There may be a pull back to the 95.692 price level for an entry on the 1H timeframe.
AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We recently broke the daily range after price action pushed above 95.000. Currently price action seems to be ranging between 95.000 & 96.000 so we will have to wait for clear price action to make a decision. If we are to look for long entries we need to see a...
AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Despite a decent recovery from the start of the year, the AUD gave back most of its 1Q22 gains throughout 2Q22 due to China’s continued struggles with Covid breakouts, and more recently the big slump in key commodities (Iron Ore & Coal). China’s economy is always a key focus for the AUD. While other major economies...
As I said before, the Australian Dollar/Japanese Yen started to fall from the top of the ascending channel with Shooting 💫Star💫 Candlestick Pattern and finally managed to break the bottom line of the ascending channel. As a result, the Australian Dollar/Japanese Yen's expectation of my green color decreases. 🔅Australian Dollar/Japanese Yen Analyze ( AUDJPY )...
Hey traders, in the coming week we are monitoring AUDJPY for a selling opportunity around 94.8 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
We are located near an order block, which is very likely to fall from this area. r:r 1:5
AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Ranging 4Hour Trend: Bullish Trade scenario 1: Overall we are bullish on AJ but we have been seeing a ton of ranging on the daily timeframe and now we can see some choppiness happening here on the 4hour. The most likely scenario is price action rejecting 95.000 resistance and heading lower. Trade scenario...
Hey traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 94,8 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are looking bullish on AJ. Going into this week we are going to look for reactions near our 95.000 resistance zone. For us to continue bullish we need to see a significant high above 95.000 with a confirmed higher low above. Trade scenario 2: For...
The AUDJPY pair has been trading within a bullish Channel for more than a year and is currently on the 1D MA50 (blue trend-line). The 1D RSI Lower Highs sequence prompts to the similar structure of November 2021 - February 2022, which made the pair break upwards when the RSI Lower Highs broke eventually. As a result, a similar RSI break-out should be enough to...
Hey traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 93.9 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are clearly bearish on the 4hour timeframe with a good amount of volume present. We want to continue bearish so ideally we see this double top form and price action starts to fall. Look for a confirmed lower high below our 93.000 zone for short...
AUDJPY is showing us a really nice flat correction. A flat correction consists of 3 major waves, which is broken down into 3(A) 3(A) C(5). We are currently in C wave, subwave 4. Expecting subwave 5 soon. Trade Idea: - Watch for breakdown of subwave 4 correction - Entry after break of red trendline - Stops above the highs of the correction - Targets: 90.5...
-Trend = downtrend -Price inside 4hr supply. -Price below 200MA -Look for shorts but wait for confimraiton (x2) (see chart)
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Looking massively bearish on DXY from last week. Currently, price action is sitting at a low near our 93.000 level. Ideally price action forms clear structure by pulling back to our 38.2% fib level then rejecting. Trade scenario 2: On the other hand price...
Hey traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 94.7 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are extremely bullish on AJ but how price action is acting around our 95.000 zone makes this chart tricky. Ideally, we reverse near 95.000, as the pair is overextended, and start forming strong bearish characteristics. Trade scenario 2: For this...