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Audjpyshort

AUDJPY – Nice BIG shifting of direction is happening!If you’re following my analysis, maybe maybe you guys are already bored with this, .. and I don't know how many times I've said it,.. but I want to say it once more,.. just be careful,.. the direction is starting to shift now,.. We are already seeing some nice shifting of direction these past 2 days and I’m expecting this to continue for a very long term. The way the market move recently is a typical move and structure that I recognize to repeat itself and play over and over again. All risk currency keep going higher and higher in a corrective structure. Evenmore, they break significant inflection point area in daily timeframe just to retrace back impulsively like this. This is a common price move to catch more and more people on the wrongside of the market before the big real move start to happen. I do believe starting from now we will start to see a risk-off mood across all currency pairs, and when it does play, AUDJPY is surely one pair that we must keep an eye for. In this pair, we can see a really nice ascending structure in multi high TF and it already showing us a nice rejection from the top of it. I will wait for any break of continuation flag structure (minimum in H1 TF) to confirm the move to the downside. I will just let the target open while trailling sl along the way as the market start to give a momentum. Lets see how far can this pair go. On another hand, eventhough I see it as a least probable outcome, if the price break above the 25th February high at 85.000 area, it will nullify this forecast and I will wait for the market to shows it hand first by forming a better structure to see. For now, let’s see how will this pair develop, good luck.. _______________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
1
AUD/JPY - JPY Correction SoonI expect JPY pairs to correct across the board soon, most of them are very oversold. On this pair RSI is very high even on weekly timeframe, same goes for CAD, EUR, and GBP to JPY. All these pairs are at resistance levels, GBP/JPY is actually surpassing the resistance level as well so that is further reason to see a pullback. I am not entering shorts personally at the moment because the trend is going up very aggressively, this is just an update on where the move may go and where possible longs can be taken from. I expect all these pairs to retrace to at least 0.5 Fibonacci, they could possibly retrace further so the price needs to be monitored before entering trades if and when this happens. I expected these to see a retrace sooner but they have clearly continued to shoot higher so considering the resistance level and RSI they are likely to correct very soon.
by olly48
AUDJPY - Price moved as expected. Profit Smashed🤑💸💵🤩🥳Here is a confirmation of the idea I published on 20th February 2021. Take profit 1 smashed. Take a minute of your time to take a look at the post. Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, or improve on your technical analysis skills, DM me.
by PetrockFxTrading
2