With a simple trading set-up identified in the 1-hour timeframe, I am going to recommend selling the Aussie this week. In this regard, a key level at the 90.000 area and the bearish trendline identified on the 1-H timeframe shall be our guide going into the new week as we continue to look for a reversal set-up to join the potential decline. shall be
AUDJPY broke and closed below the major structural support level of 0.9000.
It is a classic trend continuation trade.
We are considering selling at 89.500.
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AUD-JPY broke the key horizontal level
Which is now a resistance A head and shoulders pattern has been formed
Which makes me bearish on the pair
After retesting 90.452 areas And I think that it will fall further down
Onto the target level below
Despite the obvious that the AUDJPY remains on the front foot around 92.55, extending the two-day uptrend; I am of the opinion that the current structure might incite a short term bearish move soon. Why? If we closely into the structure on the daily time frame, we will notice a reversal structure evolving since the price tested 95.5 area. The appearance of a lower...
- There is no such important news for AUD or JPY today. So the AUDJPY MARKET SENTIMENT will be FOLLOWED. Also AUD CPI DATA is scheduled to be released tomorrow. It will be a very important and VOLATILE DATA for AUD. Also the BOJ RATE STATEMENT is scheduled to arrive on Thursday. Be aware of that too.
- AUDJPY Must understand the MARKET SENTIMENT before...
. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
- From now on AUD can behave according to the MARKET SENTIMENT this week. The reason for this is that apart from yesterday's RBA MEETING, there is no significant ECONOMIC INDICATOR NEWS today. The same goes for JPY. So most likely AUDJPY will start following the current market SENTIMENT and COMMODITIES PRICES. So if a JPY WEAKNESS comes further it can continue...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUD/JPY has tested levels unseen since August 2015. Technical indicators are biased higher, scope for continuation of the bullish run. Next major bull target lies at 76.4% Fib retracement at 94.68.
Price action has spiked past 200-month MA raising scope for further gains
The pair has broken above 61.8% Fib retracement at 88.02
Stochs and RSI are sharply...
Here is my Idea on AUDJPY for a long Trade. Very low Risk and high Profit.
I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade.
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