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Audjpytrade

AudJpy- I expect a violent dropSince the beginning of November, AudJpy has risen 800 pips (more than 10%) and, as we can see from the chart, it almost has no correction. I think things are about to change and the pair will dive. From the technical point of view, AudJpy made a small double top after it passed above 80 and the Friday close found the pair just in confluence support of the ascending trend line and neck-line. A break here will be the signal that the pair started correcting and the target for such a drop can be 77. Also, a short trade for this pair has a 1:3 R:R ratio
Short
by Mihai_Iacob
1
AUDJPY 180 pips bounce was expected will it reach September highAUDJPY ********* ⏳H4 chart 🎲 Detailed analysis ⛳️Bullish entry / Alternative bearish entry —————-❇️——————- Detailed analysis 💬 1️⃣ Bullish flag formation 76.000 support 2️⃣ 76.550 October month high 3️⃣ Positive risk sentiment, Vaccine news 4️⃣ 75.800 50% Fibonacci Dynamic support and resistance 5️⃣ 78.450 September high acted as strong resistance-Key trend reversal area 6️⃣ 75.640 Point of control - Volume profile 7️⃣ Technical support - Bullish 8️⃣ 78.450 will acted as key reversal-bearish 9️⃣ AUDPY trading within a broad rising channel 🔟 Possible swing target-78.450 #️⃣ Overall long-term trend- Bullish —————-❇️——————- 📉 Technical bias-Day-Bullish Price is above 50,100,200 Exponential moving average 50 Exponential moving average will act as support-Bullish Relative strength index - well above 60 - Bullish trend MACD -Histogram is still in green zone, Oscillators are pointing upward Stochastic - Reached around 75- overbought condition will give a short term fall back expected Ichimoku cloud -cloud is still red and about to turn as green-Price is well above the cloud Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band was expected —————-✳️——————- Key reversal area's 72.000 psychological level 75.640 Point of control area Volume analysis 78.350 Sep month high 76.200 Break and retest area 78.000 Major psychological level 76.450 Possible entry- Bull 78.350 Sep month high/ Alternative bearish entry —————-✳️——————- [bBullish entry #yen #kiwi #nzdjpy Entry price - 76.450 Take profit 01 - 77.300 Take profit 02 - 78.350 🚫 Stop lose 79.950 ⬆️ 2.49 Growth expected ⤴️ Account growth .65: 2.49 ✅ Risk reward ratio 1 : 3.8 —————-⚜️——————- Push the like button , And cheer up if you found useful
Long
by forexorbit