Aussie yen will weak again...After last week fake bear break out, Aussie is ready now to goes down.
Big bearish move after Aussie unable to touch upper line of the channel is good sign of bear control in Aussie yen pair.
trade safe
good luck.
Audyen
Don't miss the great buy opportunity in AUDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (72.40). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 73.10
TP2= @ 73.90
TP3= @ 75.90
SL= Break below S2
bearish cypher on AudYensee chart for details
there is also a falling trendline as well as some moving averages
Possible setup on Aussie/Yen Price is making a flag, lets see what happens!
Don't trade my setups unless they line up with your analysis!
We will learn from each other! :D
AudYen hitting topside of weekly downtrend channelAUDYEN is close to hitting the topside of the weekly downtrendline.
placing 3 small short positions here for three different TP's. all stops go just above 82 level
