AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 73.730 where it could potentially rise further to 74.320.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Audjpybuy
AUDJPY - FOREX - 11. NOVE. 2019Welcome to our weekly trade setup ( AUDJPY )!
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1 HOUR
Bearish pressure and new low made.
4 HOUR
Slowly rising and waving market structure.
DAILY
Overall very bullish market with several pullbacks, great long entries now!
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FOREX SETUP
BUY AUDJPY
1ST ENTRY @ 74.750
2ND ENTRY @ 74.500 (wait for trigger)
SL @ 74.070
TP @ 75.500
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDJPY 240MHello traders!
In this trade we are looking for a momentum completion from line B to line D for 50 pips.
We also have a 25 pip target between lines B and C if price goes that way.
These trades can be taken with a buy stop order as a set&forget setup or we can wait for PA
to close above line B as with the T1 and T2 levels. In the case of the T3 level,
price blasted through too quickly to wait for a close above the line.
It`s recommended to position stop no further away than 1:1 RR away from entry, although this
may vary with markets and volatility.
Best,
Jay
AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 75.135 where it could potentially drop further to 73.958.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY approaching support, potential for a bounce!
AUDJPY is expected to drop to 1st support at 75.140 where it could potentially react off and up to 1st resistance at 75.513.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.