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Sunday, February 14, 2021

AUDJPY - H1 - Comprehensive Analysis

AUDJPY - H1 - Comprehensive Analysis

AUDJPY - Comprehensive Analysis base on Multi Time Frames (M5 ,M15, H1, H4).

Hey traders,

I hope you had a good week with good profits from this market.

Today, We are going to have a Analysis on Australian dollar to Japanese Yen.

There are several targets below the AUDJPY that must be touched.

An other hand, we have a Divergence (RD-) that is telling us the price should fall as soon as possible.

But as always, this is not going to happen so easily.

You can see, we have 2 Trends Line (1 , 2 ) and you should know that, when The First Trend line breakout, price will create a new Height, and then fall.

Also we have a ABCD pattern on H1 time frame.

So at first we should wait to see price is going to complete ABCD pattern and then Fall, or not.

I think in the First falling, price will touch the first M5 target and again will go up to hunt Stop Loses of traders, and then will fall for completing divergence.

So I suggest you do not rush to take the position. I think it's good to wait for trend line 2 to break and PULLBACK to it and then take a SHORT position on it with your strategy.

I hope this analysis can help you, for more profit.

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Good luck...!



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