Get started

Audjpybreakout

AudJpy- I expect a violent dropSince the beginning of November, AudJpy has risen 800 pips (more than 10%) and, as we can see from the chart, it almost has no correction. I think things are about to change and the pair will dive. From the technical point of view, AudJpy made a small double top after it passed above 80 and the Friday close found the pair just in confluence support of the ascending trend line and neck-line. A break here will be the signal that the pair started correcting and the target for such a drop can be 77. Also, a short trade for this pair has a 1:3 R:R ratio
Short
by Mihai_Iacob
1
AUDJPY Long Long Long (High Potential for 200 pip move)We can see clearly that 75.433 is holding very very good, if we look daily we can see that have a big hammer, they pushed the price below this key level (for me) and we broke that supp with a big bearish marobozu but we managed to go upside again, that means that they don't want the price below that point. Always remember to visualize, to predict how the weekly candle will close , if we look at the weekly tf we can see clearly that this pair is trying to make a big hammer that means the bearish days are over and new trend will follow through. Remember we have to smash that 76.000 KEY LEVEL with a big HAMMER. My longer tp for this pair if we manage to close weekly as Hammer is 77.965 about 200 pips , and the stop loss is very tight (20 pips) Buy zone 75.655, Very very good setup.
Long
by ronizfx
AUDJPY SHORT APPROCHINNG AUDJPY Price has been travelling in a descending channel marked out in blue and has been consolidating for a few days. Price broke above the area of consolidation and made a black ascending channel to touch the top of the descending channel and while doing so it had a little breakout to the upside of the descending channel before price dropped out of the ascending channel back into the descending channel. We believe price will now come back up to retest the inside of the descending channel at the 0.5 retracement level like it previously did like in the yellow eclipse previously IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Short
by UnknownUnicorn2396129
AUDJPY RESISTANCE BREAK AND RETEST - DAILYAUDJPY was travelling in a horizontal channel until we saw a breakout to the upside a few days ago through the resistance zone. Price has now come back down to the 0.382 retracement level of the previous move upwards which is also where the previous resistance zone (now support) is. This indicates price is going up, but where? Our target is at the top of the descending channel (marked out in thick blue lines) it has been travelling in which nicely lines up with the -0.27 extension level
Long
by UnknownUnicorn2396129