Audjpysell
+120 PIP TRADE AUDJPY BROKEN OUT! AUDJPY was travelling in a triangle and it can be argued it was also travelling in an ascending channel. Price broke out of both structures to the downside and came back up to retest the structures before tanking all the way down to the previous support.
We have reached the 0.618 retracement level indicating a SELL opportunity, Our TP is at the -1.27 extension which is also the next support zone.
AUDJPY, ANTICIPATING A SELL ON FIBO-LEVELWe are anticipating a sell on Fibo retracement level (and resistance level) outlined by the pointing down arrow, thus we predict a small rise in price from the current level up to the Fibo level, from that point sellers will take over the market as depicted by the signal below.
Sell Limit Entry: 78.60
TP1: 78.40
TP2: 78.10
TP3: 77.00
SL : 7900
AUDJPY UPWARDS TRENDLINE BROKENAUDJPY has been travelling in an ascending channel on the daily chart , more visible here
Price broke our of this channel to the downside and as shown above on the 4H char, price has been making its way up as a retracement. On its way up it has formed a trendline which has now been broken, indicating that the short trade we expect is coming.....
AUDJPY MAJOR CHANNEL BREAKOUTSince the extremely large drop on the majority of FX pairs, AUDJPY has been climbing up in an ascending channel which is visible on the daily chart. Price has broken out to the downside and has come back up to retest the channel. Our entry is at the 0.618 retracement zone of the previous swing.
TARGETS ARE MARKED OUT ON THE CHART. PURPLE LINES ARE SHORT TERM TARGETS! ENJOY YOUR TRADE!
AUDJPY BEARISH CONTINUATION SETUP Hi traders,
The AUDJPY reversed from a key resistance level and broke out of an ascending trendline and support level.
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Currently, the price seems to be building a three-wave ABC zigzag corrective pattern labeled wave 2, and it has the potential to move further lower towards the 75.968 and 75.000 support respectively.
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We will wait for the breakout of the blue counter trend line to confirm the bearish move or breaks below the red horizontal line @ 77.907 for a more conservative entry.
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Thanks for reading!
Veejahbee.