Audjpysell
AUDJPY Market Outlook | Daily Forex Market BreakdownAUDJPY
Continuing to push to the downside. Sitting at about +280 pips profit. This shows you how powerful swing trading is. This is why it is important to let your winning trades run. We need to be patient and not rush into any longs, we could keep melting to the downside. We have a clean short entry. Keeping an eye out for potential hedge trades soon but right now its too early.
AUD/JPY Potential Short Idea | Trading Institutional Order FlowIf we see a pullback, back into the yellow box when the new week opens, I will be most likely looking to short AUD/USD to take out the equal lows created that are marked up. This looks like a pretty solid setup, with it being on the daily chart .
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AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 75.815 where it could potentially drop further to 74.960.
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AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 75.513 where it could potentially rise further to 76.247.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AudJpy towards 74? - Daily outlook
It is the third time in the last month that audjpy rejects the important level of resistance over 76.
On Friday the market closed on the bottom of the daily trading range and I expect a selloff in the coming days towards the important level of support from 74.
Strategy:
Sell the market
SL at 76.50
TP at 74.00