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Audjpysell

AUDJPY D, reversal pattern forming.AUDJPY has made multiple hits to this Daily resistance zone over the past few months. Once again price has returned to this zone and we see some signs of rejection. In addition, price appears to be forming an ascending flag pattern which is often followed by a bearish breakout. If price does continue to respect this zone over the next few weeks or months, we can look out for a breakout into a sell. There will be other possible short term trades before this happens but this setup once it plays out will be a really nice sell. Note: if this does not happen, we can see price break through this Daily resistance zone and continue buying.
by iamarielle_868
AUDJPY - SHORT {500pip Swing}With a clean double top on the daily and a new lower high just formed, we can now expect a sell to at least 50% of the mini bullrun that started on this pair since around the 18 of March 2020. We have a bearish divergence on the MACD from an indicator perspective and a supporting trendline currently holding price, a break and retest of the trendline would initiate a sell off on the AUDJPY. Stops are 120pips for a Take profit target of 500pips
Short
by mariobillz7
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