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Audjpyidea

AUDJPY: Will AUDJPY Confirm Its Bull Run? AUDJPY is forming a contracting triangle. Price had completed the (D) wave, and I have given the short-term selling targets of wave (E) of wave ((4)). In my previous article, I have mentioned that "Wave (E) can complete between 0.618 to 0.786% Fibonacci levels. That's why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave ( E)". Price has reached all targets of wave (E). Click Here to read the previous article: The ending point of wave (E) is the starting point of an impulsive cycle. Due to bearish sentiments, the price may touch the A-C trendline and start the bullish move. Safe traders can enter after price make an excess on the lower band of the channel. They can expect the following targets 82.565 - 83.850 - 84.185+. Invalidation: Breakdown of the A-C trendline .
by forextidings
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AUDJPY - WILL CONTINUE TO FOLLOW THE MARKET SENTIMENT ??- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must. - The AUD FEATURE sold out a bit last week because the MARKETS continue to RISK OFF. The AUD FEATURE stands at 0.6920 LEVEL. JXY is currently down a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Price is below AUDJPY DYNAMIC LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Monday. - You can go to 90.10 LEVEL before the AUDJPY PRICE is down. Then you can UP to LEVEL 86.09. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is becoming UP. So wait until VOLATILITY RED and get the AUDJPY BUY ENTRY.
by benny_marshall