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Australian Dollar / Japanese Yen

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AUDJPY trade ideas

AUDJPY Massive Long! BUY! My dear followers, I analysed this chart on AUDJPY and concluded the following: The market is trading on 97.118 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 97.608 Safe Stop Loss - 96.835 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
4
AUDJPY SELL FX:AUDJPY Preference: After a brief bullish trend, this particular currency pair experienced a sudden and sharp downward movement, which was halted at the level of 96.900. However, the price was unable to sustain this rebound and eventually pulled back, retracing to the .50 Fibonacci level. This retracement resulted in the formation of a potential double-top pattern on the 2-hour chart, which is often considered a bearish signal. As a result, we may anticipate a further decline in the price, with the next possible support level being the .236 Fibonacci level. At this level, the price will be tested for support once again, and it remains to be seen whether the pair will continue to fall or recover from this point onwards. Alternative Scenario: If the buying or selling pressure is not strong enough to push the price beyond the .382 Fibonacci retracement level, then the prevailing upward trend in the market could remain intact.
by TKProphet