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A strong and solid downtrend is shown in H1 graph but the morning star candle formed could be a good sign for this pair making corrections and according my expectation, price may arise to 96.25 (fibo 38.2%). A selling plan would be better after price success breakdown 95.49.
If we look on H4 time frame, we can see that AUDJPY had been rejected for three times by the 82.66 resistance level. then, now AUDJPY is moving below the 82.17 resistance level. So, I think the bearish sentiment still run on AUDJPY. If AUDJPY can break the eysterday's low, I expect AUDJPY will fall to the 81.54 support level or even lower
A strong and solid downtrend is shown in H1 graph but the morning star candle formed could be a good sign for this pair making corrections and according my expectation, price may arise to 96.25 (fibo 38.2%). A selling plan would be better after price success breakdown 95.49.
The AUDJPY rally from the low is viewed as corrective and should be retraced. A pop above 8120 would face resistance at 8200 (former support). The minimum bearish objective is below 7652
A strong and solid downtrend is shown in H1 graph but the morning star candle formed could be a good sign for this pair making corrections and according my expectation, price may arise to 96.25 (fibo 38.2%). A selling plan would be better after price success breakdown 95.49.
A strong and solid downtrend is shown in H1 graph but the morning star candle formed could be a good sign for this pair making corrections and according my expectation, price may arise to 96.25 (fibo 38.2%). A selling plan would be better after price success breakdown 95.49.
the price is falling down side from the resistance at 97.05 level as correction and hold at daily support 96.46 level. now the cci is again moving below the 100 level and price making doji pattern. if this is close below daily pivot point 96.76 then make short entry with profit target at 96.00 and stop loss at the 97.20
I use scalping strategies on this currency pairs Aud/Jpy so I prefer the short time that is the timeframe M15 and M30,
that's position market on 93.66 then also there are some indicators that I use as the Bollinger Bands is TREND DOWN, ADX is TREND DOWN, Stochastic is TREND DOWN.
Then consider the position if the market trend is moving toward more leads TREND DOWN,
then I strongly encourage you to order SELL at current market at 12:07 and use a stop loss and take profit of 20 pips
is the take profit at 93.46 and stop loss at 93.86
After rejected from Resistance 96.87 then price is testing support 96.41 now. Lets see whether the price can breakdown support or not for entering buy or sell plans. For additional informations, we can take 96.23 as the sell target.
this pair is break the channel pattern and also the support at 95.50 in the h1 time fame. at the time this pair is oversold but it down trend is more strong. we can hold our short position to the support at 94.50