Price re-tested and failed to break resistance zone numerous times. This may signal a bearish bias on AUDJPY Daily timeframe. There are a few support zones, let's see if price can break them.
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Daily candle forming a wick on the support area. We need a bearish momentum candle to see any more downside for this pair.
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First target hit. More downside expected for this pair.
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2nd target hit (280 pips thereabout depending on your entry). Close all positions and take all profit if you haven't.
Price seems like it is forming a bullish pin bar candle on Daily timeframe. Only a close will tell us.
Price seems like it is forming a bullish pin bar candle on Daily timeframe. Only a close will tell us.
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Am short on this pair now. TP target at the previous swing low but has potential to drop to highlighted lowest blue rectangle zone.
Current view:
Current view:
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Wow, look how accurate this analysis went
