AUDJPY W3 Jan 2021AUDJPY
Short Setup
AUDJPY has been making corrective movements on a downward counter-trend. We could see price makes its way down after breaking out of the recent correction
Audjpysell
AudJpy- A sell trade with great risk:rewardAfter a first leg down of 150 pips, AudJpy has recovered and now is trading again above 80 important figure.
The rise from 79.50 is in a rising wedge though, indicating a lack of impulse.
A break under the support line of this wedge could be a confirmation of a new leg down and such a trade can have a great 1:4 risk: reward ratio.
AUDJPY (SNIPER ENTRY)AUDJPY has broken trendline and now going to retest all the way up to the resistance before selling
AUDJPY - head and shoulders What Is a Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
locally I will look for an entry point.
Globally the growth began.
AUDJPY TL TEST AFTER BREAKOUTAs we can see a clear breakout of its previous trendline since 1st of November 2020. So now we suspect a test of its Trendline before a clear FALL
AudJpy- New leg down after confirmation?AudJpy has broken the confluence support yesterday and dropped to a local low around 79.50 zone.
A correction followed and what, at this point, could be a confirmation for this break.
I expect a new leg down from this pair and I maintain my bearish outlook and 77 target as long as the pair is under 81
AUD/JPY SHORTFrom the weekly and daily time frame i can see that the price is in a uptrend as shown by the light blue trend line.
In the 4H time frame I can see that the price respects the pink ascending channel as shown by the golden ellipses drawn at the intersections.
I see that the price has broken the lower pink trend line indicating a possible trend line breakout.
As drawn by the grey path I expect the price to retest back to the lower pink trend line and fall until it reaches the purple trend line that was drawn in the 1D time frame, showing that a trend line breakout is happening.
AudJpy- I expect a violent dropSince the beginning of November, AudJpy has risen 800 pips (more than 10%) and, as we can see from the chart, it almost has no correction.
I think things are about to change and the pair will dive.
From the technical point of view, AudJpy made a small double top after it passed above 80 and the Friday close found the pair just in confluence support of the ascending trend line and neck-line.
A break here will be the signal that the pair started correcting and the target for such a drop can be 77.
Also, a short trade for this pair has a 1:3 R:R ratio
Bearish Deep Crab PatternAUDJPY BEARISH DEEP CRAB PATTERN
Market Sell Order Set Up.
Sell Entry: (80.641)
Take-Profit 1: (80.132)
Take-Profit 2: (79.641)
Stop-Loss: (81.155)
Max Risk-Reward: (1.95)
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AUDJPY sell now,my prediction,Good luck tradersWatch strong price action at the current levels for SELL. GOOD LUCK! Great sell opportunity in AUDJPY..
AudjpyGood luck to you!
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This is just an idea, not financial advice.
AUDJPY SHORTAUDJPY D1 CHART. W/ SHARK PATTERN
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