AUD/JPY close to level from whicn we can open long-term Buy AUD/JPY is moving to Key Buy Level 80.49
80.49 it is currently low. FX market respects such levels because most of the traders hide their stops under such levels. Most of the time Market markers move currency rate in such zone for getting enough Volume to move into another direction.
I will look for buy if price will make fake broke of key level 80.49 and H1 or H4 close upper It. It is too dangerous to open deal at current price because we need to look how it will react on broke of the key level.
Audjpyidea
AUDJPY Buy on d Wave CorrectionThis pair has corrected and halted at resistance line 80.600, furthermore pair has completed wave a, b and c so that left movement d and e
At this stage, the pair will make the movement to complete the wave d pattern so that we see this pair will move to the price. 86.580 and then again corrected downwards completing wave e.
If viewed from a lower time frame H4 time frame this movement is quite accurate, so we should enter into the market to make a purchase.
AUDJPY Right On Major Resistance, Time To SellAUDJPY is testing major resistance and looks poised to drop strongly!
Sell below 83.35. Stop loss at 84.02. Take profit at 82.25.
Reason for the trading strategy (technically):
Price is testing major resistance at 83.35 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, bearish divergence, descending resistance) and a strong reaction from here would push prices down to major support at 82.25 (Fibonacci retracement, horizontal swing low support, Fibonacci extension).
Stochastic (55,5,3) sees major resistance below 96% where a corresponding reaction could occur. We are also seeing bearish divergence vs price signalling that a reversal is impending.
AUDJPY testing strong resistance, prepare to sellAUDJPY is seeing multiple strong resistances giving us a good opportunity to sell.
Sell below 83.30. Stop loss at 84.27. Take profit at 81.58.
Reason for the trading strategy (technically):
Price is testing major resistance at 83.30 (Multiple Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at this level to push price down to 81.58 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is also seeing major resistance below 88-95% resistance where a corresponding drop could occur.
AUDJPY approaching major resistance, potential drop!AUDJPY is approaching strong resistance at 83.31 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to major support at 81.56 (Fibonacci extension, horizontal swing low support). We do have to be cautious about our intermediate support at 82.12 (Fibonacci retracement, horizontal overlap support) as that level needs to be broken to open a further move down.
Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDJPY profit target reached for the 4th time, prepare for dropSell below 88.18. Stop loss at 88.41. Take profit at 87.73.
Reason for the trading strategy (technically):
Price dropped from our selling area perfectly and reached our profit target once again. We now see price testing our intermediate descending resistance line and we look to sell below resistance at 88.18 (Fibonacci retracement, descending resistance, horizontal swing high resistance) for a further push down to test 87.73 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support) once again.
RSI (34) sees multiple descending resistance line holding price down really well.
AUDJPY experiencing major resistance, potential upcoming drop!Price is now testing major resistance at 89.00 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and a potential major reversal could occur at this level to push price down towards 88.43 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDJPY testing major resistance, prepare for a dropSell below 88.98. Stop loss at 89.22. Take profit at 88.41.
Reason for the trading strategy (technically)
Price is testing major resistance at 88.98 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and we expect to see a strong reaction off this level to push price down towards 88.41 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 96% where further bearish momentum is expected.
AUDJPY dropped perfectly, remain bearish for a further dropSell below 88.43. Stop loss at 88.70. Take profit at 87.24.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area yesterday before bouncing above our ascending support line. This ascending support line would need to be broken to trigger a strong bearish move down. We still remain bearish looking to sell below major resistance at 88.43 (61.8% Fibonacci retracement, Elliott wave corrective structure) for a drop towards 87.24 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees major descending resistance line acting as resistance to push price down from here.