Audjpylong
AUDJPYHello Traders, Welcome to another trading opportunity with AUDJPY, price is currently at support and i look forward for a rejection and continuation to the upside, inline with the trend or a breakout to the downside...
Watch carefully and wait patiently for confirmations before entry
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AUDJPY, another leg up for a better R:RHi Traders,
JPY has gained some recent strength this past week which may continue its run later on in this upcoming week. Looking at the HTF, price is moving within a rising wedge structure also near a double top range that tells us a reversal is developing. Looking at the LTF, price impulsively broke out of a flag pattern structure creating higher highs and higher lows indicating we still have further development on this correction before completed. I will be interested in a sell position only if bearish price action is confirmed.
Trade Safe
Thank you
AUDJPY: Commodities vs Weak Yen!AUDJPY
Intraday - We look to Buy at 93.00 (stop at 92.00)
Previous support located at 93.00. Previous resistance located at 94.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 93.00, resulting in improved risk/reward. A move through 94.00 will confirm the bullish momentum.
Our profit targets will be 95.00 and 95.50
Resistance: 94.00 / 95.00 / 95.50
Support: 93.00 / 92.50 / 92.00
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Fri 15th Jul 2022 AUD/JPY Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/JPY Buy. Enjoy the day all. Cheers. Jim