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OCT #24 Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market...
refer chart for details Pair name : audjpy Timeframe : Daily
As I drew in the chart, there is daily resistance that involve the H1 demand zone, this kind of confluence can make a decent long opportunity.
-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.
The inverse head and shoulders chart is thought to predict a bearish-to-bullish trend reversal and signals that a downward trend is nearing its end
The idea here is to wait for longs, once the price tapps my marked zone. Currently, price is in the process of making a new HL.
AUDJPY 4 Hour Analysis (21 August 2023) 1. Price is in demand area 2. Also, we can see the price following a trend line 3. So, if the price breaks the trend like, then with retest we can go for sell 4. If price respects the demand area, we will go with buy and first TP will be next base
Mitigated to our 4H POI and formed a 15Min Change of character. Also taking a weekly support and change of direction in 4H Change of character. Looking for a potential Long trade.
Such a good price action and pattern let's see to going trade in our favor to good to practice on chart
Trade Idea: AUDJPY BUY Signal 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 2.5 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any...
AUDJPY - Buying opportunity. Analysis TF: 4H. Waiting for the price to break the recent resistance level, where different signals converge, indicating a potential bullish movement.
AUDJPY 4 Hour Analysis (1 August 2023) 1. Price is in supply area 2. also, we can see stoch bearish divergence 3. If the price showed any bearish strength we will enter bearish trade (we can confirm this using DMI or ADX) 4. If price breaks the supply area, we can wait for the price for retest before any bullish trade
wait for the market to come near your resistance as well as trendline zone. look for 1 hr bearish candle confirmation near the resistance zone to sell.
ASCENDING TRIANGLE BREAKOUT My Analysis: 1. Fast EMA crosses the Slow EMA upward 2. Price above 200 SMA 3. Smoothed HeinkenAshi candle is GREEN 4. Volume above average PRICE - 95.367 SL - 94.618 TP - 96.749 PROBABILITY: MORE THAN 80%
My Analysis: 1. Fast EMA crosses the Slow EMA upward 2. Price above 200 SMA 3. Smoothed HeinkenAshi candle just about to turn green 4. Volume above average 5. In Day Time Frame "Fibonacci retracement at Golden Zone" PRICE - 106.054 SL - 95.200 TP - 96.672