Hi there, AUDJPY is setting up for another breakdown watch price action and look for short. Good Luck
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you. Good luck
AUDJPY : update trading at 81.03 Currently trading above 50 days MA as per weekly Chart Target 85.00-90.00+91+ Wait and target in next quarter 1 standard Lot for capital of 20k with Taking risk of 20% target 45% of profit If you Have any Query Feel free to ask . Thanks , Regards Reshad Ahmad Kabul Afghanistan Email : reshad@maiwandbank.com
Reason: 1. Mitigated 50% weekly OB 2. Break of structure 3. Divergence
Break and retest of the zone will move price to the downside
Based on several confluences, AJ seems to be in a short term buy right before a long-term sell. I am anticipating a rise of 20 pips from current price 81.462 upwards towards the 81.486 level and then a steep drop to test lower level price averages and liquidity grab.
Looking for price to push up into the potential yellow reversal zone and then sell off.