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** AUDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 98.178 which is a pullback support.
Stop loss is at 97.850 which is a level that sits underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 98.615 which is a swing-high resistance.
High Risk Investment...
Look for a series of higher highs and higher lows on the price chart.
Enter a long (buy) trade when the price makes a pullback to a higher low, anticipating that the uptrend will continue.
Place a stop-loss order below the most recent higher low to manage risk.
Take profit when the price makes a new higher high.
Downtrend Trading:
Look for a series of lower highs...
AUDJPY is rising to an overlap resistance, from there it could potentially rise to the take profit level.
Buy entry is at 96.932 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement.
Stop loss is at 96.288 which is a pullback support.
Take profit is at 97.775 which a pullback resistance.
High Risk Investment Warning
Trading...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUD/JPY is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 96.915 which is a swing-low support that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 78.6% projection.
Stop loss is at 96.430 which is a level that sits underneath a swing-low support and the 100.0%...
