Audjpyforecast
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!
AUD/JPY to continue its bullish momentum Hi Traders
AUD/JPY (H1 Timeframe)
A high probability, to go LONG formed @ 84.517 after the market found support @ 84.422, Only the downward break of 84.422 would cancel this bullish scenario.
Trade details:
Entry: 84.517
Stop loss: 84.422
Take profit 1: 84.959
Take profit 2: 85.295
Take profit 3: 85.843
Score: 10
Strategy: Bullish wave-LLTF