WEEKLY TIMEFRAME BULLISH STORYLINE, looking for buys off a lower timeframe level following break of higher highs
BOJ under pressure after US ISM data stronger than expected causing Yen Weakness has markets on watch for an intervention, not to happen during Asian session (their own). Market survey expects intervention at the 152 level. BOFA see a print north of 160 if FED further delays cuts, if at all...YUAN pressure mounting, too. Markets surveys report expected 200k jobs...
The bears reached a low today at 98.586, and I anticipate that this low will be revisited before today's daily close. Bulls still maintain control, but I foresee the bears taking over. Consequently, I've just initiated a trade with a deadline set before today's close. I will be updated if anything changes.
Weekly: -Bullish M pattern. -Bullish weekly candle could get filled. Daily: -Inverse H&S pattern. -IC. 4H: -Inverse H&S pattern. -Bullish M pattern. -IC.
Audjpy will sell in a long run... It's doing wonders.
My dear followers, This is my opinion on the AUDJPY next move: The asset is approaching an important pivot point 98.553 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 98.441 About Used Indicators: For more efficient signals,...
Trade Call: Long Entry: 98.612 (Buy Limit - Fib 0.382) SL: 98.391 TP1: 98.833 TP2: 99.054
we except to go down cuz down trend push the price to the latest support
On AUD/JPY it's nice to see a strong sell-off from the price of 99.580. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong...
Hello,Friends! We are targeting the 98.256 level area with our short trade on AUD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
The AUD/JPY pair is exhibiting a bearish demeanor in the upcoming market cycle. A close examination of the chart reveals that the previous bullish trend was notably robust, ascending sharply to the 100.62 level. However, the ensuing bearish trend has unfolded in a less direct manner, adopting a zigzag pattern that incrementally steps downward. This pattern...
Short position on AUDJPY based on strong resistance created by previous 2 tops
Analyzing the provided details for the AUDJPY bearish trend trade: Trade Type: Sell Limit Entry Level: 98.548 Stop Loss: 98.763 Take Profit: 98.3330 Risk-to-Reward Ratio: 1:1 Here are a few observations: Entry Level (98.548): This is the level at which you intend to enter a sell limit order for the AUDJPY currency pair, anticipating a bearish move. Stop Loss...
AUD/JPY falls towards the 50-Day SMA (97.85) after failing to hold above the former resistance zone around the February high (99.06), but the exchange rate may track the positive slope in the moving average if it continues to hold above the March low (96.90). AUD/JPY Rate Outlook AUD/JPY is under pressure after registering a fresh yearly high (100.17) during...
AUDJPY chart is printing bearish trend. It would a good time to short it.
Hello traders! ‼️ This is my perspective on AUDJPY. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement to fulfill the imbalance lower and then to reject from bullish order block + trendline + institutional big figure 98.000. Like, comment and...
🔺AUDJPY is currently experiencing a slight downward trend. After hitting a horizontal support level last week, the market began a corrective movement in a bearish flag pattern. Today, the price has broken below its support and is expected to close below it. I predict that the pair may continue to decline towards the targets below.