Price is on a significant support zone. It is bouncing the zone and making long wicks which is a clear sign of rejection. The overall trend of the pair is upward. price is also making higher highs. Entery: 91.831 TP: 93.6 SL: 91.2
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We’re seeing some strong bearish volume stepping in here and we officially have a 4hour transition with the confirmation of a lower high. From here we’re looking for support at 80.750 to break with a lower high below. We have a lot of room to fall if this level...
we will see 77 in audjpy soon and we have divergence on daily and the trend line broke and we had a 50% pull back and now it is time to test the lower price
A bullish hammer is forming with the trend, appears any lower prices are being rejected. My first TP (83.00) is within reach but may not be reached today. I think next week we will see price breakthrough the immediate resistance at 83.00 area and head higher, hopefully it will retest that 83.00 level and with price action confirmation I will enter a new long...
it is still along; short at the point int he chart
The price retests the lower of last week. The pair is on a strong support. The possibility of rebound is clearly an option with an interesting risk-reward if you are a long term investor.
Fundamental: RBA maintain it's rate at 1.5%, still on holding policy. Watch for monetary policy in coming week BOJ rate statement this coming week. JPN manufacturing data was strong last week Technical: Price bounce below strong weekly level and forming inside bar last Friday This gives very small risk and huge downside rewards for this trade. However, if BOJ...
I'm long at 78.50 SL 78.00 TP 80.50 Happy Trading.. :)