Two trading areas, in my opinion, the price will bounce from them. I added a horizontal line to stop loss. As for the profit, it depends on the method of taking some of the profit and completing with the rest, and so on. The analysis depends on the gaps between the tails of the candles from which the price bounced at least once. warning . I do not know the...
This could be a decent long depending on the confirmation, looking at EURAUD & GBPAUD they have a lot of bearish room so in turn AUD could seem to have a bullish future ahead.
AUDJPY is making bearish rectangle on 1H time frame with no divergence appearance it indicate that the continuation of pattern
long setup if breakout happened with strong momentum :D TP and SL is clear in the chart
I'm not in this trade but it does look like there will be a major bullish push for AUD, wave 3 seems to be on the way and judging by the look of GBPAUD, EURAUD & AUDUSD. AUD has a lot of strength. Let's see how this pans out
As the financial markets enter a weekend hiatus, it is essential to provide an initial assessment. A preliminary examination of market conditions reveals the presence of accumulation dynamics. In particular, we observe a phenomenon often referred to as "absorption volume," which traditionally signifies the culmination of a bearish trajectory. This phenomenon is...
AUDJPY has had some strong short term trends recently and is covering a lot of ground prior to the News release. A lot of indecision occurring resulting in large ranges.
Dear Traders, AUDJPY recently have been overbought due jpy weakness, however, price have shown bearish momentum. We expect price to fill the imbalance zone before it drops further. The trade idea is not ready yet, it is still in process please keep in mind that NFP news data will be releasing on Friday.
AUDJPY will be a nice short, based on BOJ move, on rate decison, we will see a nice move down here, follow for more..
AUDJPY will be bullish because there is divergence with double bottom.
Price in a tightening range in anticipation of upcoming news. The longer price remains within the Triangle, the more powerful the move out of it will likely be.
Could be a good RR setup I'm waiting to see the price action around the pivot line to see if there will be entry signal
AUDJPY / 1D Hello traders, welcome back to another market breakdown. AUDJPY is trading in a trading range. The price seem to be rejection the high of the range again. Checkout the chart for what I'll be looking for before openeing short position. Trade safe, Trader Leo
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too. ❤️Please, support our work with like & comment!❤️
Bearish indications: LLLH Trend line support break out. Trend line resistance respected. Double top formation. Support has broken and made a low. Dark cloud cover candle in daily time frame Trade plan bias short @ 95.401 SL:95.855 TP1:94.913 TP2:94.483
Price is rising towards an overlap resistance level and could break through this level. Buy entry is 94.664 which is a pullback resistance. Stop loss is at 93.880 which is a swing-low support level. Take profit is at 96.147 which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not...