AUDJPY brokeout above the downtrend resistance. RSI is printing a bearish divergence signal. The market is printing a double top reversal pattern. Potential retest of the downtrend resistance + fibonacci retracement levels. Sell entry - breakdown below the double top neckline support ⬇️.
AUDJPY is reversing from 1st resistance, where the horizontal swing high and 76.4% fib retracement are. Price could reverse further towards our 1st support where the 78% fib extension and 38% fib retracement are. Stochastics is also showing signs of bearishness.
AUDJPY on the daily chart is moving inside a descending channel. The price just hit and got rejected by the upper trendline, creating a double top formation. IF the price will break below the ema and consequently break the support structure we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure...
Aussie has been strong throughout this entire election time, and it's still dominating so I'm lookingfor this to push higher. In this specific setup tho, there was a huge push to the upside and price has retrace and find support so I'm looking for more bulls to the upside.
This week started with a impulse movement. Yesterday things calmed down and managed to form many models of technical analysis that allow us to trade. Triangles are currently forming in many places. But still a small part of them have broken through and started executing, so they need to be monitored. But the triangle at AUDJPY already has a break and has...
AUDJPY is retesting 1st resistance, where the horizontal swing high and 76.4% fib retracement are. Price could reverse further towards our 1st support where the 78% fib extension and 38% fib retracement are. Stochastics is also showing signs of bearishness.
AUDJPY after perfectly bouncing over the monthly support at 73.350 has started a new bullish leg. The price has reached the descending trendline below a daily structure at the 0.5 fib retracement of the previous leg. IF the price will break and close above we can set at the retest a nice long order. IF the price on the other hand will be rejected we will look for...
AUDJPY Short idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Price action forms a higher low at our 75.000 handle and gives us strong bullish setups. Enter on a strong bullish setup & break of the resisting trendline. Target higher toward 76.000 Trade scenario 2: Price action goes bearish. Look for a lower high to form...
AUDJPY is testing the descending channel resistance. Price brokedown below the trendline support. RSI trendline breakdown. Sell entry - breakdown below previous swing low ⬇️.
AUDJPY testing trendline , further drop expected !
AUDJPY has reached important key level, where it'll start reversing. Breakout + retest of the trend line gives us a strong indication to open a short position.
AUDJPY retesting 1st resistance, more downside!
While US elections are transforming in a thriller that reaches its final word, we're looking at AUDJPY is being cheeky where it is. First of all, price recently broke a long-term falling wedge and after that it managed to hit the 75.xx level and since then we notice that buyers and sellers have slowed down the tempo, hence the moves are more clean. At this...
AUDJPY reversing from 1st resistance , further drop expected!
AUDJPY testing trendline , further drop expected !
AUDJPY is testing 1st resistance , further drop expected towards our 1st support where the horizontal swing low is.