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Aj

AUDJPY 4hour Analysis April, 25th, 2021AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall we are bullish on AJ but we can clearly see that price action is stuck within a range. Ideally, we continue with the bullish trend and catch a long opportunity off a strong bullish reversal at the current level. Look to enter long on a 30min/1hr break of structure with aligning confirmations and target toward resistance at 84.400. If you’re going to play for the break of the range wait for a transition of 84.400. Trade scenario 2: For us to consider AJ fully bearish we need to see a lower high below support at 83.300 with a confirmed lower high. Target lower toward support at 82.200.
Long
by ForexLeague
AUDJPY 4hour Analysis April, 11th, 2021AUDJPY Short idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Higher timeframes are bullish but we have been seeing some high volume ranging happening on this pair. Currently price action on the 4hour is pushing lower and could present some great short opportunities. Look for a break and retest of 83.300 with a lower high below. Look to target lower toward support around 82.200 Trade scenario 2: For us to consider AJ bullish on the 4hour we need to see a break back above 84.150. In the meantime, you could find a long opportunity on some lower timeframe confirmation if price action starts to reverse at the current level.
Short
by ForexLeague
AUDJPY - WEEKLY PREDICTIONWe're long now! Closing above 74.60 was key to seeing the Double Bottom validated and not just consolidation and weekly support. Now we've had multiple bullish daily closes (good size candles as well), we have confirmation of the Double Bottom off that order block at 74.20 and are looking for buys to add to our current open position (running around 2%). Targets? 1st target is the daily resistance and this is where price could begin to consolidate or bounce off in the short term, especially given the current climate with risk changing every session. Target 2 is the actual completion of the Double Bottom pattern, which is the extension above the neckline, which lines up perfectly with the previous highs created in August
Long
by RealistFX