AUDJPY SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDAUDJPY SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Audjpyanalysis
AUDJPY SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD CUP patternAUDJPY SHOWING A GOOD
UP MOVE WITH 1:8 RISK REWARD
DUE TO THESE REASON
A. its following a CUP pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
AUDJPY Analysis-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 the downside 93.500
AUDJPY Analysis- 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.
AUDJPY LONG POSSIBLE ⬆️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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AUDJPY - TECHNICAL ANALYSIS FORECASTAUDJPY 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 provided is for educational purposes. Before taking a trade kindly consult with your investment advisor. We are only providing for the educational and confidence buit-up for the forex market.
SELL AUD/JPY 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 LONG @ DAY CHARTAUDJPY
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 at 75.100
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