taking long position in AUDJPY based on harmonics (bullish bat) pattern.
audjpy is now strong support area which is a strong demand zone also market will go up to retest the broken vertical resistance area look for bullish confirmations on lower time frames and enter buy with proper money management patience is the key
1. BAT Pattern has formed on a 4H scale. 2. The price is retracing from point D. 3. Higher High has been made. 4. Price bounced from 0.5 level of Fibonacci retracement level perfectly. 5. TP1 = 93.395 6. TP2 = 94.297 7. SL = 92.240
1. BAT Pattern has formed on a 4H scale. 2. The price is retracing from point D. 3. Higher High has been made. 4. Price bounced from 0.5 level of Fibonacci retracement level perfectly. 5. TP1 = 93.395 6. TP2 = 94.297 7. SL = 92.240
Audjpy is looking strong here. We have had a U-turn in the markets favoring the space that sees the AUD rally with the tech sector meanwhile JPY continues to be the worlds lender of first resort as they continue to burden their economy with inflation
Bias is to the upside. Risked 1.5% with 3 entries. All entries at at 92.35 and my SL is 91.9. Let's see how this goes.
GOOD TRADE ON AUDJPY. The pair tends to decline is a risk off approach and rise in a low risk environment on carry flows.
Blue 1HR+ Support Red 1HR+ Resistance Use EZAlgo and S/R V2 to verify and look for SFPs.
Good day traders, I did a brief and superficial CBD of AJ. HTF we see rejections hitting a possible Monthly counter TL. Weekly we see breaks of structure to the upside with nonthreatening wicked bearish candles. HLs are holding, I acknowledge semi support around 92 but can see price crawl down to 89 and my family jewels wouldn't even flinch. I am neutral no ego...
Hello traders. If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you. Happy trading!
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Looking massively bearish on DXY from last week. Currently, price action is sitting at a low near our 93.000 level. Ideally price action forms clear structure by pulling back to our 38.2% fib level then rejecting. Trade scenario 2: On the other hand price...
#18 #AUDJPY price back from the support and oblique line and probably will be rise
AUDJPY in H4 Time Frame Channel was Break in Last Week In Coming Week we seen a some retesting and then Bearish Moves to touch the next level.
From my analysis price has reached a level of strong reversal after its movements in the past week .i will be keeping eye on this pair and will wait for the 4hr bullish candle to form and go bullish . will be setting TPs at my daily zones thats the red lines and be managing risk according to price movement have a great week.
My previous chart shown once again my prediction was right exact red line drawn it hit and going down again,all yen pair main trend is bullish,now we’re at correction mode soon will see bullish movement will be active Have a safe and profitable trade. Any question please comment below
I am noticing a potential CONFLUENCE breakout of both a falling channel and an inverse head and shoulders. Am entering long on break and retest.... For a quick 3.48R..... Like and Subscribe.
The price is currently moving in a potential trend reversal zone and is not hitting new Lower Lows. There is also a strong Fib resistance right below the current level and thus the price is expected to move upward. All TPs are Fib Resistance levels.