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Potential shorts incoming on AJ. 79.600 looking to be targeted.
Hy dear Members hope you all are enjoying our ideas and Analysis. Now we are here to discuss about AUDJPY. AUDJPY has Breaked the main trend line now it has maximum Chances that it will drop to the Price level 77.200 Keep in touch we will update Further soon.
We posted analysis on this pair last week on our profile expecting a break of our chart pattern. We have seen that break today! Will we continue to see downside movement throughout the week or will price retrace?
As simple as a 4hr resistance, break and retest. For sells, we need that long term trendline broken.
📚 LEARN MORE 💰 EARN MORE With ForecastCity FLAG pattern Definition: A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole. A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction. After an uptrend, it has a downward slope. After...
AUDJPY has been on tremendous upside rally but recently paused for corrections on H4. The bullish wedge pattern interjected with a break of the trendline may likely cause the pair to go down after the correction N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
A key long term resistance zone. Price is getting squeezed in this rising wedge type structure. This week we've seen indecision with increased sellers in the market at this key level. Will we see a break of structure and move to the downside? Happy Trading. And always manage risk!
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (78.11). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
Nice market breakdown as to why I'm taking this trade for you all. If we were to look on the higher timeframe on the 4hr you will see this pair has been bullish for some time now. We have witnessed a break of this trend and a nice impulsive move down. After the push down we saw a very strong impulsive move back up showing us a reversal. This is what peaked our...
Hi guys, this is my idea only. Please message me privately if you would like to see for my trading strategy e.g. how to use EMA, Price Auction and MACD strategies etc.. I would give my ideas on 10 different items each week here. My main trading strategies are on trend and swing trading and my positions are on H1 and H4 only. I don't do intraday trading in M1-M5...
Very aggressive counter trend short term move under the 1hr support to the bottom of the channel. Once the highs are broken, looking long on a 4hr close above