JPYAUD trade ideas
AUDJPY - Move UP !As i posted the previous AUD/JPY post in which the head and shoulder pattern formed. It showed that price move in upward direction. This post is also basically an another opportunity to make a little bit profit. If anyone miss the Entry from the previous post entry point. here the price is little bit consolidating and it makes a pattern which gives us a one more confirmation that price will definitely move upward. As we know The Forex news In now days not releases due to festivals. So, Here is the clearly confirmation that price will up but don,t know how much time it takes to hit to the TP.
And most important thing is that - first Wait for the Breakout confirmation here. then place the entry .
AUDJPY - Shoot Up Soon !After Predicting the Maximum Confirmation. The price will move uptrend and will make a double top soon .
What to expect today on AUD/JPYDivergence on the bottom, price trying to break a bearish TL, wait for a possible fake out, then go long.
Long set up on AUD/JPY We can see the divergence on the bottom that the TDI is telling us, plus direction of the EMAs.
AUDJPY - Is this Pair will Shoot Up based on the News Just waiting for the only candlestick breakout confirmation mainly .
Don't miss the great buy opportunity in AUDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (72.40). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 73.10
TP2= @ 73.90
TP3= @ 75.90
SL= Break below S2
AUDJPY bear setupAUDJPY has been moving sideways after the bear wave downwards. The setup provides a good risk reward for resumption of the bear trend.
AUDJPY Short SetupFX:AUDJPY Short at 74.67 with SL 74.95 and TP 73.83
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
Long AUDJPYPinbar on H4 at the bottom of the weekly downtrend channel with bullish MOM divergence.
Buy only above 72.231
Do let me know your thoughts.
