Audjpyforecast
AUDJPY, 4hr tf, sell the end of wave-(iv)After going down for 285 pips from 84.20 to 81.35, today we saw some retracement for AUDJPY.
For me, i still think AUDJPY is bearish and we might see another drop soon.
Price might only retrace to complete wave-(iv). Right now we're at 38.2% fibonacci retracement.
Sell AUDJPY 82.45
Stop loss 82.85
Take profit 81.00 (3.6R)
Use only 1-2% risk
Good luck
AUDJPY waiting for confirmation
Expecting the closing of the hourly candle to confirm bias.
Plan A: Uptrend after breaking the handle around 85.147, long entry by the re-test of the broken resistance with TP towards previous swing high.
Plan B: hourly candle closing in a bearish tone for short trade confirmation. Target around the ascending trendline.
Price action has formed a double top for reversal. However, the previous supply zone is acting as strong support. Either way, the uptrend breakout could bring a steady a longer pips capturing.
Patience is a virtue. Always trade what you see, no what you think. Happy Tuesday!!!
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We've found ourselves a nice little H&S. what's next?AUDJPY is in free fall mode, but our mind is always sceptical. when it finds something clear as sky, it asks questions like how can it be so easy?
how come I short when the pair is in uptrend? how come, how come, how come.
Well, sometimes it is what it is. there'll be price manipulation at times, but not always.
market makers have to give you 'easy' setups at times, so you'll fund your account in future.
I think we've one of those 'easy' setups here, and I'm short. but, I'm not betting my house and my stop is tight. game is on!