AUDJPY Long Trade IdeaWe have finally seen AUDJPY break out of a huge consolidation. I am waiting for AUDJPY to drop just a little further back into demand which is also where we have broke through our consolidation upside. I think we could see a nice long-term buy all the way up to around 82.000 .
Very clean cut and dry analysis. There is not too much else to really look at with this pair. This is a trade IDEA and keep in mind this may not play out.
Audjpybuy
+120 PIP TRADE AUDJPY BROKEN OUT! AUDJPY was travelling in a triangle and it can be argued it was also travelling in an ascending channel. Price broke out of both structures to the downside and came back up to retest the structures before tanking all the way down to the previous support.
We have reached the 0.618 retracement level indicating a SELL opportunity, Our TP is at the -1.27 extension which is also the next support zone.
AUDJPY BEARISH CONTINUATION SETUP Hi traders,
The AUDJPY reversed from a key resistance level and broke out of an ascending trendline and support level.
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Currently, the price seems to be building a three-wave ABC zigzag corrective pattern labeled wave 2, and it has the potential to move further lower towards the 75.968 and 75.000 support respectively.
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We will wait for the breakout of the blue counter trend line to confirm the bearish move or breaks below the red horizontal line @ 77.907 for a more conservative entry.
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Thanks for reading!
Veejahbee.
AUDJPY ALERT - Sale is upon us :)AUDJPY has hit the top now. i am expecting this
bulls to come back in now. if it breaks the blue support
line then its should be going up.
Also Stoch RSI is in overbought territory
in the 2H chart.
See previous analysis
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AUDJPY BUY coming - jump in :)AUDJPY has retraced a fair bit now. i am expecting this
buys to come back in now. if it breaks the blue support
line then its should be going down.
Also Stoch RSI is in oversold territory in the 1H chart. so i have getting ready for this to move soon
See previous analysis
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Audjpy - Long OpportunityPrice failed to make a lower low and left a strong exhaustion candle. Then, it broke the consolidation to the up side and came back to the retest on a area that was tested as support several times and left us a strong bullish pinbar. I`m going long as soon as the price breaks the highest point of the bullish pinbar.