AUDJPY H1 SHORT PRICE ACTION FORECAST Price trading with a bearish flag pattern, together with the Yen's bullishness across the board, allows the setup of a short order to capture the breakout of the flag and create the next leg of the downtrend movement.
The order:
Type: sell-stop
S/L: 45 pips - R:R | 1:2.4 -
T/P: aiming towards previous swing high level
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Audjpyforecast
AUD/JPY and IMPORTANT levels Hey tradomaniacs,
AUD/JPY is currently at a very crucial Key-Level and could either go down or up from here on. In both cases we would get a very nice entry.
More details in the chart!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
AUDJPY H1 LONG PRICE ACTION FORECAST -UPDATE-Although price didn't reach the T/P level forecasted, it went under bearish momentum, finding some rejection from the ascending channel support line for an uptrend movement.
Now expecting a retest of the critical support zone allows the setup of a long entry with the following characteristics.
The order:
Type: buy-limit
S/L: 20 pips - R:R | 1:2 -
T/P: previous swing high
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
AUDJPY H1 SHORT PRICE ACTION FORECAST Price trading with the drawn ascending channel and recently testing the resistance level from the channel the price is heading towards the support level. The price structure forming LH allows the setup of a short play with the following characteristics.
The order:
Type: buy-limit
S/L: 17 pips - R:R | 1:2 -
T/P: aiming towards the support level
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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
audjpy shortThis pair is looking really good for a short set up, if you look on the weekly time frame you'll see that there was a strong bearish retracement candle. Will be looking for a flag structure on this pair for the downside or the possible retest of resistance if it gets there correctively for the downside move. Will definitely be monitoring this closely this week along with gbpjpy and nzdjpy
AUDJPY: Remains Bullish until above 72AUDJPY has bounced from the critical support around 72 and the following factors show us upward continuation:
1. Higher highs & Higher Lows
2. Bullish Hidden under formation on 12H chart
3. Bullish Divergence coming in play on 4h chart
Action Plan: Buy once it establishes support above 74.50 with the successful re-test, aiming for the first target at 77 followed by 80.
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA