Audjpyanalysis
AUDJPY Long (Buy) Trend SetupAUDJPY ran into a supply zone on the 4-hour and we're seeing a reaction to turn bullish and continue it's bullish trend. If the zone holds, we can aim for the zone at the top as targets. If it doesn't hold, we may get the stronger reaction from the zone below it. This setup has a great risk:reward.
AUD/JPY BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
AUD/JPY: Day-Swingtrade-Preparation
Market-Buy: 80,330
Stop-Loss: 79,945
Point Of Risk-Reduction: 80,520
Take-Profit: 81,090
Stop-Loss: 38 pips
Risk: 0,5% -1%
Risk-Reward: 2,0
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Irasor
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AUDJPY CRASH ?As we can see
audjpy making reversal trend as a new lower high and lower low at timeframe 4H
if we breakdown to lower timeframe , we can see audjpy made head and shoulder pattern at 1H timeframe
hopefully audjpy breakout trendline as a marubozu candle stick , and then we can entry on breakout or after pullback
thankyou
AUDJPY Great BULLISH Climb...AUDJPY has made a nice BULLISH movement towards the upside. As of now, it is not over for this pair yet. As we can see, it broke the resistance level 79.80 and continue its uptrend. I will be expecting a movement towards the next resistance level @84 ish price level. That is where the 461.8% fib level lies and I will be expecting BEARISH retracement to happen from here.
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AudJpy- A sell trade with great risk:rewardAfter a first leg down of 150 pips, AudJpy has recovered and now is trading again above 80 important figure.
The rise from 79.50 is in a rising wedge though, indicating a lack of impulse.
A break under the support line of this wedge could be a confirmation of a new leg down and such a trade can have a great 1:4 risk: reward ratio.