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Audjpyforecast

AUDJPY waiting for confirmation Expecting the closing of the hourly candle to confirm bias. Plan A: Uptrend after breaking the handle around 85.147, long entry by the re-test of the broken resistance with TP towards previous swing high. Plan B: hourly candle closing in a bearish tone for short trade confirmation. Target around the ascending trendline. Price action has formed a double top for reversal. However, the previous supply zone is acting as strong support. Either way, the uptrend breakout could bring a steady a longer pips capturing. Patience is a virtue. Always trade what you see, no what you think. Happy Tuesday!!! *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
by OGFXTRADER
We've found ourselves a nice little H&S. what's next?AUDJPY is in free fall mode, but our mind is always sceptical. when it finds something clear as sky, it asks questions like how can it be so easy? how come I short when the pair is in uptrend? how come, how come, how come. Well, sometimes it is what it is. there'll be price manipulation at times, but not always. market makers have to give you 'easy' setups at times, so you'll fund your account in future. I think we've one of those 'easy' setups here, and I'm short. but, I'm not betting my house and my stop is tight. game is on!
Short
by exp3r13nc3
AUDJPY – Nice BIG shifting of direction is happening!If you’re following my analysis, maybe maybe you guys are already bored with this, .. and I don't know how many times I've said it,.. but I want to say it once more,.. just be careful,.. the direction is starting to shift now,.. We are already seeing some nice shifting of direction these past 2 days and I’m expecting this to continue for a very long term. The way the market move recently is a typical move and structure that I recognize to repeat itself and play over and over again. All risk currency keep going higher and higher in a corrective structure. Evenmore, they break significant inflection point area in daily timeframe just to retrace back impulsively like this. This is a common price move to catch more and more people on the wrongside of the market before the big real move start to happen. I do believe starting from now we will start to see a risk-off mood across all currency pairs, and when it does play, AUDJPY is surely one pair that we must keep an eye for. In this pair, we can see a really nice ascending structure in multi high TF and it already showing us a nice rejection from the top of it. I will wait for any break of continuation flag structure (minimum in H1 TF) to confirm the move to the downside. I will just let the target open while trailling sl along the way as the market start to give a momentum. Lets see how far can this pair go. On another hand, eventhough I see it as a least probable outcome, if the price break above the 25th February high at 85.000 area, it will nullify this forecast and I will wait for the market to shows it hand first by forming a better structure to see. For now, let’s see how will this pair develop, good luck.. _______________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
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