AUDJPY has been travelling in an ascending channel on the daily chart , more visible here Price broke our of this channel to the downside and as shown above on the 4H char, price has been making its way up as a retracement. On its way up it has formed a trendline which has now been broken, indicating that the short trade we expect is coming.....
Since the extremely large drop on the majority of FX pairs, AUDJPY has been climbing up in an ascending channel which is visible on the daily chart. Price has broken out to the downside and has come back up to retest the channel. Our entry is at the 0.618 retracement zone of the previous swing. TARGETS ARE MARKED OUT ON THE CHART. PURPLE LINES ARE SHORT TERM...
Market is ranging Break of the trendline Restesting the trendline Area of resistance TP: 77.501
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Break of the up trend now retesting new found resistance. The last 4 hour candle closed with a heavy wick towards the downside. Depending on this next 4 hour candle close, we'll be able to see if the bears have taken over.
Hi traders, The AUDJPY reversed from a key resistance level and broke out of an ascending trendline and support level. . Currently, the price seems to be building a three-wave ABC zigzag corrective pattern labeled wave 2, and it has the potential to move further lower towards the 75.968 and 75.000 support respectively. . We will wait for the breakout of the blue...
AUDJPY Huge reversal bearish candle on the weekly, respecting the trendline Sell Limit around: 78.7 SL: TP: 76
AUDJPY price action broke out yesterday, i am expecting that this market is likely to be testing the 77.51 area, as short term momentum is weaker, i am looking for shorts here. Trade Safe!
AUDJPY Bearish Gartley on H4!
AUDJPY is currently in a bearish trend on the 4H. It currently has a weak support and we can expect it to drop further as it breaks it's current support/consolidation zone. Trade safe.
Recommend to wait for next candle, could be breakeout and other way last kiss trade.
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
SELL! SL of two candle 1H close above the stop lose on the chart .. Why I make it if two candle close above ? because we have strong resist here so you can wait till AUD test this area or if AUD break down this channel
You Can Also Set own Risk Reward ratio . Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
NICE ENTRY AND EXIT FOR YOU GUYS
AUDJPY could try to test the top again. but if it breaks the blue line down then sell. See previous analysis SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE