Audjpyshort
AUDJPY 6h shortDear friends,
Welcome to another analysis.
Here I'd like to short my AUDJPY pairs. Currently the price is travelling in a downtrend. Price is in the verge of a breakout. But the down trendline is very strong. Chances of breakout failure is high. Now all the AUD currency is at the resistance. So, the price is likely to fall further after the US market opens.
If you look at this chart the price has a strong resistance to retest to go to the downside. Price is constantly testing the down trendline on the upside but unable to break it. So, it is likely to fall further. 1:2 RR is more than enough for a profitable trade. But more than 1:2 can be expected. Till 88.470 there is no support.
Price has formed the double bottom at the end of the down trendline. A little bit of chance that this double bottom can hold this down trend fall. Currently there is a normal buying pressure. So, sellers can open their short position.
Look at the chart attached for a better clarity. Avoid buying in breakout as there is a resistance. So, buyers can be trapped easily.
But it is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
AUDJPY - Selloff expected ✅Hello traders!
‼️ This is my analysis on AUDJPY .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect bearish price action from here, as price filled the imbalance and rejected from bearish orderblock.
Like, comment and subscribe to be in touch with my content!
AUDJPY It's Enough Now Go Down and Give Us ProfitGuys Enough is Enough...
AUDJPY is at a Strong Resistance Level and It has to go down no matter what!
Enter the Trade...
Set your TP for 30-50 PIPs, Whatever you beleive is right, I'm personnaly taking 30 for 80% of my contracts and 20% for the Rest
Enjoy the Analysis, Give me a Follow and a Boost, I'll love it as it's my new Profile...
Hope, I've talked Enough so let's get to the trade...
Aud/Jpy Short Trade UpdateHey Guys!
As you guys know, the weekly bias on the aud/jpy was short. Or in other words, price was likely to reach 87.30 before reaching 98.66.
In this post, I explain the reasoning for this bias, as well as an review of the set up.
Have a great day guys!
I'll keep you updated!
Ken
AUDJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on AUDJPY .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish orderblock.
Like, comment and subscribe to be in touch with my content!
AUDJPYAUDJPY The structure is bearish price went up to fill the 3rd pick from the resistance trend and now continuing with the original trend. Thou obviously the structure was bearish creating LLs and LHs and we will be waiting for this future move to break the previous LL to form another lower low and head up to create the new Lower high.
AUDJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on AUDJPY .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I have 2 POI, first one I see price to start bearish price action from here as price rejected from bearish orderblock or it could go higher to fill the imbalance and to reject from bearish orderblock around 93.500
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
Like, comment and subscribe to be in touch with my content!
AUDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.