Audjpydaily
+120 PIP TRADE AUDJPY BROKEN OUT! AUDJPY was travelling in a triangle and it can be argued it was also travelling in an ascending channel. Price broke out of both structures to the downside and came back up to retest the structures before tanking all the way down to the previous support.
We have reached the 0.618 retracement level indicating a SELL opportunity, Our TP is at the -1.27 extension which is also the next support zone.
AUDJPY UPWARDS TRENDLINE BROKENAUDJPY has been travelling in an ascending channel on the daily chart , more visible here
Price broke our of this channel to the downside and as shown above on the 4H char, price has been making its way up as a retracement. On its way up it has formed a trendline which has now been broken, indicating that the short trade we expect is coming.....
AUDJPY MAJOR CHANNEL BREAKOUTSince the extremely large drop on the majority of FX pairs, AUDJPY has been climbing up in an ascending channel which is visible on the daily chart. Price has broken out to the downside and has come back up to retest the channel. Our entry is at the 0.618 retracement zone of the previous swing.
TARGETS ARE MARKED OUT ON THE CHART. PURPLE LINES ARE SHORT TERM TARGETS! ENJOY YOUR TRADE!
AUDJPY ALERT - Sale is upon us :)AUDJPY has hit the top now. i am expecting this
bulls to come back in now. if it breaks the blue support
line then its should be going up.
Also Stoch RSI is in overbought territory
in the 2H chart.
See previous analysis
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE