Audjpyneutral
AUDJPYHello. As the long-term uptrend line is broken and the price is falling in a downtrend So any climb inside this channel is a good opportunity for fast and sharp falls
AUDJPY AUDJPY shows a strong sale probability but before that there might be a short delay or drawback before continuation. Let's see how this goes!
AUD/JPY is streghten, but still alert on this opportunityAustralian Dollar/Yen Japanese show a gains that fundamentally Australian Economy is into the recovery. So, we hope that AUD formed a ascendent triangle to continue up!!! Right now, in H4 timefrmae we see a 3 candlestick of indeciison and that mean that market could be to make a reversal to maybe down 44 pips in average to formed this accumulation zone!!!
In Daily timeframe, AUD/JPY is formed an ascendent triangle and that show another big accumulation that investor are buying Australian Dollar on cheapest level!!!.
At the moment, the trend is neutral and I do not reccomend to trade any short or long position, but our thinking is in long and we would need to wait and be patient to make a formation clear that I believe it.
AUDJPY (incline towards long)We can see that the AUDJPY pair is making effort to move HH. A breakout upward might be promising after the forming of ascending wedges. Do wait for a pull back after the breakout before placing your trade. A formation is just a formation till it breakout (Please always remember that!). I will continue to monitor this pair, in the event of breakout (upward/downward) i will post another chart to update this.
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Quotes "The key to trading success is emotional discipline"
Rimbalzo o rottura? Situazione interessante su questo cross valutario, aspettiamoci il rimbalzo sulla trend line oppure la rottura del supporto! Scenario che sarebbe completamente invalidato se il prezzo rompesse la resistenza dinamica!
Audjpy Short On BreakoutAnalysis And Research
We Expect that if Aud/jpy crosses lower trend line then we will be happy to go short from that point unless right now it is in consolidation zone and lots of noise we can see onto this zone .
We will let it pass through all noise then we are gonna short it straight towards take profits @ Flag.
Caution with AUDJPYEven though the australian dollar gained considerable strength against almost all currencies, fundamentally speaking, the RBA made a remark about the australian dollar to be preferred trading around 0.65 against the USD. Technically AUDJPY even though BoJ keeps dovish stances, is at an important confluence point. Trades taken at this point may carry a danger of bad risk/reward ratio.
