AudJpyIf you want to take a sell order on this trade be sure to wait for the price to reach 76.5 first.
Audjpyforecast
short audjpy at 78.05 and take profit arpund 77.00bad us ISM
bad chinese PMi
Powell less dovish
North korean missile test
Trump and china not on the same page as they try to made us know to support market
bubble since times on equities
so i think equties will down much this week so who will be impacted more.
AUD JPY
AUDJPY MAJOR SUPPORT BROKENPrice of AUDJPY opened with an extremely large gap downwards.While it did it broke below the major support zone, it has started making its way up and we expect price to go up and test the descending trendline at the 0.500 - 0.618 retracement level before dropping down to the -0.27 extension level
AUDJPY SHORT APPROCHINNG AUDJPY Price has been travelling in a descending channel marked out in blue and has been consolidating for a few days. Price broke above the area of consolidation and made a black ascending channel to touch the top of the descending channel and while doing so it had a little breakout to the upside of the descending channel before price dropped out of the ascending channel back into the descending channel.
We believe price will now come back up to retest the inside of the descending channel at the 0.5 retracement level like it previously did like in the yellow eclipse previously
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
AUDJPY RESISTANCE BREAK AND RETEST - DAILYAUDJPY was travelling in a horizontal channel until we saw a breakout to the upside a few days ago through the resistance zone. Price has now come back down to the 0.382 retracement level of the previous move upwards which is also where the previous resistance zone (now support) is. This indicates price is going up, but where?
Our target is at the top of the descending channel (marked out in thick blue lines) it has been travelling in which nicely lines up with the -0.27 extension level
AUDJPY short setupHere i see that AUDJPY does not have enough support to hold the price. I'm planning to enter short with 1:2 risk to reward. I'm going to update this post accordingly.
UPDATE:
I have entered short. I have changed the stop level as there's a strong resistance. So I have moved my stop a bit above the resistance line.
Entry: 79.875
SL: 80.340 - 47 pips
TP: 78.915 - 96 pips
RRR: 1:2
This is not financial advice
Note: Please remember to follow me. I publish most of my trade setups in advance
Trade safe
Atilla
AUDJPY UPWARDS TRENDLINE BROKENAUDJPY has been travelling in an ascending channel on the daily chart , more visible here
Price broke our of this channel to the downside and as shown above on the 4H char, price has been making its way up as a retracement. On its way up it has formed a trendline which has now been broken, indicating that the short trade we expect is coming.....
AUDJPY MAJOR CHANNEL BREAKOUTSince the extremely large drop on the majority of FX pairs, AUDJPY has been climbing up in an ascending channel which is visible on the daily chart. Price has broken out to the downside and has come back up to retest the channel. Our entry is at the 0.618 retracement zone of the previous swing.
TARGETS ARE MARKED OUT ON THE CHART. PURPLE LINES ARE SHORT TERM TARGETS! ENJOY YOUR TRADE!
Perfect Bearish Gartley pattern AUDJPY 4HAUDJPY has completed XABCD on 4H... Possible sell opportunity. GOODLUCK
AUDJPY Short AUDJPY is currently in a bearish trend on the 4H.
It currently has a weak support and we can expect it to drop further as it breaks it's current support/consolidation zone.
Trade safe.
long at 81.38 to take profit at 81.75Even is against the trend i all time liek to take the pullback or rebound
so i try this one
and as i do all the time if it down more i will add 1 more lot for make balance
chine and us tension ease,market to not have done xmas rally
futur down for not big reason
so why not
so i open lot now at 81.38 if it down at 81.00 i add 1 lot and will cut at my entry point who is 81.38 and finally i will got the profit from 81.00 to 81.38 and the sesonc trade at 0 or -5 pips
AUDJPY SELLRight now the pair is in some consolidation but I expect it to go down to 81.28 level which is kind of a support region.
AUDJPY SELL.
Keep it simple.
Cheers :)
AUDJPY Long PositionSo this could be a potential forecast of AUDJPY movements. the further into the process you get the more unlikely each step will be so be cautious. IF price follows my ideas this MAY be what it looks like. If anything is different, the whole outcome of course will be, so as soon as you see an error, adapt the changes.
My GBPJPY and NZDJPY theory also support this move, so should the Yen weaken, it'll be all on. If not, I'll see breakouts everywhere an potential shorts.
JPY Index may keep going down however;
Meanwhile it's about time AUD went up, which will push this idea in the right direction.
Overall AUDJPY;
AUDJPY Short !Short term sell for AUDJPY once a clean breakout of the trendline.
Keep it simple.
Cheers :)
