ForecastCity_ME

Two Sell opportunities on this chart for AUDJPY

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
Mid-Term Forecast

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (76.1). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40 .

Take Profits:
TP1= @ 75.10
TP2= @ 74. 40
TP3= @ 72.50
TP4= @ 70.00
TP5= @ 67.60

SL: Break Above R2

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Short-Term Forecast

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (76.05). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.

Take Profits:
TP1= @ 75.11
TP2= @ 74.42
TP3= @ 72.50
TP4= @ 72.50
TP5= @ 71.86

SL: Break Above R2

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Comments

Excellent prediction. Thanks for sharing this great idea
+1 Reply
ForecastCity_ME sara-kian-fx
@sara-kian-fx, It's a pleasure.
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ForecastCity_ME sara-kian-fx
@sara-kian-fx, We hope you enjoy it.
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Thanks for sharing
+1 Reply
ForecastCity_ME DenizKilicDeniz
@DenizKilicDeniz, It's a pleasure.
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ForecastCity_ME DenizKilicDeniz
@DenizKilicDeniz, We hope you enjoy it.
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