AUD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 85.12, 85.44, 86.00
Key Support Levels: 84.59, 84.13, 83.18
The price on the daily time frame is trending to the upside where it posted a wedge pattern as a retracement. The pair succeeded to break it to the upside by using bullish candlesticks with huge bodies showing that the bulls are in control. Further movement to the upside is expect in the coming hours.
AUD/JPY Medium-Term Trend: Bullish
On the lower time frame, the price retraced to the 61.80 % Fibonacci retracement after breaking the wedge pattern. It posted a double bottom formation, and the price now is trading around the neckline. A move to the upside might be seen toward the target profit.
Buy Limit Order @ 84.80
TP 1 @ 85.12
TP 2 @ 85.44
Stop Loss @ 84.63
Trade Safely 🙂
AUDJPY nearly hit TP and reverse
Ya, we exited manually in VIP. I’ll try to give those updates in free channel more often.
first free trade signal i have taken and really like the anaylsis was great to follow the thinking from the top down analysis to the lower time frame – i saw the signal late as alerts not on – but have been able to get into the trade so all good and keep up the good work
thanks for the feed back Jonathan.
Please tell how can we enter to take profit in metatrader 4 app
Hi Pranav, this video will help you https://youtu.be/oN6R0RGuAsE
Pls give trade advice on eurusd
We will post from time to time some trading ideas on EUR/USD. stay tuned.