Market Overview
The AUD/JPY currency pair is exhibiting a bearish trend on the 15-minute timeframe, with price action remaining below the 9-period EMA, signaling continued downside momentum.
Trade Setup
Entry Price: 93.525
Stop Loss (SL): 93.902 (above the entry, marked in red)
Take Profit (TP): 91.790 (marked in green)
Risk-Reward Ratio: Favorable, with a larger potential reward compared to the risk.
Technical Outlook
The market is in a downtrend, confirmed by lower highs and lower lows.
Price has briefly retraced but remains below the 9 EMA, indicating that bearish momentum is intact.
A break below the recent low could accelerate selling pressure towards the 91.790 target.
Trade Scenarios
✅ Bearish Continuation: If the price respects the trend and moves downward, the trade is likely to reach TP.
❌ Bullish Invalidation: A break above 93.902 (SL level) would invalidate the trade, signaling a shift in momentum.
📌 Conclusion: This trade setup aligns with the ongoing bearish trend, offering a high-probability opportunity with a well-defined risk-to-reward ratio.
The AUD/JPY currency pair is exhibiting a bearish trend on the 15-minute timeframe, with price action remaining below the 9-period EMA, signaling continued downside momentum.
Trade Setup
Entry Price: 93.525
Stop Loss (SL): 93.902 (above the entry, marked in red)
Take Profit (TP): 91.790 (marked in green)
Risk-Reward Ratio: Favorable, with a larger potential reward compared to the risk.
Technical Outlook
The market is in a downtrend, confirmed by lower highs and lower lows.
Price has briefly retraced but remains below the 9 EMA, indicating that bearish momentum is intact.
A break below the recent low could accelerate selling pressure towards the 91.790 target.
Trade Scenarios
✅ Bearish Continuation: If the price respects the trend and moves downward, the trade is likely to reach TP.
❌ Bullish Invalidation: A break above 93.902 (SL level) would invalidate the trade, signaling a shift in momentum.
📌 Conclusion: This trade setup aligns with the ongoing bearish trend, offering a high-probability opportunity with a well-defined risk-to-reward ratio.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.