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.
Pure price action, Price is already showing some bearish reaction from resistance. It is expected that there will be a break of this rising wedge. What do you think?
The currency pair is in a downward price channel and is trading at the moment near the upper border. I think that the selling pressure is making itself felt and the trend will not just change to a bullish one. I expect a test of the upper boundary and a fall to support 79.85, formed by the lower boundary of savings formed in January...
Dont forget to like and if you have the opposite opinion just comment so i can improve my idea next time
downtrend, HL and LL made, fib retracement at 61.8 expected 78 is valid too and divergence adds confluence too.
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking overall bearish on this pair as well but structure is not yet that clear. We know we’re looking for short positions after we can confirm a lower high and that can happen at two major places on this chart. At the current level we could see a reversal...
Broken structure being retested around 50-61%. Previous uptrend line broken with no retest, however with this current seller momentum we may not see that retest - or I drew something wrong. Monthly and Weekly View below. Short bias until WEEKLY/MONTHLY can find support.
Hi guys; On AUDJPY we need more evidence for clear direction.