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Audjpysell

AUDJPY - head and shoulders What Is a Head And Shoulders Pattern? A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. locally I will look for an entry point. Globally the growth began.
Long
by Yuriy_Bishko
14
AUD/JPY SHORTFrom the weekly and daily time frame i can see that the price is in a uptrend as shown by the light blue trend line. In the 4H time frame I can see that the price respects the pink ascending channel as shown by the golden ellipses drawn at the intersections. I see that the price has broken the lower pink trend line indicating a possible trend line breakout. As drawn by the grey path I expect the price to retest back to the lower pink trend line and fall until it reaches the purple trend line that was drawn in the 1D time frame, showing that a trend line breakout is happening.
Short
by wookyu2001
AudJpy- I expect a violent dropSince the beginning of November, AudJpy has risen 800 pips (more than 10%) and, as we can see from the chart, it almost has no correction. I think things are about to change and the pair will dive. From the technical point of view, AudJpy made a small double top after it passed above 80 and the Friday close found the pair just in confluence support of the ascending trend line and neck-line. A break here will be the signal that the pair started correcting and the target for such a drop can be 77. Also, a short trade for this pair has a 1:3 R:R ratio
Short
by Mihai_Iacob
1