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...
Again selling started in AUD/JPY it tested the PENNANT pattern breakout. Now it started moving in down side again.
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Rejected from Resistance zone so now you can sell it.
I am an Technical analyst. I have an 5 year experience of analysis. Providing you sweet and simple analysis of Forex pairs. For an paid/daily analysis you an contact me on my bio detail (Free calls for 3 days only) then its Paid with guidance.
AUDJPY retracing from its resistance and reaching my support zone. it might reach it, there's a chance it can become even more bearish and reach the next support. use minimum lot, and long stop loss.
KEY TAKEAWAYS
The five-minute momo strategy is designed to help forex traders play reversals and stay in the position as prices trend in a new direction.
The strategy relies on exponential moving averages and the MACD indicator.
As the trend is unfolding, stop-loss orders and trailing stops are used to protect profits.
As within any system based on technical...
Trading Ideas-
Long positions above 87.72 with targets at 98.01 & 100.94
Alternative scenario
If price goes down 87.72 look for 82.96 & 80.03 as targets.
Supports and resistances
82.96 & 80.03
98.01 & 100.94
AUDJPY Sell trade opportunities
AUDJPY currently bearish trend and is expecting to break out if it closes below the support area with a very strong Bearish candle then the market will be further moving into a bearish phase after confirmation of a breakout wait to retracement then enter in sell trade with a very good risk rewards
"Always trade with Stop Loss"
AUDJPY has broken its previous downtrend i am looking to go long during pullbacak at previous resistance ( current support )
I CAN BE 100% WRONG KINLDY MAINTAIN TIGHT SL
AUDJPY broke head and shoulders pattern in D and 4H . i will look for a retracement to enter during pull back . Since JPY is trading strong i am expecting good bearish movement .
i will enter in lower time frames like 1H after seeing confirmation from candlestick
I COULD BE 100% WRONG IF U FOLLOW MY TRADE IDEAS KINDLY MAINTAIN A MAX SL OF 0.50%
