BUY AUDJPY for uptrend continuation
STOP LOSS : 100.57
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward...
price has been showing a strong bullish momentum breaking the highs and making higher highs, technically we're in strong bullish trend and now there's a probability of price retracing lower in other to keep pushing higher.
DISCLAIMER: This is not a financial advice, just my own perspective. trade with caution.
A breakout strategy is a popular trading strategy used in financial markets, especially in technical analysis. It involves identifying key levels of support and resistance on a price chart and trading the subsequent breakout from those levels. Here's how it generally works:
1. **Identifying Support and Resistance**: Traders first identify significant support and...
- The market trades above a bullish trendline since the 19th of April ; The short-term trend is bullish
- Since the bullish acceleration that lead the market to a 5-months high, prices have registered a sharp pull-back.
This bearish correction took the market back to the double support zone : trendline + 50% Fibonacci level.
The Ichimoku indicator still displays...
AUDJPY - SHORT
AUDJPY its in historical high, its should drop harder or make bigger corrective structure, minimum of 300pips or more then 500+, wait for the sell setup on this level and enter, can use small time frame to enter, risk small and ride all the way. jpy pairs sometimes spick up hard before fall, so always use Stop lost, everyone will be looking for the...
No retrace for weeks, calculating previous retracement time and price AUDJPY is WAY over extended, I’m looking to enter on 15M engulfing to confirm, previous range in this area was back in 2013 therefore I’m using 103.5 to 104.50 as my supply / resistance area.
A glimpse of the AUDJPY in the first half of 2024
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According to my risk and capital management system, the risk of each trade is one percent per position.
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Swing Sniper printed a 30m sell signal earlier today. The price has retraced to test the signal candle. This is also the top of a 4h bullish channel that the price is rejecting off of for the 4th time. Price should drop short from here down to 100 area (green line).
Hello Everyone,
AUD/JPY has exhibited sustained strength over the long haul, but presently, selling pressure is emerging, suggesting a potential pullback towards the weekly pivot point. Nonetheless, the overarching long-term outlook remains optimistic.
TradeWithTheTrend3344
In time H4 and D1, it is moving in an upward channel, which can enter the specified support range to continue the upward trend after the failure of the dynamic trigger. If the green box area is broken, it should enter the reverse position until the bottom area of the channel.
A #short trade opportunity recently presented itself on the #aussieyen (#AUDJPY) #trading chart 📉.
This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 100.972 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should...
