Get started

Audjpyidea

AUDJPY SHORT APPROCHINNG AUDJPY Price has been travelling in a descending channel marked out in blue and has been consolidating for a few days. Price broke above the area of consolidation and made a black ascending channel to touch the top of the descending channel and while doing so it had a little breakout to the upside of the descending channel before price dropped out of the ascending channel back into the descending channel. We believe price will now come back up to retest the inside of the descending channel at the 0.5 retracement level like it previously did like in the yellow eclipse previously IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Short
by UnknownUnicorn2396129
100D EMA+ Broken resistance= BUY if 78.25 holdsAfter months of consolidation, AUDJPY broke out of the range last week and currently it's pulling back. I have indicated the resistance with an orange line. Right now price is retesting the line. Also,we have the 100D EMA around 79.30 which can support the price. If AUDJPY manages to bounce back up from this line, it would be good for traders to BUY between 79.30-79.50 with SL below 79.20. TPs can be set at 80 and 80.61 respectively for such trades. For more signals, ideas, and analysis, check out my signature at the bottom of this page.
Long
by TraderAvDM
AUDJPY RESISTANCE BREAK AND RETEST - DAILYAUDJPY was travelling in a horizontal channel until we saw a breakout to the upside a few days ago through the resistance zone. Price has now come back down to the 0.382 retracement level of the previous move upwards which is also where the previous resistance zone (now support) is. This indicates price is going up, but where? Our target is at the top of the descending channel (marked out in thick blue lines) it has been travelling in which nicely lines up with the -0.27 extension level
Long
by UnknownUnicorn2396129