H4 time frame. Structure: Uptrend. Currently, AUDJPY is forming a divergence at the price area of 82,000 - the 50% Fibonacci zone of the previous WXY up wave. Here, wait for the price to break the Key level at 84,000 and complete the bullish reversal pattern, then you can find buying opportunities. The profit target is the 87,500 price...
After a fake breakout under bullish flag, AUDJPY again covered all the last week bearish candle and retouch the flag under line. SO, based on my view, its time to long AUDUSD with stop loss 79.80.
Happy Weekend! However, the grind never stops. This is a good R/R trade, depends on how you trade the idea and your plan but it is best you stick to your trade plan. Technical view: AUDJPY - Daily Support: 82.955, 82.405, 82.110, 81.200 Resistance: 84.180, 84.444, 84.865, 85.415 Pattern: Wedge - Double top How to trade this idea: For further confirmation...
Hi. Plotted on the 1D chart is a diagonal support line. It has recently been broken. On it I've also pointed out the near crossing of the Ichimoku conversion line and base line. The MACD is also turning away from its signal line in a downward direction and if the trend continues is will also soon pass the top line of the Williams. In the 4h chart the MACD and...
AUDJPY - Trade Idea! Technical view: Support: 84.215, 83.880, 83.515, 83.375, 82.975 (Keep an eye on 50EMA) Resistance: 84.760, 84.940, 85.460, 85.915 Pattern: Wedge Technically we within a small range at this current moment of time. A break to either direction to next support or resistance zones. Add alerts to make it easier to trade either direction! ...
AUDJPY Technical view: Pattern: Descending wedge Support: 80.185, 80.005, 79.815, 79.605 Resistance: 80.520, 80.660, 80.845 Bearish Confirmation Below: 80.185 How to approach the trade idea: - Follow your trade plan - Add an order where you think a confirmed break below would be - Checking the sentiment of the market for further conviction - Wait for break...
Price is trying to breakout above resistance. We can see a buildup in momentum so we just need to wait for confirmation with closed candle above this level.
Audjpy - daily chart - expecting a deep swing lower on this pair as aussie dollar weakness.
AUDJPY - We've had get bullish momentum for a while...! Let's go through some important fundamentals announcements: JAPANESE PM ABE HAS RESIGNED DUE TO HEALTH REASONS. Now, that drove increased yen and the indices, due to pressure occurring. Technical aspects of AUDJPY: We are in a wedge formation, looking at daily chart. Long term channel bullish Bears in...
#AUDJPY (update) In 1D Time frame, AUDJPY has been forming Ascending Triangle Pattern. At the Moment, It's Facing Major Horizontal Resistance (76.770) & On the Verge of Breakout As Well. Now, There Are two Possible Scenarios, 1- If Bulls Cleared the Major Horizontal Resistance, Expecting Upside Breakout 2- If Trendline of Triangle Broken, It Might test...
7-week hold resistance being tested for 5th time - breakout coming?
Hope you all enjoyed your 330 pips combined on my aussie trades last week!. Here is my outlook for what is next to come. So the bottom purple zone was resistance but has been absolutely rekt so now we look to come back down to retest it (confluence one), The two purple trend lines shows a wedge which has been broken so we also look to come back and retest this...
Sorry for the mess, I HATE MESSY CHARTS but their is a lot going on right now...No one seems to be talking about this broken and retested daily wedge. I will not be taking any trades on this pair until after the daily closure. If we close above the yellow resistance trend line then we potentially have 78.00 on the cards. I wouldn't be short on this pair until the...
There is a potential buy opportunity on the break and retest of the resistance zone , and there is a potential sell opportunity on the break and retest of the support zone.
AUDJPY has recently bounced off of a weekly trendline....and has since moved up impulsively! The pair is forming some sort of a bull flag currently...and will possibly see a move higher...
Clear breakout of the H&S neckline All on chart :)
Ending last week we speculated price moving with high bearish momentum to Key Level of Support but before price reaches this level, it has to break its minor consolidation support before we can begin looking for bullish opportunities at Key Support. Previously what price action has shown us at our Key Level of Support is Buyers Entering the Market with High...
Looking at a possible trend continuation on the AussieYen, we are in a major downtrend which leads me to believe that price made it this far below for the 3rd time, price may very well reject off it's previous swing low and continue to our Daily Support. Let's say price does continue short and price rallies at our support, we can then find Bullish reversal...