AUDJPY - Trade Idea! Good morning Traders!
Some get excited for the weekend but I get most excited for the Monday mornings! On the weekends I do get up early on Saturday - Morning routine and I did my analysis. I got something special for you this weekend - There will be a video coming out this weekend going through major pairs for the week ahead - We are in for a treat all of us! If you'd like access to the week ahead video - Message privately or simply comment down below.
Technical Aspect AUDJPY 1HR:
Pattern: Descending triangle formation
Support: 79.750, 79.530, 79.230
Resistance: 80.185, 80.275, 80.375
How to approach this trade idea:
- Look for pull back towards the resistance areas taking it down towards the great support areas!
- 50 & 200 EMA are great resistance zones
- Want a better price? Go towards lower time frame perhaps 15Mins chart for intraday trade - finding a what fits your plan to get into a short.
Key Tip: Follow your own trade plan, the analysis I provide you is just a guidance - add your own creative aspects towards trading to add further confluence and confidence.
Thank you for the comments & messages received, really grateful for the great positive trading community!
Have a great week ahead
Trade Journal
(Just trading Idea, not a recommendation)
Aud-jpy
AUDJPY 4hour Analysis January 24th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are still very bullish on this pair, however, we saw a 4hour higher low break/transition. For now we will wait for strong bullish setups and higher lows. This pair remains bullish on the daily timeframe as long as price action holds above 79.600. Look to target toward prior highs and negative fib levels.
Trade scenario 2: For us to consider short positions we need to see strong bearish momentum and lower highs below 79.600 & 79.000. Target lower toward significant levels of support.
AUDJPY on a rising wedge? 🦐AUDJPY after our last analysis retest the weekly resistance.
The price created a rising wedge formation near the 0.618 Fibonacci retracement.
According to Plancton' strategy, if the condition will be satisfied, we can 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.
Is it time to short?!At the moment, the price is testing two important zones: the horizontal resistance and the channel resistance.
If the resistance level is respected and the next candlestick turns bearish, I believe that we might have the same market behavior as on Jan 8th and Jan 14th.
If you have a different view, please share, I would love to hear your analysis.
AUDJPY 4hour Analysis January 17th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AJ is bullish on all major time frames except the 4hour where we saw price action break a higher low. Now we’re looking for a reversal and established higher low near our 78.6% fib level around 79.600. Look to enter long and target higher toward key resistance levels.
Trade scenario 2: For us to consider short positions we need to see a break and retest of 79.600 with a confirmed lower high. Enter short and target major support levels.
AUDJPY looks likely to have more downsidemore downside to come?Shall see..
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
AUDJPY - Intra day trade Idea!Technical view of AUDJPY: Quick Intraday trade idea!
Pattern: Bearish Flag formation longer term, within intraday - Playing a H&S pattern - Confirmed once broken the trendline up - (Highlighted the key area in Blue)
Support: 80.400*, 80.290, 80.170
Resistance: 80.600*, 80.700, 80.830
200 & 50 EMA - 80.400 is a key support area where it holds the trendline up as well as higher confluence, once broken - It could excel further towards the other support areas highlighted.
Key target areas you could be looking towards - Fib retracement areas of: 0.236 & 0.382
How you could play this trade - Wait for the break out of trendline down, add order in, or wait for pull back once broken out.
All the best,
Trade Journal
(Just a trade idea, not a recommendation).
AUDJPY on a weekly resistance 🦐AUDJPY on the 4 h chart reached the weekly resistance at the 80.500 level.
The price which is moving in a long ascending daily channel almost touched the upper trendline and now testing a minor support at the 0.382 Fibonacci of the previous leg.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short position.
–––––
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 approaching 1st support, potential for a further rise!AUDJPY dropped nicely and is likely to bounce from 1st support, where the graphical overlap, 61.8% fib retracement, 127% fib extension are. Potential target could be at graphical swing high is. Stochastics also shows a bullish momentum is building.
AUDJPY 4hour Analysis January 10th, 2020AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AJ is overall very bullish and is currently at a high. Ideally we want price action to pull back and form structure. This will give us an opportunity to enter long on a confirmed higher low. Look to target higher toward our negative fib levels.
Trade scenario 2: If we are to consider short scenarios we want to see a break and retest of 79.000 with a lower high below. Look to target lower toward major levels of support.
Possible trend shift in AUDJPY – going long The Tidal Shift Strategy has just bought AUDJPY at 80.46. The system recommends entering this trade at any price between 80.273 and 80.647. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.017, which suggests that the AUDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.15, so the stop loss has been set at 79.712. This stop loss order is a trailing stop that will move up as the market moves up. 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.
Signal ID: 74592
Time Issued: Thursday, 07 January 2021 02:00:16 GMT
Status: open
Entry: 80.273 - 80.647
Limit: N/A
Stop Loss: 79.712
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AUDJPY 4hour Analysis January 3rd, 2020AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AJ is very bullish, we just saw a major break of resistance at 79.000. From here we want to see a pullback to form structure and a higher low above 79.000. Look to enter long on proper confirmation and a moving average cross. Target higher toward our negative fib levels.
Trade scenario 2: For us to consider short scenarios we need to see a break and retest of 79.000. Look to enter short after a confirmed lower high and target lower toward key levels of support.