AUDJPY- Bearish...maybe.So there is a legit argument that AUDJPY is now bearish, rightfully so, it has just between squeezed to the south side of the ascending triangle. That being said, I'm not still convinced. I believe there is possibility we could be looking at a bear trap, AJ could have one bull run left in it before prices see a serious decline. Also just for fun I found a Cypher Pattern that may form up. Good luck everyone.
Aud-jpy
AUDJPY is approaching support, potential bouncePrice is approaching our first support in line with our 61.8% fibonacci retracement and the ascending trendline , where we could see a bounce above this level. Ichimoku is showing signs of bullish pressure as well.
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
AUDJPY is approaching support, potential bouncePrice is approaching our first support in line with our 61.8% fibonacci retracement and the ascending trendline , where we could see a bounce above this level. Ichimoku is showing signs of bullish pressure as well.
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
AUDJPY Price is finding support on the 200EMA This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
AUD-JPY MASSIVE LONG|STRUCTURE ANALYSIS|TRADING PLAN
The pair has broken up out of the downward channel where its been for a while and has now formed a bullish triangle on its way up, below the structure resistance. Given the bullish momentum and the setup, our target trade is a long, but with conditions.
TRADING PLAN:
1-IF there is a breakout upwards
2-Wait for it to be confirmed
3-Go long on a retest
4-Take profit levels are on the chart
5-SL below the horizontal level
Alternatively, IF the triangle gets broken downwards, with both support lines broken too, then one might be interested in going short, with SL above the horizontal resistance. This trade however, has lower probability and is less secure, as the setup will be less clear. Use your own best judgement and look at the price action.
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AUDJPY Price is testing resistance in our bearish zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
Bullish wedge ? Or Currently hitting a key resistance point that has held multiple times since December i am looking for price action to confirm below the zone and even the small trend line to show clear breakage of the wedge. So far that key resistance level seems to be holding to validate the short but with the wedge a bullish push could see it creating new higher highs.