AUDJPY Long Position Continuation In Near TermAs can be seen in the chart above, AUDJPY is following the trend line very well, and I expect the uptrend to continue in the near term. I feel it will test the next resistance level of 69.800, which is where I have kept my take-profit level. There may be some volatility in the pair because of the upcoming CPI news announcement for AUD, but nonetheless, I feel that the strong uptrend will continue and test the 69.800 levels.
Audjpytrade
AUDJPY LONG! Some Stairway Levels To ConsiderBias is Weak JPY Vs Strong(est) AUD (IKR/ No Kidding!) on various time-frames including Daily.
Resultant: Buy/ Long!
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AUDJPY LONG! Price currently trapped at Buy-Zone Daily Charts Upside targets marked for potential Buy/ Long strategy.
Not included here is trend line that could lag Long setup.
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AUDJPY SHORT Hi guys, what a week ! Lots of movement in the market this week which is good to see, my bias for this pair is short (sell). I am looking for a spinning top or doji candle formation on the Daily time frame as another confluence to take this short and to allow the temporary bullish momentum to slow down. If this does form I will be scaling down to the 4hr and 1 hr time frame to look for a better wick entry. This is a long term trade so don't put a huge lot size on lets swing trade this down to the -61.8% fib level.
400 PIP GAIN 8/1 RR
AUD/JPY Potential Short Idea | Trading Institutional Order FlowIf we see a pullback, back into the yellow box when the new week opens, I will be most likely looking to short AUD/USD to take out the equal lows created that are marked up. This looks like a pretty solid setup, with it being on the daily chart .
**Education Purposed Only**
- Will