Audjpysell
AUDJPY - SWING - 14. MAY. 2020Welcome to our weekly trade setup ( AUDJPY )!
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1 HOUR
Bearish market dropped below our main sr level.
4 HOUR
Overall very strong waving market structure..
DAILY
Expecting another push to the downside, great short entries!
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FOREX SWING
SELL AUDJPY
ENTRY LEVEL @ 68.900
SL @ 69.610
TP @ 67.870
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDJPY- BUY OR SELL?Is the price going to respect the up channel?
We have a strong resistance,
but JPY is weak, and the chances
are high to break the resistance.
Wait to break the resistance to have confirmation to buy at 70.70
To sell. We already have two rejects,
it's formed a pin bar but it's not a proper confirmation.
Wait for the price to test the resistance again for a confirmation.
AUDJPY SHORTas you can see it broke out of the rising wedge and retested giving me a great short entry.
I expect this to continue to the downside until next support - if it breaks support and becomes resistance, i will await retest and engulfing to scale in another potential position to the 0.618 fib region
AUDJPY Reversal is possible Hello friends, the daily candles in AUDJPY are getting smaller indicating that the bulls might have run out of steam.
I will expect risk aversion to hit the market very soon once the market participants focus on the gloomy economic outlook of the world.
So, when that happens, currencies like AUD will take a hit and Japanese Yen will gain strength. So, AUDJPY could drop very sharply.
AUDJPY SHORT SUPPLY ZONEI'm not thrilled about this setup but as I said in my previous published post, the AUSSIE might be losing strength for a big drop soon as the Aussie ETF shows price leaving a quality supply zone. And since the Yen ETF shows it rallying, I believe price on the AUDJPY will drop as it enters this 4hr zone. But as you can see, I'm setting up for the smaller sz inside on the 1 hour chart for a 5:1 R:R.