AUDJPY : update trading at 81.03 Currently trading above 50 days MA as per weekly Chart Target 85.00-90.00+91+ Wait and target in next quarter 1 standard Lot for capital of 20k with Taking risk of 20% target 45% of profit If you Have any Query Feel free to ask . Thanks , Regards Reshad Ahmad Kabul Afghanistan Email : reshad@maiwandbank.com
Reason: 1. Mitigated 50% weekly OB 2. Break of structure 3. Divergence
Break and retest of the zone will move price to the downside
Based on several confluences, AJ seems to be in a short term buy right before a long-term sell. I am anticipating a rise of 20 pips from current price 81.462 upwards towards the 81.486 level and then a steep drop to test lower level price averages and liquidity grab.
Looking for price to push up into the potential yellow reversal zone and then sell off.
Pure price action, Price is already showing some bearish reaction from resistance. It is expected that there will be a break of this rising wedge. What do you think?
The currency pair is in a downward price channel and is trading at the moment near the upper border. I think that the selling pressure is making itself felt and the trend will not just change to a bullish one. I expect a test of the upper boundary and a fall to support 79.85, formed by the lower boundary of savings formed in January...
Dont forget to like and if you have the opposite opinion just comment so i can improve my idea next time