AUDJPY: Bearish Wave Poised for Targets around 98.77
Hello Traders,
Trust trading has been awesome.
Find below my analysis of AUDJPY currency pair.
Current Price: 99.738
The pair shows bearish sentiment across the H4, H1, and M30 timeframes, with a downward trend firmly established (as price keeps making lower highs and lower lows). Momentum indicators suggest strong bearish pressure; however, the price is currently consolidating within a narrow range, limiting immediate directional movement.
Bias: Bearish, as long as the price remains below the key resistance level at 99.997, and we see a breakout of the consolidation range (Squeeze).
Targets
First Target: 98.770
Second Target: 98.108
Ultimate Target: 97.816
This bearish outlook is further supported by Elliott Wave analysis, with the potential for a downward move fulfilling the Wave 5 projection of the current impulsive wave, provided the price stays below 100.048.
Trust trading has been awesome.
Find below my analysis of AUDJPY currency pair.
Current Price: 99.738
The pair shows bearish sentiment across the H4, H1, and M30 timeframes, with a downward trend firmly established (as price keeps making lower highs and lower lows). Momentum indicators suggest strong bearish pressure; however, the price is currently consolidating within a narrow range, limiting immediate directional movement.
Bias: Bearish, as long as the price remains below the key resistance level at 99.997, and we see a breakout of the consolidation range (Squeeze).
Targets
First Target: 98.770
Second Target: 98.108
Ultimate Target: 97.816
This bearish outlook is further supported by Elliott Wave analysis, with the potential for a downward move fulfilling the Wave 5 projection of the current impulsive wave, provided the price stays below 100.048.
İşlem aktif
+50pips done so far. More pips still to goİşlem kapandı: hedefe ulaştı
+80pips and countingNot
+156pips done. First Target hit. Price now close to second target.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.