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Aj

AUDJPY Possible Selloff (Daily TF) Good morning traders, possible selloff on AJ on the daily. Liquidity has been taken from the upside, now we must be vigilant on how the daily candle closes and if any formations come with the move down. Possible double bottoms or wedge formation. This trade is only taken on the daily. FVG was filled yesterday. - AXY has been on a bearish trend for a while, "yes, AUD has been trending bullish against all other pairs rather sharply, but it's time for a selloff. Hope this helps someone out there, do your own personal analysis, thought I share with yah, remember, HAPPY TRADING !!!
Short
by Vic_Tech_Trader
AUDJPY 4hour Analysis June 19th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are still overall bullish on AJ and we can identify our key zone around 93.000. As long as we are above 93.000 we are generally bullish. Look for strong rejection off 93.000 with clear characteristics of a bullish trend. Look to ride the trend and only enter long on higher lows near support levels. Trade scenario 2: For us to consider AJ bearish we would need to see a break below 93.000 with a lower high below.
Long
by ForexLeague
AUDJPY 4hour Analysis June 12th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking bullish on AJ and we are currently seeing a pullback to our 95.000 support zone. How price action reacts at this zone will determine where we look for trades next. Ideally, price action forms structure and continues higher. Look to enter long on conviction after a higher low is confirmed. Trade scenario 2: For us to consider AJ bearish on this timeframe we need to see a break of support at 95.000 with structure below.
Long
by ForexLeague
1
AUDJPY 4hour Analysis June 5th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: All timeframes are back to bullish as we saw a massive rally last week all the way up to 95.000 resistance. From here we’re expecting some sort of reaction but we are far from any trade scenarios. For us to consider long scenarios further on AJ we need to see structure first. Look for a retrace and higher low formation above 92.850 support. Ideally we can retrace, spot some consolidation and catch a clear continuation from price action. Trade scenario 2: For us to consider AJ for shorts we need to see a strong bearish trend present itself. We will entertain short scenarios once we break below 92.850 and spot some structure in the form of a lower high below. Look to target lower toward key support levels.
by ForexLeague
AUDJPY 4hour Analysis May 30th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: AJ is looking newly bullish as we broke back above 91.000 resistance. From here we’re looking for new structure in the form of a higher low close to 91.000. Look to target higher toward 92.850 Trade scenario 2: For us to consider AJ bearish we need to break below 91.000 and form a lower high, new structure. Target lower toward relevant support levels
Long
by ForexLeague
AUDJPY 4hour Analysis May 8th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Ranging Trade scenario 1: On higher timeframes we can see AJ has been mainly bullish. Only until we hit 95.000 resistance did we see any sort of reaction. After 95.000 resistance was met we saw a 4hour transition which developed into 4hour ranging/consolidation. Essentially, we have no present trend to trade. In order to continue bullish we need to see a bullish break of the range in the form of a higher low above 92.850 Trade scenario 2: It is most likely that for this week we will see the ranging continue and price action will head toward 91.000 support.
by ForexLeague
AUDJPY 4hour Analysis May 1st, 2022AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: The higher timeframes are mainly bullish but it is clear to see that we are overextended. We even can see monthly wicks and weekly rejection so a reversal may be imminent! On the 4hour we are strongly bearish and this timeframe will be the one to tell us where price action is going next. Ideally we continue bearish and break support at 91.000. If this happens look for a lower high below which will present a great short opportunity. Trade scenario 2: For us to consider AJ bullish for entries we need to see a higher low above 92.850.
Short
by ForexLeague
1
AUDJPY 4hour Analysis April 24th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: This pair is extremely over extended and the daily timeframe shows that best. We are on the 4hour timeframe on this analysis to showcase the potential for this week. Ideally, price action continues in this steep bearish trend and falls to 91.000 for structure formation. We can then consider long scenarios if we see a 4hour bullish trend emerge. Trade scenario 2: I would not consider long scenarios on this pair yet but we could see price action reject off 92.850 support and consolidate some more. This pair is due for a pullback so we have to be careful where we consider long scenarios.
by ForexLeague
AUDJPY Daily Analysis April 17th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are clearly very bullish on AUDJPY but we are also consolidating at an extreme high. Price action is near resistance but we have not seen any structure in weeks. In other words, we are due for a pullback. At the moment we can only wait so I have highlighted our next support level around 91.000 as this is the minimum I expect a pullback to. Trade scenario 2: The unlikely scenario is that AUDJPY breaks resistance at 95.000 and keeps rallying.
by ForexLeague
1
AUDJPY Daily Analysis April 10th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Price action on this pair is still very overextended. We’re still looking for a massive pullback to correct this rally and form structure. Without structure we can’t do much on this pair just yet. Ideally, we see some consolidation followed by a pullback to 88.000 support. Trade scenario 2: We may have a short position loading up as well but it will be more risky without structure. Look for a break and retest of 91.000 support with strong bearish candlesticks to enter short on. Look to target lower toward 88.000 support.
by ForexLeague
AUDJPY Daily Analysis April 3rd, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking very bullish here on AJ and nothing here suggests otherwise. We have experienced a very large increase in volume which leaves us lacking structure. Before we can consider any trade scenarios we need to see a massive pullback with structure. Trade scenario 2: The other scenario is that price action is not done rallying. It is very likely price action pushes toward 95.000 resistance then present reactions.
by ForexLeague
AUDJPY Daily Analysis March 27th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Clearly we are bullish but to be honest there is not much we can do with this kind of movement. We need to see clear structure in order to plot a trade scenario so we would need to see a massive pullback then structure before we can do anything. Trade scenario 2: We could also look for a massive amount of consolidation and wait for bearish structure on the lower timeframes. This would allow for potential short opportunities on a pullback to 88.000 support.
by ForexLeague