AUDJPY - Resistance AttackedIt is highly likely we will see a spike above the previous high / resistance level to wick out some sellers before the price gets moved strongly to the downside by the institutions.
Audjpysell
AUDJPY Looks Weak After Strong OpenFX:AUDJPY had a nice run up on open inverse to weakness it showed on Friday. The pair seems to have slowed down on the buy side and I expect to see some sellers come back at these higher price as nothing significant took place over the weekend to cause this run up. I am targeting a 3-1 5.9-1 and a 7.6-1 RR ratio as I expect that the move a very similar (if not the same) to the downside will take place, now also with the potential for buyers to get trapped.
AUDJPY - Dump & PumpI predict the price will be bouncing from the two zones marked to the upside, let's see what happens.
58% Short Sentiment
AUDJPY W4 Jan 2021AUDJPY
Short Setup
📉As forecasted last week , price has been making series of LH and LL. Multiple continuation pattern to the downside after the price broke the rising channel.
AUDJPY - bearish biasPrice is currently in an uptrend, presently at the trendline which has held nicely for quite some time. It's very likely we see a rejection of this trendline to the upside for another retest of the supply zone at 80.9. If price rejects this area also breaks the support level, it could signify the beginning of a downtrend.
AUDJPY Rising wedge Breakout near TLAs we can see MKT test its previous support as a resistence in the PATTERN of RISING WEDGE. And now MKT break its rising wedge for bearish move.
AUDJPY TL BO for tripple topWe are expecting a short term up move becasue market break its uper hidden trendline
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
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..
