AUD/JPY 4H Chart Analysis
AUD/JPY is being rejected by the resistance zone of 75.93-76.15 for the moment.
We can't predict the market, so you should have this 2 scenarios in mind:
Short:
-Price has already touched 3 times the upside of the ascending channel and it might try to make its 3rd touch on the bottom of that same channel;
-It's making kind of a head and shoulders formation;
-For a short position, use a stop loss above the resistance zone;
Long:
-Price is still above it's moving averages on the 4H chart;
-Wait for price to break the support zone with a decisive 4h candle close above it;
-Wait for a re-test of that level and look for an entry on a lower time frame;
Be patient, do always use stop losses and remember this is not financial advice.
We can't predict the market, so you should have this 2 scenarios in mind:
Short:
-Price has already touched 3 times the upside of the ascending channel and it might try to make its 3rd touch on the bottom of that same channel;
-It's making kind of a head and shoulders formation;
-For a short position, use a stop loss above the resistance zone;
Long:
-Price is still above it's moving averages on the 4H chart;
-Wait for price to break the support zone with a decisive 4h candle close above it;
-Wait for a re-test of that level and look for an entry on a lower time frame;
Be patient, do always use stop losses and remember this is not financial advice.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.