Audjpyidea
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 approaching support, potential for a bounce!
AUDJPY is expected to drop to 1st support at 75.201 where it could potentially react off and up to 1st resistance at 75.553.
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.
HAPPY MONDAY - AUDJPY - LETS GOAUDJPY is approaching a pivotal break to the
upside. Should test 50% (77.194) Fibonacci retracement
WMA 100 Tested, about to test EMA 150.
There is also a good chance price could break down
to around the 74.600 area. Wait for break down for
confirmation.
1. Watch Bottom for BUY
2. Buy More on Break
3. Take Profit around 77.194
POTENTIAL BULLISH MOVE ON AUDJPY We have AUDJPY Showing bullish potential. Price has moved up bullish and met some point of resistance where we may see price retrace to the price level i have marked with the grey horizontal line. From this point, we may see price move up bullish to the price level i have marked with the green line which would be our take profit.
Risk on this trade - 1%
Risk to reward ratio - 1:2
Hit that follow button for more analysis! :)
AUDJPY FAKEOUT AND BREAKOUTAUDJPY has been travelling inside of a descending channel. Price reached a major support zone , started making its way up and even broke out of the channel to the upside until it dropped back into the channel causing a fakeout, broke below the support zone. Now we are just waiting for this newly made resistance zone to be retested before price drops to the very bottom of the channel it has been travelling in.
ENJOY YOUR PROFITS, STOP LOSSES AND TAKE PROFITS ARE AVAILABLE...