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!
Aud-jpy
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.
AUDJPY 4hour Analysis August 16th, 2020AUDJPY Long idea
This pair has been in a very strong 4hour bullish trend and is currently at a major monthly zone.
We’re going to continue with the bullish trend and look for long opportunities above this zone.
Look for a significant break and retest of 76.700 with strong bullish setups to enter on. Target higher toward significant resistance levels.
For us to consider short opportunities we want to see a break of major support around 76.000 with confirmed lower highs below. Target lower toward major support levels
AUDJPY. Double top formationHello Fam!
Double top pattern formed after price was rejected of the resistance zone for couple of times. The pair should be shorted if we have an additional bearish sign, such as breakout of the support trendline.
Good luck to you!
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AUDJPY Price has stalled out on R2 and formed a double top. 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!
AUDJPY on a weekly resistance 🦐AUDJPY on the weekly chart (left side) is now testing again a weekly strong resistance around the 76.400 area
At the beginning of June price hit and got rejected sharply by the resistance zone, hit the 0.5 fib retracement zone and start again a new impulse to the upside.
IF the market will break and close above the weekly structure we can look for a nice long position.
IF the market on the other hand turn again below the 75.000 area, we can look for a short order according with Plancton's strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
AUDJPY | Ascending Triangle Formation..!!#AUDJPY (update)
In 1D Time frame, AUDJPY has been forming Ascending Triangle Pattern.
At the Moment, It's Facing Major Horizontal Resistance (76.770) & On the Verge of Breakout As Well.
Now, There Are two Possible Scenarios,
1- If Bulls Cleared the Major Horizontal Resistance, Expecting Upside Breakout
2- If Trendline of Triangle Broken, It Might test the Major Support (72.660)
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Breakout Identified in AUDJPY SELL
75.761 - 76.047 Add to Watch List
Signal ID: 72890
Time Issued: Wednesday, 12 August 2020 02:05:15 GMT
Status: open
Entry: 75.761 - 76.047
Limit: 75.176
Stop Loss: 76.318
The Breakout Opportunities system has just sold AUDJPY at 75.956. The system recommends entering this trade at any price between 75.761 and 76.047. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.409, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 76.318 and a profit target has been set at the 1 Day ATR level at 75.176. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.