Aud-jpy
AUDJPY looking for a retracement 🦐AUDJPY couldnt break above the 84.500 area and moved lower.
The market is now testing the support at the 83 level and according to Plancton's strategy if the market will break below we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
AUDJPY: Pullback From Key Level
Hey traders,
AUDJPY reached a strond daily support this night.
Then, the price managed to violate a resistance line of a fallng wedge pattern on hourly.
Taking into consideration, that the pair is ranging from the end of March,
chances are high to see a pullback now.
Goals:
83.75
84.3
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Check the status AUDJPYAs you can see, it is in an uptrend channel, according to the ADX indicator, there is no dominant trend in the market, and the Stochastic RSI oscillator is not yet in the extreme sales range.
If we define a good time to take a long position, it is the time when we are at the bottom of the canal and in the Stochastic RSI oscillator, it will deliver to a Golden Cross, and we must wait until then.
AUDJPY looking for new highs 🦐AUDJPY is moving inside a range between 2 converging trendlines .
The price has recently tested the resistance at the 84.300 level and according to Plancton's strategy if the market will break above we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY looking for new highs 🦐AUDJPY on the daily chart is moving inside a range between 2 converging trendlines.
The price has recently tested the resistance at the 84.300 level and according to Plancton's strategy if the market will break above we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY - FOREX - 19. APR. 2021Welcome to our weekly trade setup ( AUDJPY )!
-
1 HOUR
Bearish market open and price action.
4 HOUR
Overall bearish waving market..
DAILY
Expecting more bearish pressure.
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FOREX SETUP
SELL AUDJPY
ENTRY LEVEL @ 83.880
SL @ 84.340
TP @ 83.190
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDJPY 4hour Analysis April, 18th, 2021AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are bullish but we are currently in a large range between 84.400 & 83.300. Ideally, we want to see the bullish trend continue and break through resistance. Look to enter on a higher low above 84.400 and target higher toward our 0% fib level.
Trade scenario 2: If price action reverses here we could see the range continue and price action could fall to support at 83.300. There is a short position here if we see the proper confirmation and bearish setups. But for us to consider AJ overall bearish we really need to see this range break and price action needs to get below our weekly zone.
AUDJPY looking for new highs 🦐AUDJPY is moving inside a range between 2 converging trendlines.
The price has recently tested the resistance at the 84.300 level and according to Plancton's strategy if the market will break above we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
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.
AUDJPY 4hour Analysis April, 5th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Currently we are back to bullish and ready for lift off! We just saw price action break and retest resistance at 84.150 and are now waiting for bullish confirmations to enter long. Look to target prior highs after conviction.
Trade scenario 2: For us to consider AJ bearish again we need to see a transition of 84.150. Look to enter short on a lower high and target lower toward our weekly support.
AUDJPY ANALYSIS AUDJPY broke downtrendline
Strong bullish wave (a) ended at level 84.48
then corrective bearish wave (b) rejected from uptrendline with bullish movement
Above SMA 100
MACD shows weakness in bearish momentum
It's expected forming bullish wave (c) to target HVN at level 84.40
then finally target supply zone at level 85.45
AUDJPY a turn at our beloved 0618 🦐AUDJPY after the double bottom over the minor support started a retracement move.
The market reached the 0.618 of the previous impulse and is now turning again into a bearish scenario.
If the price will break below the trendline according to Plancton's strategy we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY is facing bullish pressure, potential for more upside!Prices are facing bullish pressure from 1st support in line with 100% fibonacci extension and 61.8% fibonacci retracement. Prices might pullback to 1st support before pushing up higher towards 1st resistance in line with horizontal swing high resistance and 78.6% fibonacci extension. If prices fall through 1st support, prices might push down towards 2nd support which is in line with 50% fibonacci retracement and 161.8% fibonacci extension. EMA is also below prices, signalling a bullish pressure for prices.
AUDJPY ANALYSIS AUDJPY broke downtrendline
Pair is based above key level at 83.05
Above SMA 100
MACD shows weakness in bearish momentum
RSI is above level 50
we r waiting price to exceed next resistance level at 83.90 to open long trade
It's expected to target first HVN at level 84.40
then finally target supply zone at level 85.45
AUDJPY 4hour Analysis March 28th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are back to bullish. Last week we did see a strong reversal near our 100% fib level followed by a rally. At the current level we can not just take a long opportunity, we need to wait for a higher low & new support to form. Ideally we want to see a transition of 84.150 with a confirmed higher low that we can enter on. Look to target higher toward key resistance levels.
Trade scenario 2: Overall we are bullish until we see 83.300 break and retest. Look to target lower toward key support levels if this happens.
💡Don't miss the great sell opportunity in AUDJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (84050).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 81.970
TP2= @ 80.620
TP3= @ 79.520
TP4= @ 78.850
TP5= @ 77.460
SL: Break Above R2
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Aud Jpy Long idea After we are in an uptrend for sometime with confirmed trendline action ...we just broke the TL (Fakeout maybe?!) we saw several clear flips on the upside since yet and i hope to see one more right now + demand zone is a good confirmation and confluence for me to enter a long with some wider sl and one pending a bit lower for tighter sl + higher RR factor..
i will check LTF for sure to look for confirmed entry into the HTF trade...
keep an eye on the usdcad as well as we could trigger something soon..
have a great week all