AUD/JPY Trade Analysis – 15-Minute ChartMarket Overview
The AUD/JPY currency pair is exhibiting a bearish trend on the 15-minute timeframe, with price action remaining below the 9-period EMA, signaling continued downside momentum.
Trade Setup
Entry Price: 93.525
Stop Loss (SL): 93.902 (above the entry, marked in red)
Take Profit (TP): 91.790 (marked in green)
Risk-Reward Ratio: Favorable, with a larger potential reward compared to the risk.
Technical Outlook
The market is in a downtrend, confirmed by lower highs and lower lows.
Price has briefly retraced but remains below the 9 EMA, indicating that bearish momentum is intact.
A break below the recent low could accelerate selling pressure towards the 91.790 target.
Trade Scenarios
✅ Bearish Continuation: If the price respects the trend and moves downward, the trade is likely to reach TP.
❌ Bullish Invalidation: A break above 93.902 (SL level) would invalidate the trade, signaling a shift in momentum.
📌 Conclusion: This trade setup aligns with the ongoing bearish trend, offering a high-probability opportunity with a well-defined risk-to-reward ratio.