AUDJPY. The price is approaching a key level. Hi subscribers!
At the moment, the price is in decline.
This will continue until the price reaches the target at a key level.
After this level, further pricing will be decided. Good luck to you!
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This idea does not provide the financial advice.
Audjpyidea
AJ developing a bullish channelmoment of writing, AJ is testing the 74.000 zone which is a neckline. from the previous lows, we see a rejection at the 618. I expect
a little more accumulation before going to the next bullish breakout. we can expect this kind of movements in the next week.
like you see, the extension levels are located inside the bullish uptrend. the numbers for the next week will give us more direction.
AUDJPY SELLWatching this pair for a healthily sell. Trend line resets plus ema rejection as well as rejection of the 50% fib. Multiple confluences to take a short here. Just waiting for price to come up top the purple box region and form some bearish candle sticks to take a short position here to ride it all the way down.
Tale partial profits.
430 PIP gain 7.5/1 RR
AUDJPY key support levels ahead.Price is approaching congestion zone so I would stay out from any trade for now, and wait for a clear direction. Important levels are below, and market may want to test those levels. You can check it on the weekly or monthly chart as well. My personal bias is that price is going to drop some more, but we have to get through the zone. (Also looks like AUDUSD want's to test lower so that might drag down AUDJPY as well)
AUDJPY Market Outlook | Daily Forex Market BreakdownAUDJPY
Continuing to push to the downside. Sitting at about +280 pips profit. This shows you how powerful swing trading is. This is why it is important to let your winning trades run. We need to be patient and not rush into any longs, we could keep melting to the downside. We have a clean short entry. Keeping an eye out for potential hedge trades soon but right now its too early.
AUD/JPY Potential Short Idea | Trading Institutional Order FlowIf we see a pullback, back into the yellow box when the new week opens, I will be most likely looking to short AUD/USD to take out the equal lows created that are marked up. This looks like a pretty solid setup, with it being on the daily chart .
**Education Purposed Only**
- Will
AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 75.815 where it could potentially drop further to 74.960.
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