Audjpydaily
Trend reversal in AUDJPY?AUDJPY could be creating a tripe top formation after price failed to break the 76.90 resistance level. AUDJPY has also dropped below the supportive trend line that I have drawn in my chart.
If price stays below this supportive trend line then it will likely that AUDJPY will continue to drop.
AUDJPY / SHORT IDEAShort idea for this pair, as we can see price has respected the trendline all the way to its resistance zone
I expect a false move up before coming down to retest resistance and fall
AUD JPY ANALYSIS & FORECASTAfter what we gave draw we can tell that the market will go down with a very high probability,
Please share with me your thoughts,
Regards
AUDJPY / SELL IDEAOn the chart we see price has broken the trendline and hit its key support level where it was rejected - It is a key level as we can see multiple rejections on the chart if you look further back
It then retraced to the trendline and was rejected again
Once price has broken support we can look for sell entries to the target shown on the chart
AUDJPY to climb from upside confirmation, potential bounce!
AUDJPY to climb from its upside confirmation at 75.924 where it could potentially bounce further to 76.752.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 75.257 where it could potentially rise further to 76.068.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY potential sell set-up. AUDJPY has rallied strongly and reached the previous high yesterday. However, it is possible that there could be a reversal in this area.
So, watch for bearish price action and sell with 75.50 as TP1 and 74 as TP2. SL can be put at 77.20
The above set-up will be invalid if price closes above the resistance level.
AUDJPY, SHORT AT THE DAILY?!**ENG**
Price reaching a major resistance zone at the daily timeframe, we are expecting a rejection of this level followed by a drop to our 38.6% FIB level.
**PT**
Preço quase a atingir a nossa zona de resistência no timeframe diário, estamos à espera de uma rejeição deste nível seguida de uma queda até à zona dos 38,6% do FIB.
AUDJPY / ANOTHER WEDGE!? 3000 PIPSIf we take a look at the chart previously once price broke support it made a rising wedge pattern and then fell through the floor.. I could be reaching BUT i see the same thing happening.
Looking to short to support, waiting for confirmation of a breakout
AUDJPY potential reversal!
AUDJPY expected to rise up to 1st resistance at 74.579 where it could potentially react off and drop down to 1st support at 73.854.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY Sell Set-up| TP,SL and 435 Pips TargetAUDJPY is in a trend reversal plus consolidation phase for almost a month now. However, I expect the price to make a quick bearish move very soon. Currently, the price action shows bears are gaining strength to accelerate the downtrend.
Possible Sell Signal:
Entry : 74.15-74.60
SL :75.10
TP :70.00
AUDJPY - SELLPrice bounced off support but once it breaks its a sell to the green area
It has tested this level several times today and im expecting a break tomorrow which should start a change in trend
AUDJPY - SELLPrice has now reached a key level of support, once broken it will be a sell to the green area
We can see in this chart price has tested this area several times last week before bouncing off, i believe we can get a few more short buys in before it starts to fall
ALWAYS wait for confirmation before jumping in!
AUDJPY - SELL
SL - 74.427
TP - 71.418
AUDJPYAUDJPY recap of last week's trade and weekly analysis for the upcoming week starting today May 24, 2020 to May 29,2020.
