Home Forex Market Analysis Forex Signals AUD/JPY Gains Support Over Double Bottom – Is It Worth Holding Sell...

AUD/JPY Gains Support Over Double Bottom – Is It Worth Holding Sell Trade?

55
0

The AUD/JPY pair traded bearish, falling from 79.77 level to trade low at 79.50. On the lower side, the AUD/JPY may find support at the 79.50 level, and a bearish breakout of this level can extend selling bias until the 79.14 level. The 10 & 20 periods EMA are supporting selling bias, along with the 50 MACD and RSI indicators. Let’s follow a trading plan below:

Daily Support and Resistance

S1 0.7547

S2 0.7632

S3 0.7668

Pivot Point 0.7717

R1 0.7753

R2 0.7802

R3 0.7887


Entry Price – Sell 79.678

Stop Loss – 80.078

Take Profit – 79.278

Risk to Reward – 1:1

Profit & Loss Per Standard Lot = -$400/ +$400

Profit & Loss Per Micro Lot = -$40/ +$40

Fellas, now you can check out forex trading signals via Forex Academy mobile app. Follow the links below.

iPhone Users: https://apps.apple.com/es/app/fasignals/id1521281368

Andriod Users: https://play.google.com/store/apps/details?id=academy.forex.thesignal&hl=en_US

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here