AUDJPY Monthly Time frame
Technical analysis : this is my long term trade idea on AJ
price broke out of our descending structure and gave a pullback on the daily around 72.000 and pushed up to 86.000 and gave us another pull back to 78.000 and started pushing up towards that forecasted level (100.000) if it breaks around 88.000 we can expert price to reached that level which was the high from 03 November 2014.
Fundamental analysis: Australia Government Bond 10-year eased to 1.7% which offset the bond selloff amid growing inflation .investors are looking to bet on the interest rate hike as soon as mid-2022 despite the RBA ( Reserve Bank Of Australia ) pledging to hike rates only before 2024 since other Banks in more developed nations take on a hawkish stance .the minutes from policy makers revealed that they expert the economy to to return to recovery path in the current quarter and reach pre-delta wave growth levels in mid 2022 and people have started to remove masks in Australia since 80% vaccination rate has been achieved in some populated areas.
ok i could write about the yen but i'm kinda tired ...maybe i will come back and edit this later on
remember guys
this idea can take up to 2 to 3 years to playout this is a position trade so if you are looking to take it be prepared to hold long term.
if you are shot term you can what you want but just know the long direction and trade accordingly
price broke out of our descending structure and gave a pullback on the daily around 72.000 and pushed up to 86.000 and gave us another pull back to 78.000 and started pushing up towards that forecasted level (100.000) if it breaks around 88.000 we can expert price to reached that level which was the high from 03 November 2014.
Fundamental analysis: Australia Government Bond 10-year eased to 1.7% which offset the bond selloff amid growing inflation .investors are looking to bet on the interest rate hike as soon as mid-2022 despite the RBA ( Reserve Bank Of Australia ) pledging to hike rates only before 2024 since other Banks in more developed nations take on a hawkish stance .the minutes from policy makers revealed that they expert the economy to to return to recovery path in the current quarter and reach pre-delta wave growth levels in mid 2022 and people have started to remove masks in Australia since 80% vaccination rate has been achieved in some populated areas.
ok i could write about the yen but i'm kinda tired ...maybe i will come back and edit this later on
remember guys
this idea can take up to 2 to 3 years to playout this is a position trade so if you are looking to take it be prepared to hold long term.
if you are shot term you can what you want but just know the long direction and trade accordingly
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