Audjpyforecast
AUDJPY MULTI-TIME FRAME ANALYSISHello Traders
Here is my view on AUDJPY.
What is the situation?
Price has gone from acting as old support to new resistance and rejecting with
a perfect long wick + 61.8% Fib Level rejection almost a perfect setup.
Trading Plan : Apply time frame confluence, confirmation and entry.
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AUDJPY Long Position Continuation In Near TermAs can be seen in the chart above, AUDJPY is following the trend line very well, and I expect the uptrend to continue in the near term. I feel it will test the next resistance level of 69.800, which is where I have kept my take-profit level. There may be some volatility in the pair because of the upcoming CPI news announcement for AUD, but nonetheless, I feel that the strong uptrend will continue and test the 69.800 levels.
AUD/JPY, Breakout of Support Level will be a Bearish SignAussie dollar kinda boosted up this week, but we are still long-term bearish on this quote. If we broke this horizontal Level, it would be a bearish sign. Keep in mind, that there is still a chance for continuation to the upside of the market. So sit on your hands until price action tells you what to do.
AUDJPY technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 AUDJPY technicaly based idea, we can see price is bounce from up trend line , candels foramtion is good bearish, technicaly indicators showing we can expect higher push down in price, expecting to see Ccreating of new HL,- push down in price till bottom trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
AUDJPY technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support
📌Why DepaDigitalTrading:
*Analysis based on my program and tactic readings
*Fundamental side in analysis
*Price action - FIBO - Candl pattern
*FX - STOCK - CRYPTO
*Day trader - Swing trader - Position trader - "Sniper"
*Simple ideas
💡 AUDJPY technicaly based idea, technicaly indicators showing we can expect higher recovery phase, exepcting to see push in price till FIBO 0.6
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!