Yes AUDJPY is in oversold situation and "W" pattern was created in the pattern which is a bearish signal.
Note: Trade at your own risk.
There was a sudden jump in the price, as most of the people were short including my self but close which some loss.
Now if the price move above 74.200$ go for long or it may take rejection before going further
FREE ANALYSIS ON AUDJPY
Welcome to SiriusTrading, Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE :)
Expecting More downside on AUDJPY. Watch top for sell
*Price action is presently hovering around the 70.000/72.000 zone which is a major support.
*Also, put into consideration that price has been consolidating between this support @ 70.000 and resistance @ 90.000 zone since 1996.
*However, if the price breaks the 70.000 zone; we might be looking at a downward rally to test support @ 55.000 (which also happened in...
Whats up everyone and welcome to this new trading idea!
Ive been quite for some time because of some personal issues, but this is another story! So i just want to feed you guys with another trading setup on the AUDJPY pair.
Price is creating a peak formation high and consolidation for a while, which indicates that something is going on here...
Im looking for...
We are currently trading the 4th leg of possible bat that is forming on the 4 hr chart. We are predicting the Harmonic Bat Pattern will be completed and a recent break of the yellow trend line has given the pattern and our strategy confirmation. FX:AUDJPY
We are currently trading the 4th leg of the harmonic Bat formation on the 1 hr chart. Price action has recently broke through a resistance level become support and confirming our direction and predicted completion of the 4th leg. OANDA:AUDJPY
We have finally seen AUDJPY break out of a huge consolidation. I am waiting for AUDJPY to drop just a little further back into demand which is also where we have broke through our consolidation upside. I think we could see a nice long-term buy all the way up to around 82.000.
Very clean cut and dry analysis. There is not too much else to really look at with this...