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Audjpy-short

How to make a Top/Down Analysis? Full Explanation on AUD/JPYGood morning traders! We want to share how we carry out a complete top and bottom analysis to look for an opportunity to enter a trade. Step number one is to go to a high timeframe. In this case, we begin by analyzing the Weekly Chart. 🔸What do we observe here? 🔸The first thing we see is that the price is in a bearish channel since 2014. Every time the price retested the Descending Trendline, it was rejected. Right now the same thing is happening, so we can consider a potential bearish move, at least in the short term. 🔸Obviously, we need more confirmations. 🔸For this, we reduce the timeframe to 4H, and look for the most relevant support and resistance zones. The price is resting in a relevant resistance zone, which supports our bearish view. 🔸And finally, on the one-hour chart, we see that the trend line of the last bullish move was penetrated down after support at Resistance. Also, there is a corrective move. Considering that the current correction is correcting the first bearish impulse, we can expect a bearish continuation of the same proportion as the first impulse. 🔸All this scenario is valid as long as the Resistance zone is not rotated upwards.
Short
by ThinkingAntsOk
4
AUDJPY SHORT IDEAWell pretty simple, I believe. I am hoping I have not missed my entry. However, I am bearish on AUSSIE, with my notion that GBPAUD and EURAUD will be long, I am bearish on AUDJPY and AUDNZD. Also bearish on GBPJPY. This is what I have come to know as Fractional Disparity at its finest. That being said if I'm wrong or my timing is off on one, it is more than likely I am wrong on all, laughs in I hope not. Need to remember if price is truly bearish it will more than likely not break the previous high. Following my arrows a nice little H/S is forming. Price will drop significantly to fill the wicks. I expect consolidation and a retest of the bullish trendline before continued movement down. I have sell limits in place, but I will be watching like a hawk. I started a blog about my trading journey, my site is no where near done, but I do have a post up. If you want check it out. fundyourtradingfuture.weebly.com
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by SSJNat
AUD/JPY Expecting a move down breaking supportYo traders, AUD/ JPY has moved perfectly rejecting resistance as expected and moving lower as predicted on Aug 16 chart posted here. I am presently expecting it to break the support and move lower next week. As you can see on daily TF and 4HR as marked on the chart it has formed an Elliot wave pattern (ascending bottom rising). Has already moved past the resistance and broken trend line. expecting to move further down in the Short term. Please like, support and comment if you like the idea. Share your ideas here too in order to learn from each other. Thanks Madtradex
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by Madtradex