Audjpysell
Will AUDJPY experience a breakdown this weekAUDJPY has been in a channel like a pattern creating a rising wedge
On a short term move, seeing some bullish correction to the resistance of the channel(rising wedge) will be triggered.
Midterm a possible rejection may occur at that resistance of the rising wedge giving room for the potential fall envisage.
However, A breakdown of 68.684 and bearish imprint will have built my confluences for a short position
AUDJPY - SWING - 14. MAY. 2020Welcome to our weekly trade setup ( AUDJPY )!
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1 HOUR
Bearish market dropped below our main sr level.
4 HOUR
Overall very strong waving market structure..
DAILY
Expecting another push to the downside, great short entries!
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FOREX SWING
SELL AUDJPY
ENTRY LEVEL @ 68.900
SL @ 69.610
TP @ 67.870
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDJPY- BUY OR SELL?Is the price going to respect the up channel?
We have a strong resistance,
but JPY is weak, and the chances
are high to break the resistance.
Wait to break the resistance to have confirmation to buy at 70.70
To sell. We already have two rejects,
it's formed a pin bar but it's not a proper confirmation.
Wait for the price to test the resistance again for a confirmation.
AUDJPY SHORTas you can see it broke out of the rising wedge and retested giving me a great short entry.
I expect this to continue to the downside until next support - if it breaks support and becomes resistance, i will await retest and engulfing to scale in another potential position to the 0.618 fib region