-After price began a sell off over 4 days and closed as a reversal candle stick on the daily, a bullish retracement was expected.
-I expect price to attempt another bullish push before ultimately respecting the Supply/resistance zone and selling off again.
AUDJPY has madea peak formation high at the level of 96.917 as establishement of of first leg double top pattern formation, the pair is currently trading at 95.230 we anticiate a short but profitable move to the upsite of about 1000 pips of about 2.04% gain.
fromthe the second leg m pattern/double top would have been formed for expected sell.
AUDJPY has Been Falling in a Falling Wedge Consistently. But Since a Week it's kind of Raning in a BOX, we can take it as Breathing but i still Believe it has More Potential to fall .
Look for Shorting it from the Area Marked in Eclipse .
Hi TRADERS this is my trade set up for the AUD/JPY for the new week ahead
AUD/JPY last week broke the higher lower structure and I think will be heading down, possible head and shoulders forming also so I will be looking for a sell trade only
so i will be looking for a pullback to order block zones and to take a sell trade
This is my analysis only please trade...
FX:AUDJPY
As it can be inferred from the chart, we see SM had just grabbed liquidity this factor was in for of EQHs(BSL) once that happened we saw the accumulation phase, then SM manipulated price at the new BSL once this was done, we got the turtle soup, stop hunt. Presently, we expect the price to return to OB and give more bears.
audjpy forming lower low and lower high on daily bars, 84.00-40 supply zone for short. initial target 82.40 if breaks and hold below then next target would be 81.30
We may see downtrend. AUD JPY keep making HL in this week. Price being rejected after testing h1 supply zone. In m15, we see the price creating smaller demand zone. We may see if the price reject the zone or break the zone. If it breaks, we may see bearish downtrend after it hit the purple zone which i already make for pending orders for sell limit. If the price...
Capped at fibonacci with a potential head and shoulders pattern, the price needs to return back to it's smoothed moving averages. With the current riots and negative economics surrounding the US Dollar this week, this may be a case of JPY picking up speed for safe haven.... Enjoy!
