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AUDJPY Technical Analysis and Trade IdeaIn this video analysis, we closely examine the AUDJPY currency pair. We've identified a break below a prior low, indicating a downtrend. Considering the present weakness in the Australian dollar and the prevailing strength in the yen, I'm eyeing a potential selling opportunity. At the moment, the price has stretched significantly into a crucial support area. As outlined in the video, we're anticipating a potential pullback, particularly around the New York open, provided the conditions discussed in the video align. It's crucial to note that this analysis is purely for educational purposes and should not be construed as financial advice.
Short
by fxtraderanthony
AUDJPY Technical Analysis And Trade IdeaRecently the AUDJPY pair exhibited a notable breach in market structure, signalling a potential selling opportunity. This video looks at this trend, offering a quick analysis of price actions across both weekly and daily charts. It's important to underscore that the information shared is for educational purposes only. While the analysis offers valuable insights, it's imperative to avoid interpreting it as personalized financial advice or guidance.
Short
by fxtraderanthony
Trade Idea AUDJPY Short📉 Trade Idea: #AUDJPY Short 📉 📌 Entry: Sell Stop @ 95.53 🛑 Stop Loss: 94.154 🎯 Take Profit 1: 94.914 🎯 Take Profit 2: 94.291 🧐 Trade Analysis: - 📊 1-Hour Divergence: A bearish divergence signals potential downside. - 🔄 Inverted Head and Shoulders: This pattern often indicates a reversal to the downside. - 📈 4-Hour Range: The pair is currently ranging, offering a potential trading opportunity. 📚 Educational Insights: 1️⃣ A bearish divergence occurs when the price is rising while the indicator (e.g., RSI or MACD) is falling, suggesting a potential reversal. 2️⃣ Inverted Head and Shoulders is a bullish reversal pattern, but when it appears in a downtrend, it may signal a bearish reversal. 3️⃣ Ranging markets provide opportunities for traders to profit from price fluctuations within a specific range. 📊 Remember to manage your risk and use proper position sizing. #TradingTips 💡 📢 Disclaimer: This is not financial advice. Trade at your own discretion and risk management. #ForexTrading #TechnicalAnalysis 📈💹
Short
by T-Q
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