- From now on AUD can behave according to the MARKET SENTIMENT this week. The reason for this is that apart from yesterday's RBA MEETING, there is no significant ECONOMIC INDICATOR NEWS today. The same goes for JPY. So most likely AUDJPY will start following the current market SENTIMENT and COMMODITIES PRICES. So if a JPY WEAKNESS comes further it can continue...
AUDJPY has Been Falling in a Falling Wedge Consistently. But Since a Week it's kind of Raning in a BOX, we can take it as Breathing but i still Believe it has More Potential to fall .
Look for Shorting it from the Area Marked in Eclipse .
Currently, AUD/JPY is trading at 75.58. The pair is trading in a down trend from some time and now moving towards the resistance level. It can rebound after touching resistance level and touch small support level at 75.30. If it breaks the support level at 75.30 it can go further down till 74.94.
Follow proper risk management strategy to avoid unnecessary losses...
Currently, AUD/JPY is trading at 76.26. The price is moving in up trend by making higher high and lower low pattern. The pair may start a new down trend if it breaks the support level at 76.08, likely It is possible that the pair may rebound back after touching support level to continue its up trend. If the pair starts a new down trend after breaking the support...
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Currently, AUD/JPY is trading at 75.20. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in a down trend in a descending triangle pattern. There is a great possibility that the pair will rebound back from its support level. But if the price breaks the support level at 74.87, then It may start a new down trend and its...
Price recently created a double top formation on 4h timeframe and broke below the structure. I want to see a pullback into between 0.5-0.618 fibonacci levels which matching with the neckline of M formation. After the rejection and if the rejection happens i will go down to smaller timeframe for better RR short entry. Target is as shown where the daily wicks are. Enjoy
What I'm looking for on Daily TF:
1. Price to form a Daily bearish variation and pullback from current area
2. Price to find support at a previous level of Res.
3. Price to form a Daily Bullish Variation
What I'm looking for on H1/M30 TF:
1. Price to break uptrend structure
2. Bearish structure until Price reaches previous Daily LH zone
3. Break of bearish...
price is moving in an upward channel and is approaching the resistance trendline. ABCD pattern was identified. Once reversal candlestick is formed, D will be our entry point which is 70.875 and possible exit is 69.533.
