💡Don't miss the great sell opportunity in AUDJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (84050).
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 27.
Take Profits:
TP1= @ 81.970
TP2= @ 80.620
TP3= @ 79.520
TP4= @ 78.850
TP5= @ 77.460
SL: Break Above R2
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AUDJPY
💡Don't miss the great sell opportunity in AUDJPY Trading suggestion:
. There is a possibility of temporary retracement to the suggested resistance line (83.92).
. 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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.60.
Take Profits:
TP1= @ 83.48
TP2= @ 83.15
TP3= @ 82.93
TP4= @ 82.68
TP5= @ 82.17
SL= Break below S2
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💡 Don't miss the great sell opportunity in AUDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (84.47). 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 dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 83.41
TP2= @ 82.40
TP3= @ 81.35
TP4= @ 80.45
TP5= @ 79.05
SL: Break Above R2
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💡Don't miss the great sell opportunity in AUDJPYTrading 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 dynamic support.
. The RSI is at 30.
Take Profits:
TP1= @ 77.46
TP2= @ 76.96
TP3= @ 76.50
TP4= @ 75.42
TP5= @ 74.90
SL: Break Above R2
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📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction📚 LEARN MORE
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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 a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag.
A bearish flag is known as a Bear Flag.
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
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LONG AUDJPY BUY areas , High Probability tradeI will go LONG on AUDUSD because:
1) The price is under Support/Resistance zone.
2) It has touched the support and may reach the resistance zone .
3) Target would be the Resistance area . Book profit when it reaches the resistance zone .
4) The price is also forming a Chanel or Rectangle Pattern .
Don't miss the great sell opportunity in AUDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (75.2). 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= @ 74.65
TP2= @ 73.95
TP3= @ 73.30
TP4= @ 72.50
TP5= @ 71.80
SL: Break Above R2
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Don't miss the great sell opportunity in AUDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (74.55). 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 dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 73.90
TP2= @ 73.30
TP3= @ 72.50
TP4= @ 71.05
TP5= @ 69.90
SL: Break Above R2
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Now, It's your turn!
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ForecastCity English Support Team ❤️