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Audjpysell

AUDJPY downtrend Support and Resistance levels It continues as it recently rebounded of the support of June 2016 and january 2019 and also the resistance of january 2020. TRENDLINE It also did touch the trendline of november 2014, november 2017 and did touch it again after the same 3 years difference in november 2020. Head and shoulder pattern we can see it at the resistance of november/december 2019 and november 2020 according to the monthly timeframe. GOLD BOXES ARE TP AREAS FOR DAILY SWING TRADERS These are all proof that the chance of following the downtrend big is. .... Im not a pro trader btw.
Short
by Dion-FX
AUD/JPY ANALYSIS 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE are waiting for conformation: - RSI is give us signal for SELL. - EMA's give us SELL signal. - We are waiting candle to test this zone and go down. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
AUDJPY - Potential Short Sell Trade Opportunity Set UpTaking a look at the intraday price action on AUDJPY we have seen a potential Sell trading opportunity present itself. As you can see from the 1 Hour chart, we have a liquidity gap drive lower on the 21st September 2020 around the 76.32 level marked with an orange arrow. This level could have additional order flow resting here as the sellers who originally drove price lower could look to protect their positions. With that said, we also can see a potential bearish 3 Drive pattern getting created with the first 2 drives already developed. Convergence is key in increasing your trading probability so if we can see price rise around the 76.32 level again and also converge with the 3rd drive of the 3 drive pattern together, this could cause price to react and potentially reject lower. If price does what we would like it to do and starts to look like it could meet this point of possible convergence, then we will be going down to our lower timeframes and watching price carefully before we take any action. What we want to see is a rejection first and then hopefully any additional signs for confirmation in the form of a micro bearish price pattern, structure or inner trend line break to the downside as this can help increase our probability for a short trade. No rejection, no trade and we let it go.
Short
by DavidVillagra
1
AUDJPY 60 PIP SELLAUDJPY showing great potential for a 60 pip drop. We currently have a strong support level which has already rebounded off twice. The 0.50 fib level also fits the line of support very well which further makes me think that the price will once again reach this price. During this time a double top formation has also formed with a very strong neckline on the same support. With price dropping below the 50 EMA and the 10EMA crossing the 50 I can now see the momentum shifting to the downside. TP is set at the 0.50 fib level and SL in line with the double top.
by tradingonthego
2