pips
SUPPORT LINE BREAKOUT + TRENDLINE BREAKOUT = SELL TO THE NEXT SUPPORT
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
AUDJPY shows an incomplete Elliott Wave sequence from April 17, 2019 high, favoring more downside. The 100% target can reach as low as 75.7 – 76.3. In the chart below, the bounce to 78.94 ended wave 2. Wave 3 is currently unfolding as an Elliott Wave impulse with wave ((i)) of 3 ended at 76.77. The internal of wave ((i)) subdivided as another impulse structure of...
Price of AUDJPY opened with an extremely large gap downwards.While it did it broke below the major support zone, it has started making its way up and we expect price to go up and test the descending trendline at the 0.500 - 0.618 retracement level before dropping down to the -0.27 extension level
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
AUDJPY Price has been travelling in a descending channel marked out in blue and has been consolidating for a few days. Price broke above the area of consolidation and made a black ascending channel to touch the top of the descending channel and while doing so it had a little breakout to the upside of the descending channel before price dropped out of the ascending...
GARTLY FORM ON AUDJPY H1 OUR PREVIOUS SIGNALS NZDJPY BUY AND GBPJPY ARE IN VERY GOOD PROFIT
Price has overall been travelling in a DESCENDING channel, price hit the bottom of the channel and now price has broken above the mini descending trend line it was following quite strongly. we expect price to move down to the descending trend line as it has also formed an ascending channel wile breaking out. We believe price will move up all the way to the top of...
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea ALL OF OUR TRADES AND POSITION UPDATES ARE POSTED TO OUR TELEGRAM AND INSTAGRAM PAGES Trade Telegram: t.me/K2Trades Chat Telegram: t.me/K2TradesChat Instagram: www.instagram.com...
Here i see that AUDJPY does not have enough support to hold the price. I'm planning to enter short with 1:2 risk to reward. I'm going to update this post accordingly. UPDATE: I have entered short. I have changed the stop level as there's a strong resistance. So I have moved my stop a bit above the resistance line. Entry: 79.875 SL: 80.340 - 47 pips TP: 78.915...
according to the wave theory, i think that aud/jpy will be drop at the next week ,and raise after 79.620
0.5 fibbo level at 80.50. sell it to 38.2 level which is at 78.20
In the H4 time frame we see that price has been in consolidation. Price has reached a resistance level/zone and has formed a triple top pattern showing us that there will be a reversal. Target is 77.751
been following this for a while now and its looking good for those following me you would have already caught some profits already. dont miss this one See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE