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.
Audjpyshort
AUDJPY Short.Should you use this signal in your trading, please risk accordingly and understand that there are no guarantees in trading, trading always carries a high degree of risk.
The material and analysis being provided is for educational purposes only. No information presented constitutes a recommendation to buy or sell any financial instrument. You are fully responsible for any investment decisions you make.
AUD/JPY retesting done in short sideAgain selling started in AUD/JPY it tested the PENNANT pattern breakout. Now it started moving in down side again.
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AUDJPY Trading Plan - 16/Mar/2022Hello Traders,
Hope you all are doing good!!
I expect AJ to go Down after completing the bigger correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
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
💡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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AUDJPY - LONGThe counter AUDJPY is in the flat-top resistance line from 11th December. Yesterday the counter has broken out the resistance line and it is expected to move even more upwards. Therefore long is more suitable for this counter and the bullish trend is expected to start soon. The upward movement of the MACD curves gives additional support to the description.