Audjpylong
POSSIBLE SETUP FOR WEEK AHEAD- AUDJPY the overall trend is bullish which is very clear on daily and 4HT so only long position is acceptable.
by considering trend line it is clear the price several time tried to breakout fore way resistance.
long position is recommended only after retest the resistance level.
AUD/JPY BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
AUD/JPY: Day-Swingtrade-Execution
Market-Buy-Order: 78,750
Stop-Loss: 77,950
Point-Of-Riskreduction: 79,580
Take-Profit: 80,230
Stop-Loss: 80 pips
Risk: 0,5% - 1%
Risk-Reward: 2,70
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
AUDJPY - Bullish BiasAUD - BULLISH
1️⃣ Investors pushed the US Dollar to fresh 31-month lows as the Federal Reserve reiterated its commitment to support the US economy, holding interest rates at record lows and promising to maintain its massive asset purchase program until it sees “substantial further progress” in employment and inflation.
2️⃣ The seasonally adjusted unemployment rate was 6.8% in November 2020, the lowest jobless rate since August, while new home sales jumped 15.2% over the same period, setting a new decade high and after a 1.3% fall a month earlier.
JPY - BEARISH
1️⃣ Tokyo reported a record high 822 new COVID-19 cases on Thursday, the Tokyo Metropolitan Government said, raising its alert for the strain on the medical system to the highest of four levels.
2️⃣ Positive risk tone could pressure the JPY.
=====
Technical
=====
We are looking to buy the AUDJPY at RBS of 78.400 + above SMA 50 on the H1 chart.
AUDJPY - Bullish BiasAUD - BULLISH
1️⃣ US Senate Majority Leader Mitch McConnell pledged to get a fiscal stimulus deal done before Congress leaves for the holidays.
2️⃣ Demand for riskier currencies was boosted by hopes that a rollout of coronavirus vaccines will support global economic recovery.
3️⃣ The IHS Markit Manufacturing PMI rose to 56 in December from 55.8 in November, the sixth straight month of expansion and the highest since July, while the Services PMI also posted the highest reading in five months and the fourth consecutive expansion.
4️⃣ The Westpac-Melbourne Institute Leading Economic Index rose by 0.5% month-over-month in November.
JPY - BEARISH
1️⃣ Japan recorded a trade surplus of JPY 366.8 billion in November, the fifth straight month of surplus, as exports fell by 4.2% while imports dropped at a faster 11.1%.
2️⃣ Positive risk tone will pressure the JPY.
=====
Technical
=====
We are buying the AUDJPY at the support of 78.200 + around SMA 50 on the H1 chart.
AUDJPY - head and shoulderI am looking for entry points. Where is the small stop loss.
and then I estimate the profit potential.
entry strictly after the break out
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade