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Audjpytrend

AUDJPY: Short term sell setupAUDJPY has reached the critical zone of resistance around 76 - 76.50 and has developed the bearish divergence. It gives us the short term opportunity to sell once the support from the most recent up trendline and horizontal level around 75.95 is broken. We can set the sell target around 74.50 which is the next support. The invalidation of this sell trade would be the break above most recent high around 76.75 Please note that the trend on the higher time frames is still bullish and this is only a short term sell trade, therefore set a conservative exposure in this trade. GOOD LUCK !!! FOR YOUR TRADES AND DON'T HESITATE TO SHOW YOUR SUPPORT IF YOU LIKE THE IDEA
Short
by moneytize
AUDJPY Strong Trend Reversal Pattern.AUDJPY has given a good rally from its bottom and now it has given a good breakout from its rising wedge pattern, towards the downside. It has formed a complete head and shoulder pattern at the top, which is an indication of a trend reversal signal so, we might see a longer-term trend will be a downside. Target 1 is on the downside for AUDJPY will be supporting 1, at this point, it might be consolidated for now and then move for target 2, which is support 2 at the downside. IF You Like Idea Do Follow/Comment/Like For More Quick Update As Time Is Money. Note - Trade With Proper Risk Management System. Thanks.
Short
by Fx_Trader_ViSa
AUDJPY At Support Level Of ChannelAUDJPY is consistently rising in the upward trend, we see this trend to continue for some more time, now AUDJPY is trading in channel pattern, the current price level is at the support level of channel pattern we might see a rise in price from current price level towards the resistance level of channel pattern. One can initiate the trade on the long side with stop loss at just below the support level as per the individual risk management system. If You Like The Idea Do Follow/Comment/Like For More Quick Update As Time Is Money. Note Trade With Proper Risk Management System. Thanks.
Long
by Fx_Trader_ViSa
AUDJPY Perfect Trade In PatternAUDJPY is trading in a rising wedge after making it bottom. It is also trading on channel patterns within the rising wedge pattern, as you can see in the chart. Considering these patterns, AUDJPY might show upside movement towards the resistance1. If it breaks out from the rising wedge upside, we might see target2 as resistance2. If You Like Idea Do Follow/Comment/Like For More Quick Update Note - Trade With Proper Risk Management System Thanks
Long
by Fx_Trader_ViSa
AUDJPY Crucial Point Of Trend Continuation.AUDJPY is trading in rising wedge. Now it is trading in narrow range of rising wedge. This means that sooner or later we might see either sideways movement in AUDJPY or decisive trend action after breakout from rising wedge on either upside or downside. If it breaks on upside our first target will be the resistance line of channel pattern and if it breaks out on downside, our target will be the support line of channel pattern. Like/Comment/Follow For More Idea Note - Trade With Proper Risk Management System Only Thanks
by Fx_Trader_ViSa
3
AUDJPY – Buy action might continue higher withouth much restAUDJPY – Buy action might continue higher withouth much rest Trend: Strong Buy Support/Resistance: R3: 74.056 R2: 74.721 R1: 74.526 S1: 74.322 S2: 73.933 Price action: In this case buyers have already reacted and show continuation in their way higher. Sellers are now holding below resistance level at 74.526. Once first resistance get changed to support by breaking method, then we can see potencial targets. Potencial trade idea: Bulls targets: T1: 74.721 T2: 74.056 NOTE – We are trading AUDJPY via the preferred trading setups by EliteFxAcademy
Education
by MP4