SELL on AUDJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price is inside an ASCENDING CHANNEL and started falling from its resistance
Let us know your views on this in the comment section. Thank you all.
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Aud-jpy
AUDJPY - A break to either direction!!AUDJPY - Trade Idea!
Technical view:
Support: 84.215, 83.880, 83.515, 83.375, 82.975 (Keep an eye on 50EMA)
Resistance: 84.760, 84.940, 85.460, 85.915
Pattern: Wedge
Technically we within a small range at this current moment of time. A break to either direction to next support or resistance zones. Add alerts to make it easier to trade either direction!
Fundamental:
Major move from the market this week will be done by FOMC this week, keep an eye on dot plot. Interests rates will most likely be left unchanged.
Other factors to keep in mind - Yields.
Bonus: I got given a question privately which I feel will help a lot of people
How do you trade cryptocurrencies?
As we had the great momentum towards upside. The reality is - It's very easy to add the same analysis you are doing within FX - just break out strategies and transfer it to a mostly retail driven market to cryptos. I use the same strategy on most assets I trade. If you're trader already within FX, transferring this skill should be easy there is no need for extra fancy costly courses, given by great sales people. The only thing you will need to go in-depth research into where and what exchange you'd like to trade from, researching coins you're interested in and making sure if you do trade within your broker they are regulated. I trade mostly futures.
Follow your own trade plan.
Have a great week ahead,
Trade Journal
(Just a trade idea, not a recommendation)
AUDJPY analysisThe upward trend continues! From weekly chart to one hour - we see an upward trend in all periods.
This is probably one of the most definite movements at the moment.
The only option to engage in such a movement is in correction or break and test.
This is what we expect at the moment - to see a break of the previous peaks and to join the test.
The expected levels are 85.27 and 85.60!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
AUFDJPY for new recent highs 🦐AUDJPY is consolidating in a minor range below a structure at the previous highs.
According to Plancton's strategy, if the price will break above and the conditions will be satisfied 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.
Mar 9
Comment:
AUDJPY 4hour Analysis March, 14th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall this pair is still very bullish and is currently near our 0% fib. We are a bit over extended on the 4hour so we are not yet looking for long opportunities. Ideally, we want to see a pullback with a higher low near 83.550. Look to enter long on bullish confirmation and target 85.000.
If price action fails to pullback we could see price action rally until our new high is formed. Then we will re-analyze,look for a pullback and consider new entries.
Trade scenario 2: For us to consider short scenarios on this pair we first need to see a break of 83.550. Once we are below 83.550, Look to target lower toward 82.250 after we see a lower high and strong bearish setups.
AUD/JPY should test its highs again in the next hours Hey guys,
The pair is currently in a flag inside what looks like a broadening formation (megaphone).
Based on the Ichimoku Cloud, we can see that the price is supported by a thick daily cloud and is currently above all its clouds as well (H1, H4, and Daily) suggesting that it will sooner or later test the highs again.
I am already positioned in this trade, but a more conservative strategy would be to enter as soon as the flag is broken to the upside.
The target is the high of the megaphone which is also nearly the highs over the last month, at around 84.550. So an 80+ pip trade.
Trade with care!
Jesse
💡Don't miss the great sell opportunity in AUDJPY Trading suggestion:
. There is a possibility of temporary retracement to the suggested resistance line (83.92).
. 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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.60.
Take Profits:
TP1= @ 83.48
TP2= @ 83.15
TP3= @ 82.93
TP4= @ 82.68
TP5= @ 82.17
SL= Break below S2
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AUDJPY on a bull flag 🦐AUDJPY after the recent highs retraced until the 0.618 Fibonacci level.
The market from there started a new impulse until the weekly resistance.
Currently, the price is consolidating below a minor resistance inside a bull flag and is attempting to break above.
According to Plancton's strategy, if the price 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 March, 7th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’re very bullish on AJ and we still aren’t seeing any significant signs of bearishness. Ideally, we’re looking for an entry on a break of this bullish flag and higher low above our 38.2% fib level. Look to target higher toward 85.000.
Trade scenario 2: This pair will still be bullish until we see a significant break of support at 82.250. We could see price action fall to this level in which case we will re-analyze and consider a break or bounce.
AUDJPY +50PIPS PROFIT TAKENOne of our last trades that we entered here at forexinsightsuk early hours yesterday was the AUDJPY. This trade took off just how we wanted it too but never finished the way we'd liked. We manually closed out of this trade 50 Pips in profit as we were encountering a pull back which indicated to us a slow down of bullish momentum. We didn't want to risk loosing any profits considering the week that we have had. Therefore a wise move was to close out in a comfortable position without the fear of holding and loosing.
We are currently searching the markets for another setup today, but unfortunately nothing is jumping out at us at the moment so we won't force any trades. We will keep you updated a little later on whether we enter any positions.
Good luck and have a great Friday Guys.
AUDJPY bounced at the 0.618 🦐AUDJPY after the recent highs retraced until the 0.618 Fibonacci level.
The market from there started a new impulse until the weekly resistance and currently is attempting to break above.
According to Plancton's strategy, if the price 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 - SWING - 03. MAR. 2021Welcome to our weekly trade setup ( AUDJPY )!
-
1 HOUR
Bearish pullback in a bullish market structure..
4 HOUR
Pullback formed and price retraced.
DAILY
Expecting more upside pressure now!
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FOREX SWING
BUY AUDJPY
ENTRY LEVEL @ 83.150
SL @ 82.140
TP @ 84.610
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 1H TIMEFRAME IDEA SHORTLooking to go short on AUD/JPY after the breakout of the monthly ascending wedge, from which retest might occur, and then place your short position.
** You are not obliged in any way to follow this idea/analysis.
This is just my interpretation based on my indicators.
Follow me for more ideas/forecasts.
AUDJPY 4hour Analysis February, 28th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Price action is still overall very bullish and could be due for a reversal at key support. Ideally, we want to see price action reversal at the current level (82.000) and show strong bullish setups we can then enter on. Look to target higher toward key resistance levels.
Trade scenario 2: Personally I’m not interested in taking short positions until I see lower highs below 80.800 because price action could technically fall to 80.800, reverse and still be overall bullish.
AUD/JPY On a Critical ZoneGood morning traders, today we bring you a long-term analysis of the AUD/JPY pair, since it is in a critical zone.
🔸Speaking a bit of context, we see that this year the price broke up the Bearish Channel, which is a strong bullish signal.
🔸After that break, there was no interesting Supply Zone, so it had a clear path to the current price level.
🔸The area that it is facing right now is a Resistance Zone that throughout 2018 could not penetrate to the upside, and finally started a great bearish momentum after bouncing numerous times.
🔸Given the previous point, we are waiting for a clear behavior to be able to make a decision to trade in this pair, and, for the moment, we will stay out of any trade.
🔸In case of seeing a Bullish Breakout, the next target zone is about 500 pips away at 88,600.
🔸In case there is a strong rejection to the downside, we may see a Bearish Move towards the Support Zone at 77,800, about 500 pips away as well.
AUDJPY is facing bullish pressure, potential for more upside!AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our horizontal swing high resistance and it coincides with the 61.8% Fibonacci retracement . If prices were to fall, then it might reach our the 2nd support level which coincides with our pullback support as well as the 78.6% Fibonacci retracement .