Audjpybuy
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.
AUDJPY approaching support, potential for a bounce!
AUDJPY is expected to drop to 1st support at 75.016 where it could potentially react off and up to 1st resistance at 75.566.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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.