Extremely Clean Aud/Jpy Re-cap Please see our above trade on Aud/Jpy posted on 21st November 2021 link below.
Lets break down why we took this trade and how you could have identified this the same.
Starting from the Daily timeframe we identified a daily descending channel which was broken and retested on September 21st. We then started a bullish move towards the previous swing high made on the 10th May 2021. This area was clearly rejected on the daily time frame and then exhaustion followed.
Moving down onto the 4hr chart.
We identified the 4hr ascending trend line that was keeping the bullish move alive and one which we would then use to give ourselves confluence that the bullish move had ended and we could be looking for short positions. After our ascending trend was broken this gave us more confluence and we then moved on to identifying so key market structure and some exhaustion.
This all took place straight out the textbook and we then used the EMA's and descending trend to capatilise on this move to the downside.
To see more set ups like this in advance give the page a follow and if you agree with our ideas hit the thumbs up. If you have a different view point leave a comment below, after all everyday is a learning day.
Have a wonderful weekend.
The Fx Chartist
Aud-jpy
Possible trend shift in AUDJPY – going short | 2nd Dec Signal ID: 78515
Time Issued: Thursday, 02 December 2021 00:00:15 GMT
Status: open
Entry: 79.983 - 80.449
Limit: N/A
Stop Loss: 81.148
The Tidal Shift Strategy has just sold AUDJPY at 80.216. The system recommends entering this trade at any price between 79.983 and 80.449. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.638, which suggests that the AUDJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.186, so the stop loss has been set at 81.148. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY potential short-term bounce | 30th Nov 2021Price is reacting in a descending channel , signifying an overall bearish momentum. However, we can expect price to make a small retracement. We can expect price to bounce from the pivot level in line with graphical support, channel support and 78.6% Fibonacci retracement towards the take profit level in line with 38.2% Fibonacci retracement and 127.2% Fibonacci projection . Our short-term bullish bounce is further supported by the stochastic indicator where the %K line is approaching the support level .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY potential short-term bounce | 30th Nov 2021 Price is reacting in a descending channel, signifying an overall bearish momentum. However, we can expect price to make a small retracement. We can expect price to bounce from the pivot level in line with graphical support, channel support and 78.6% Fibonacci retracement towards the take profit level in line with 38.2% Fibonacci retracement and 127.2% Fibonacci projection. Our short-term bullish bounce is further supported by the stochastic indicator where the %K line is approaching the support level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
buy itbuy ..............................................................................................................................................................................................................................................................................................................................................................................................................................................................................
AUDJPY is at Pivot, potential for bounce! | 29 Nov 2021Prices is abiding by an ascending trendline. We see potential for bounce from our buy entry at 80.591 which is an area of Fibonacci confluences towards our support at 82.347 in line with 23.6% and 61.8% Fibonacci retracement . RSI is at a level where bounces previously took place. Alternatively, our stop loss will be placed at 79.9 which is in line with 100% Fibonacci extension .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY is at Pivot, potential for bounce! | 29 Nov 2021Prices is abiding by an ascending trendline. We see potential for bounce from our buy entry at 80.591 which is an area of Fibonacci confluences towards our support at 82.347 in line with 23.6% and 61.8% Fibonacci retracement. RSI is at a level where bounces previously took place. Alternatively, our stop loss will be placed at 79.9 which is in line with 100% Fibonacci extension.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY potential short-term bullish bounce | 26th Nov 2021 Price is reacting in a descending channel, signifying an overall bearish momentum. However, we can expect a short-term retracement from the pivot in line with 100% Fibonacci projection and graphical overlap towards the take profit level in line with 78.6% Fibonacci retracement and 100% Fibonacci projection. Our short-term bullish bounce is further supported by the stochastic indicator where the %K line is abiding to a ascending trendline support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Bearish outlook on AUDJPYOn the H2 time frame, we are seeing bearish order flow and a pullback to test its resistance zone at 83.97, in line with the 78.6% fibonacci retracement presents an opportunity to play the drop. RSI is also showing further upside before prices entered the overbought region and Ichimoku is showing signs of bearish pressure, in line with our bearish bias. That said, there is a chance that prices could continue its downtrend from here as it is currently holding below the 100 EMA which acts as dynamic resistance.
A divergence signal appeared with AUDJPYH4 time frame.
Structure: Uptrend.
Currently, AUDJPY is forming a divergence at the price area of 82,000 - the 50% Fibonacci zone of the previous WXY up wave.
Here, wait for the price to break the Key level at 84,000 and complete the bullish reversal pattern, then you can find buying opportunities.
The profit target is the 87,500 price zone.
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Wish you all have a good trading day!
AUDJPY bearish continuation | 22nd Nov 2021 Price is abiding to the descending trendline, signifying a bearish momentum. We can expect price to drop from pivot level in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement towards 1st Support in line with 78.6% Fibonacci projection. Our bearish bias is further supported by the Ichimoku cloud indicator where price is holding below it.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY potential short-term bounce | 18th Nov 2021We can see that price is abiding to the descending trendline resistance. However, we can expect price to make a short-term retracement. We can expect price to bounce from pivot level in line with 50% Fibonacci retracement and 100% Fibonacci projection towards take profit level in line with 78.6% Fibonacci projection . Our short-term bullish bias is further supported by stochastic indicator where %K line is at the support level .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY potential short-term bounce | 18th Nov 2021 We can see that price is abiding to the descending trendline resistance. However, we can expect price to make a short-term retracement. We can expect price to bounce from pivot level in line with 50% Fibonacci retracement and 100% Fibonacci projection towards take profit level in line with 78.6% Fibonacci projection. Our short-term bullish bias is further supported by stochastic indicator where %K line is at the support level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY on bullish momentum! | 17 Nov 2021Price is on a bullish momentum and is abiding to our ascending trendline. Our buy entry at 83.535 in line with 78.6% Fibonacci extension towards our Take Profit at 84.531 in line with 50% Fibonacci retracement . Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
AUDJPY on bullish momentum! | 17 Nov 2021Price is on a bullish momentum and is abiding to our ascending trendline. Our buy entry at 83.535 in line with 78.6% Fibonacci extension towards our Take Profit at 84.531 in line with 50% Fibonacci retracement. Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
Breakout Identified in AUDJPY | 16th Nov Signal ID: 78273
Time Issued: Tuesday, 16 November 2021 01:48:15 GMT
Status: open
Entry: 83.924 - 84.22
Limit: N/A
Stop Loss: N/A
The Breakout Opportunities system has just bought AUDJPY at 84.067. The system recommends entering this trade at any price between 83.924 and 84.22. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -2.019, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low of 83.495 and a profit target has been set at the 1 Day ATR level at 84.679. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
AUDJPY is on bullish momentum! | 15 Nov 2021Price has recently broken out of our bullish trendline and is at a Pivot . We see the potential for a trend reversal from our 1st support at 83.502 in line with 38.2% Fibonacci retracement , 161.8% Fibonacci extension , and graphical overlap towards our 1st resistance at 84.564 in line with 100% Fibonacci extension and 50% Fibonacci retracement . Alternatively, our stop loss will be placed at 2nd support at 82.989 in line with bullish trendline and graphical overlap. Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
AUDJPY is on bullish momentum! | 15 Nov 2021Price has recently broken out of our bullish trendline and is at a Pivot. We see the potential for a trend reversal from our 1st support at 83.502 in line with 38.2% Fibonacci retracement, 161.8% Fibonacci extension, and graphical overlap towards our 1st resistance at 84.564 in line with 100% Fibonacci extension and 50% Fibonacci retracement. Alternatively, our stop loss will be placed at 2nd support at 82.989 in line with bullish trendline and graphical overlap. Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
AUDJPY facing bearish pressure, potential for more downside!Price is consolidating and reacting below upper resistance of the Descending price channel. Furthermore Price is also holding below the 1st resistance at 83.423 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci extension. Price may bearish from 1st resistance at 83.423 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci extension to 1st support at 82.508 in line with -27.2% Fibonacci retracement , 61.8% Fibonacci extension and a possible completion of wave 4 of an Elliot wave structure which happened to be in line with 50% of Fibonacci retracement of Wave 3 of the possible Elliot wave structure. In addition, our bearish bias is further supported by how the Price is holding below the EMA, the Ichimoku cloud and RSI is abiding to a descending trendline. Otherwise Price may bullish towards 2nd resistance at 83.959 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension.
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AUDJPY potential for further downtrend | 12 NovPrice is near the sell entry price of 83.306 which is Fibonacci projection of 100% and Fibonacci retracement of 61.8%. Price can potentially dip to the take profit level of 81.889 which is 50% Fibonacci retracement and 61.8% Fibonacci projection . Our bearish bias is supported by ichimoku cloud indicator as price is trading under it.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
AUDJPY potential for dip | 12th Nov Price is near the sell entry price of 83.306 which is Fibonacci projection of 100% and Fibonacci retracement of 61.8%. Price can potentially dip to the take profit level of 81.889 which is 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by ichimoku cloud indicator as price is trading under it.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website