AUDJPY what is the next movea pair to watch out for in the upcoming months.
Price currently at a resistance of a trendline.
we are expecting a breakout or a break down?
Audjpyprediction
AUDJPY - 4H Pattern Trend SHORTPattern forming in 4H chart. Technical indicators matching with pattern. AUDJPY will go down before going back up. Short AUDJPY
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
short at 88.02 for target 0.8742 (58pip) intradayintraday trade
Oversold
and aso audusd overbought and under big resistance
also 88.00 is big level so i see a small consolidation easy coming
enter at 88.02
target around the cluster at 0.8740-45
gain 55-60 pips
AUD/JPYHi Seildev here
Area of interest to short around 85.05~85.21
- Almost reaching topside resistance channel since 1st/May
- Possible double top? 2nd/May and 15th/May shows double top down to 260 pips gains
- 85.00 psychological number
- 85.00 respected support and resistance historically
- 61.8% fib approaching for potential reversal
Target 1 @ 83.857
Target 2 @ 83.079
Safe trading everyone
AUDJPY right on support, remain bullishBuy above 81.90. Stop loss at 81.67. Take profit at 82.90.
Reason for the trading strategy (technically):
Price has once again dropped to our support level. We remain bullish above major support at 81.90 (Fibonacci extension, horizontal swing low support, bullish divergence) and we expect a strong bounce above this level to at least 82.90 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing strong support above the 8% level and also sees bullish divergence vs price signalling that a bounce is impending.
Correlation analysis: We’re expecting overall JPY weakness with bounces expected on AUDJPY, USDJPY and EURJPY. Hence this falls very nicely into a correlated move.
AUDJPY bouncing nicely above support, remain bullishBuy above 85.34. Stop loss at 84.97. Take profit at 86.08.
Reason for the trading strategy (technically):
Price is bouncing nicely above our buying level from yesterday. We remain bullish above 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is bouncing nicely above strong support at 5.5%.
