Audjpysell
AUD JPYForming decending triangle pattern.
wait for breakout and retest in the downside.
Before entering the trade do your own research.
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.
AUDJPY SELL NOWBased on previous analysis all the conditions are fulfilled by audjpy perfect time to take entry! Follow along for best 1:3 r:r
All the best!
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
💡Don't miss the great sell opportunity in AUDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (83.33).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 49.
Take Profits:
TP1= @ 83.03
TP2= @ 82.67
TP3= @ 82.50
TP4= @ 82.34
TP5= @ 82.15
SL: Break Above R2
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