Wait for price action, AUDJPY could possibly bounce again up after testing level 78.5 TP: 80.2 SL: 78.45
SHORT #AUDJPY Back Side of the Trend Line Below Short Term Down Trend Line 0.236 Retracement of Down AB Swing Target 1.272 of Previous down AB
Positive - Good Fakey Setup - Good Support Line - Good Support Zone (Level) Negative - Last candle is not good confirmation - Strong Bearish Pressure Conclusion - Setup rely on support line, if it breaks it negate this setup - Need to see next 2-3 Candles Comparison to recent fakey setups ( As shown in diagram ) - 3 out of 5 worked with good R:R, they were...
FX:AUDJPY Safe Trades;
This is a trend continuation trade that i have on my radar today. Short possibilities show up on this pair after the break of structure to the downside and so the continuation of the downtrend. I'm currently waiting for a retracement back into previous structure. When the retracement gets into my "potential reversal zone" i'll be looking for indications of...
-Daily price has formed a box consolidation between zones 86.1419 (resistance) & 79.7630 (Support) -Price has touched these zones at least two times on each end (even witnessed a fake out) -Price has broken out of consolidation area (forming a very unconvincing big shadow candlestick) For the last kiss strategy to qualify: -I would expect price to move away from...
there is a emerging butterlfy on AUDJPY. extention 1,27 touch a support zone,already touched on februar. we have also a divergence
Several levels of resistances lining up here for the AUDJPY. Keeping a close eye on the hourly chart for price action clues before attempting to go short on this.
Selling AUDJPY near this weekly trend line as we are still in a down trend when looking at the bigger picture.
AUDJPY daily timeframe shows a rejection off the 61.8% fib level and also a retest of the daily broken counter trendline. Not only this we have a 3rd touch and bounce off the dscending resistance trendline. Looking for a strong downward move with targets at the 80.00 support zone.
- Doji candle formed - Key bearish resistance (green line) - Candle formed below strong support at 86.000 - Previous break and retest of yearly bullish support (red line) - Continuation of bearish market sentiment THOUGHTS??
POTENTIAL TREND CONTINUATION ON AUDJPY Price is starting to get rejected @ the 84.2 area and also testing the 50 EMA.. If price holds there could be a move to the downside.. Waiting on daily candle to close to see what will happen.. Right now I'm on the side lines just watching for now! :)
SELL LIMIT 84.1 SL 84.784 TP 80.383 SELL LIMIT 85.407 SL 86.771 TP 80.383
FX:AUDJPY www.tradingview.com Safe Trades;
AUDJPY has been moving down on the larger time frames. Here we have a potential bearish bat pattern that could provide a good entry for getting in on the larger trade. Entry at 83.40. Stops above X at 83.85. Target 1 at 82.50 (.382 retrace), and Target 2 at 82.05 (which is slightly above the .618 retracement).
AUDJPY has been trading in this descending channel on the weekly and daily charts for some time now. This trade maps out some potential opportunities within the channel. Recently, market broke minor trend, and support level at 84.00. Target 1 above 80.00 level (a key mental number) which also coincides with recent and distant key support levels. A potential Target...