Overall LONG trend on the pair that needs to be supported by a short-term sell for the rally to continue to the upside. Market printed a 'W' formation on the Weekly and the SHORT is based on the retracement to the neckline of the structure. Confluence is further supported by an increase in LONG contracts of Hedge funds in Canadian Dollar, strengthening CAD...
Observe and pending price action confirmation, short AUDJPY around 74.640 with an aggressive stop at 74.750 (or conservative stop at 75.200) targeting profits at TP1: 73.000 TP2: 69.935 FOREXCOM:AUDJPY
This is my view on AUDJPY. Waiting for Correction to entry. Please share your view on the comment below. Thanks
After Test 3rd Touches can strong sell in downside. ThankYoU
after complete rejection sell in downside. ThankYoU
We can see completey downside movement continueas per price action. ThankYou
Rising Wedge formation completing we can see continue downfall after Broken the Structure. ThankYou
WAIT FOR IMPULSIVE DOWN AND GET INVOLVE WHEN THE FIRST CORRECTION.
We can see Breakout upside After Confirmation. ThankYou
After Broken the flag can Buy for next impulse. ThankYou
we can see multiple touches in this pattern , and lower time frame looking very intresting for the SELL. ThankYou
Do You know that how impulse and correction market structure actully works, in this example you can understand more better. ThankYou
Double Bottom and Larger flag is more confirmation for the upside. ThankYou
Expecting upside Movement as per chart pattern formation. ThankYou