AUDJPY - Buy setup to go long to 83.743This is the result of the analysis I made on 12th February, 2021. Take a minute of your time to check my page for it.
Price broke out of the trendline and it's now moving towards take profit 1 at 83.743.
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Audjpyshort
AUDJPY: The price REACHED a strong RESISTANCE ZONEPair Analysis Complete
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🟢 Forex Pair :
AUD/JPY
⚪ Technical Analysis :
Since the 2nd of February 2021, the price has been following a strong uptrend, re-testing few times its secondary trendline.
Once it reached the main resistance zone at about 82.280, it started a consolidation phase just below that area.
It is currently moving with a clear sidetrend, getting close to its trendline.
🔴 Conclusion :
The price definitely reached an interesting resistance zone and considering many rejections in the past, I'm confident to see an upcoming bearish movement.
I'll be waiting for the price action around the trendline and eventually it will break down closing at about 81.715, I'll plan my short position on this trade.
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Gianni
AUDJPY: Crucial rejection!!! BEARISH retracement opportunity!!!We managed to see an important rejection for AUDJPY at the 161.8% fib level. I will be looking for a short opportunity to my supply level in green. This will be a short term trade opportunity. However, if we managed to see price breaking the support level, I will expect a 61.8% move. If not, the bullish climb will continue eventually seeing 261.8% and higher. As of now, I will stick to this short opportunity. I will update again once we reaches the support zone.
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AUDJPY - SELL potential SELL BIAS
On the daily time frame, you can see the price has approached a resistance zone. Price has approached this area in a corrective pattern indicating there's a possibility of price moving to the downside. Price will be approaching a key zone of horizontal resistance and vertical trendline resistance = double zone. We need to wait for the price to create a corrective pattern on the LTF for a sell entry. Price could form an extended double top pattern.
AUDJPY sell NOW !! GOING DOWN!!Hello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for SELL GOOD LUCK! Great SELL opportunity in AUDJPY ..
I still did my best and this is the most likely count for me at the moment ..
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AUDJPY setup to go short to 80.830Price has reached the resistance line. With a double top pattern clearly shown on the chart, I expect price to fall back to 80.830 and complete the M pattern but the market can be so dramatic and go long to 81.600.
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