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Audjpyidea

AUDJPY - SELL OPPORTUNITYAUD - BEARISH 1️⃣ Australia's Victoria state Premier confirmed a record 723 additional coronavirus cases and announced that face masks are now mandatory across the state, while there were later comments from Australian PM Morrison that the coronavirus spike in Victoria state is very concerning. 2️⃣ Consumer prices in Australia declined by 0.3% year-on-year in Q2 2020. This was the first drop in consumer prices since Q3 1997. 3️⃣ All major economic data RBA is negative. 4️⃣ Weaker-than-expected domestic data, which showed that Building Approvals fell to an eight-year low in June. JPY - BULLISH 1️⃣ The Japanese Yen gains as accelerating coronavirus infection rates continued to dampen hopes of recovery for the United States economy. 2️⃣ The recent escalation of diplomatic tensions between the world's two largest economies forced investors to take refuge in traditional safe-haven assets. ===== Technical ===== - We looking to short #AUDJPY on SBR level + SMA 50 area. - AUDJPY in bearish zone.
Short
by MonsunAsia
AUDJPY, 8hr tf, double top possibility and triangle patternThere is a possibility AUDJPY forming a double top on the daily chart. Price also broken below the ascending trend line which has supported AUDJPY for 4 months. Taking a deeper look into 8hr chart there is a possiblity of triangle pattern also forming. Price already broken below the support and currently we are on the retest process of broken support. Sell AUDJPY 75.20-25 Stop loss 75.65 Take profit 1 @74.30 Take profit 2 @73.40
Short
by HayatoDragonFX
AUD/JPY Technical Analysis.Currently, AUD/JPY is trading at 75.20. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in a down trend in a descending triangle pattern. There is a great possibility that the pair will rebound back from its support level. But if the price breaks the support level at 74.87, then It may start a new down trend and its first target price will be at 74.03 and second target price will be at 73.42. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
by rishililawat5
AUDJPY short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
AUD/JPY Technical Analysis.Currently, AUD/JPY is trading at 75.97. The pair started a new up trend after breaking the resistance level at 75.07. Previously, the price was trading in an ascending triangle pattern. The pair has already started a new up trend by breaking the resistance level, so its first target price is at 75.98 and the second target price is at 76.54. The price has already touched its first target price and can hit the second target. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
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