Audjpydaily
AUDJPY - head and shoulders What Is a Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
locally I will look for an entry point.
Globally the growth began.
AUDJPY - False break out historical level Far level retest.
The price is returned for the retest level the previous touch of the level more than 1 month ago. Moreover, a strict number of false breakdowns.
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AUDJPY - head and shoulderI am looking for entry points. Where is the small stop loss.
and then I estimate the profit potential.
entry strictly after the break out
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDJPY downtrend Support and Resistance levels
It continues as it recently rebounded of the support of June 2016 and january 2019 and also the resistance of january 2020.
TRENDLINE
It also did touch the trendline of november 2014, november 2017 and did touch it again after the same 3 years difference in november 2020.
Head and shoulder pattern
we can see it at the resistance of november/december 2019 and november 2020 according to the monthly timeframe.
GOLD BOXES ARE TP AREAS FOR DAILY SWING TRADERS
These are all proof that the chance of following the downtrend big is.
.... Im not a pro trader btw.
AudJpy- 77 is strong sell zoneLike all "risk", AudJpy flew yesterday and ended the day just under significant resistance from 77.
I expect this resistance to hold and the pair could fall to 75 in the next period.
Sell rallies is my strategy for this pair and only a daily close above 77 would change my bearish perspective
AUDJPY - SHORTSelling a clip of AUDJPY here at 73.86 ahead of the 73.94 pivot and breakdown area that held on Friday. As long as 74.45 fibbo resistance holds, I remain a seller of the rallies going into the RBA meeting. RSI indicates that the market is overbought and the momentum should start to turn towards the downside.
I will sell a 2nd clip around 74.10 if we get there.
Short at 73.86
SL around 74.45
TP around 73.13 fibbo support.
AUDJPY - sell biased in a descending channelHi all traders,
This is a video analysis on audjpy.
I hope you like this video as i have updated some new levels which traders can take note of for next week selling in audjpy.
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AUDJPY - sell biasedHi all traders.
Good morning!
This is a video analysis on audjpy
I have pre-warn 2 levels inside the video that traders could take note and start selling it if they traded those areas.
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AUDJPY (L AS IN LONG)We can see price is moving in a 4hr upward trendline also creating a break and retest of the 76.500 weekly support level. At the moment price created a counter-trendline within the 4hr trendline. We are waiting for a candlestick formation along with a break of the counter-trendline to enter. Tps are set to recent price history.
AUDJPY - sell biasedHi all traders,
by now, u would have made alot of pips just following this pair of AUDJPY. Congratulations on it.
Now for the next setup for AUDJPY.
Im looking for the close below the trend line.
IF the trend line is broken.
I am gonna look for further weakness in this pair till we reach the next support.
Plan your trade nicely and you should be able to scoop tons of pips from this idea.
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**Disclaimer: All trade ideas are of my own personal view. It's not a financial advice. Thanks!**
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