Mid-Term Forecast: Trading suggestion: In the daily chart, if the price reaches the support line 76.80 then rejects from it, there is a Buy trading opportunity. and also, if the price passes the support line and is able to break the uptrend, there is a Sell trading opportunity. Technical analysis: . The price is above the 21-Day WEMA which acts as a...
If you are looking for a buy or a sell I feel price will use these prior zones to find its way through structure in price movement .
AUDJPY on the daily chart has been moving inside an uptrending channel. Recently the market broke the weekly resistance and went up till the daily trendline. Price got perfectly rejected and now is lookg for a retracement. ON the 4h timeframe we can expect the price to reach the minor structure at the 0.382 fib level and probably go for a test of the weekly...
Hi Australian data (weak GDP, RBA below hawkish expectations and Retail sales overnight) plus short term chart are against the bulls. If we add negative sentiment during the New York session (still 2 hours and anything can happen there), we do have good ground for short positions; Selling rallies towards 77.55 / 75 Stop above 77.95 Target 76.15 Good luck
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 AUDJPY technically based idea, we can see price is bounce from top trend line, its break structure,...
Price is facing bearish pressure from our downside confirmation, where we could see a further drop towards 1st support at 77.13 if price breaks below downside confirmation at 77.61. MACD is also indicating more bearishness to come.
AUD/JPY has broke the key support of this triangle located at 78.015. I expect the price from current price to drop about 45 pips, which is my T ake profit . Place your stop loss above the downtrend line of the descending triangle. Tibor.
Price is facing bearish pressure from our downside confirmation, where we could see a further drop towards 1st support at 77.43 if price breaks below downside confirmation at 77.90. MACD is also indicating more bearishness to come.
Price is facing bearish pressure from our 1st resistance where the 127.2% fib extension is. We could see a further drop towards 1st support at 77.90 at the horizontal pullback support. MACD is also indicating more bearishness to come.
Could see a drop and retest of the triangle AJ broke out of. I don't usually trade against the trend but this looks pretty safe. Run a tight stop.
Price is facing bearish pressure from our 1st resistance where the horizontal swing high lines up with the 61.8% fib extension. We could see a further drop towards 1st support at 77.10 at the horizontal swing low. MACD is also indicating more bearishness to come.
AUDJPY Long idea Overall we are very bullish on AUDJPY and we are going to continue looking for long opportunities. Where current price action is we can not make a high probability trade. Ideally we want to see structure form, look for a retracement to either the 38.2% or 61.8% fib level with a confirmed higher low. Look to enter on strong bullish setups...
So price broke out of the triangle finally and is now in 5th and final bull wave, of course we could always seen an extended wave but I'll cross bridge if it happens. Once price reaches 79.9XX area that is where we could see a major reversal, for one that area would be 1.618 of Wave 4 and also it is the .618 Fib Level of the September 2017 Swing High, so it should...
AYDJPY after the retracement on the weekly structure around 73.200 area started a new bullish move. Market hit the previous recent high around 76.600 and got rejected twice starting a range between the daily support and the weekly resistance. Currently the market seem to push the price for a break and is the candle will close above we can look for a nice long...
AUDJPY is testing the upside confirmation, we might see a further bounce if price closes above the level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks