AUDJPY on the daily chart, retrace from the previous high, until the 75 level. Market starts a range move but couldn't break below. Currently, the price is testing the 76 level and if the price will manage to break and close above it we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure ->...
I have entered a short position on AUFJPY for the following reasons: 4 hour fib retracement to the 78.6% area, which has previously been a good area of resistance There is the formation of a double top at this 78.6% area, enphasising the potential for a downward push A glance at the 4H linear regression shows that price is currently above the mean and also...
We are looking for buy entry above the 75.750 when price is back in buyers territory. Overall price is still in sellers territory on H4 and daily time frame so like we said before, we will look for buy entry above the 75.750 level.
AUDJPY is testing 1st resistance, where the 38% and 62% fib retracement are, we are likely to see a reversal from here !
AUDJPY is approaching 1st support where the horizontal pullback support ,50% fib retracement and 61.8% fib extension are. Stochastics also show that price is reaching support.
AUDJPY seems to have come up to a level of resistance that it has to get through. one can also see that it has respected the 200MA that seems to have turned into resistance. If we make it up closer to the 200MA id use it as a level to short around for a good Risk/Reward
🔸 WEEKLY CHART EXPLANATION: . . 🔸On the Weekly Timeframe, we can observe that price has been moving on a Descending Channel since 2015. . 🔸Now, it has bounced at the upper trendline, making a lower high. . 🔸We consider that this pair has potential to make a downside move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART...
AUDJPY is testing the descending trendline and the sell entry , further drop expected ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze...
Description : AUDJPY reversing from 1st resistance where the horizontal swing high ,78.6% fib retracement and 78.6% fib extension are. Stochastics also show that price is reaching resistance. Trading Recommendation Entry: 75.867 Reason for Entry: horizontal swing high ,78% fib retracement and 78.6% fib extension Take Profit: 75.296 Reason for Take...
Price is approaching key resistance where we could see a reversal below this level.
Price is approaching key resistance where we could see a reversal below this level.
AUDJPY Short idea Weekly Trend: Bearish Daily Trend: Bearish Trade scenario 1: Price action continues with the bearish break and forms a lower high below our daily structure. Look to enter short on strong bearish setups, target lower toward key support and negative fib levels. Trade scenario 2: Price action reverses and breaks through our monthly resistance at...
AUDJPY on the daily chart hit the ema and turn back for a possible new bearish leg. On the 4h chart the price hit the 0.786 fib retracement over a daily resistance. IF the price will manage to break and close below the 4h structure we can set a nice short order according to Plancton strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis,...
AUDJPY broke blow the 50% fib retracement where we see as a downside confirmation. A further downside could be opened from here towards 1st support. MACD is also showing signs of bearishness.
AUDJPY is reversing from 1st resistance , further drop expected!
AUDJPY is testing the descending trendline and the sell entry , further drop expected ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze...
AUDJPY is pulling back to the ascending trendline and 1st support where the 61.8% fib retracement is. Price could bounce there towards our 1st resistance. Ichimoku also indicates that further upside could be seen from here.
WAVE 3 ENDED AT 1.618 FIB LEVEL. WAVE 4 STARTED. TARGETS ARE 75.39 AND 76.28. SEE CHART.