-After the full week downside the AUDJPY moved upside with the help of NFP data and reached near the supply zone
-Before moving outside for healthy movement need a small retracement for the next round of upside
-the levels are marked on the chart
-in this situation, both sides move could be possible.
-for the long need to break the 97 psychological mark and for...
- FXOPEN:AUDJPY Making a lower high on daily TF means it is trying to retest the near-demand zone marked in the chart.
-Every bounce is a long trap/ sell on rising until it breaks the recent high of 95.140 prices.
-It is in the channel. Just sell on rising recommendations.
-All technicals are marked in the chart.
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FX:AUDJPY
As you can see AUDJPY has forming Higher high and breaking Break of structure (BOS) and we can expect some fall up to drawn trend line (support) later it will go up and forms the new (BOS) in this scenario Plan for buying side after the pullback. Plan your trade accordingly....
FX:AUDJPY
As you can see that AUDJPY has created an Inverted head and shoulder in 1Hr Time frame, If it gives breakout wait for retest and take entry at buy side. plan your trade accordingly...
⬆️Buy Audjpy now 92.940
⭕️SL @ 92.120
🔵TP1 @ 93.554
🔵TP2 @ 94.508
🔵TP3 @ 95.462
🔵TP4 @ 96.642
🔵TP5 @ 97.550
Audjpy long analysis done by Manpritfx
What are these signals based on?
Technical Analysis, Price Action Candlesticks, RSI, Moving Average.
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85.011 Buying level, in Impulsive wave 5, 3rd wave has completed and starting of 4th wave is initiated. Good level to buy at starting of 5th wave at point 85.
AUDJPY based on a technical chart of H1 it clearly indicates a triangular pattern that contains a length of 110 candles and forms a bearish continuation pattern.
The trading approach will be bearish for this currency after the breakout from the support levels.
Selling zone 80.250- 80.300
Stop loss: 80.500
Target: 79.700
Disclaimer: All the information...
1. Read the chart precisely
2. Mark all the important price levels
3. Enter when 4hr momentum goes up (10ema crossing 20ema)
4. SL - 10-15 pips below the weekly support
5. Best entry on Monday when market opens again
ALL THE BEST!
Potential down move on AUD/JPY 📉
Things to consider:
1. Triangular Formation
2. MACD and price downward momentum
3. COT data shows AUD is being short and JPY is also being short so overall strong down movement upcoming
How to enter:
1. Entry after the weekly resistance is broken
2. Entry should be on 4hr timeframe for better R:R
3. Enter when storng down momentum starts
AUDJPY
The fundamental factor causing the negative pressure on JPY and the industrial outputs are stumbling and BOJ are in the verge to cut the rates in coming months
this pair currently trading at 76.350 level and may retrace back towards 75.850
There we may open the buy orders and potential take profit will be 78.650. Its a 280 pips target.
Stop lose may placed...
