AUDJPY is approaching resistance, potential drop! AUDJPY is approaching resistance, potential drop! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Aud-jpy
AUDJPY testing 1st resistance , further drop expected ! AUDJPY is trending in a triangular squeeze and is facing bearish pressure from our first resistance, in line with the 78% fib retracement , where we could see a further drop towards 1st support. Stochastics is also showing increasing bearish pressure for AUDJPY . If price goes lower and breaks the ascending trendline, this could be another confirmation that AUDJPY will break out to the downside!
AUDJPY on an ascending channel 🦐AUDJPY on the 4h chart has broke above the weekly resistance structure at the 77 area.
The market is moving inside an ascending channel.
IF the price will break above the 77.300 we will set a nice long order according to Plancton's strategy.
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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 is facing bearish pressure from 1st resistance ! AUDJPY is trending in a triangular squeeze and is facing bearish pressure from our first resistance, in line with the 78% fib retracement , where we could see a further drop towards 1st support. Stochastics is also showing increasing bearish pressure for AUDJPY. If price goes lower and breaks the ascending trendline, this could be another confirmation that AUDJPY will break out to the downside!
AUDJPY 4hour Analysis December 6th, 2020AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullisj
4Hour Trend: Bullish
Trade scenario 1: Overall we are very bullish on this pair still. Currently we could see price action take off from here or pullback to form structure. In either scenario, if price action continues bullish look to target higher toward 79.000.
Trade scenario 2: If price action goes bearish we need to see a lower high below 76.500 to change this 4hour trend. Look to target lower toward key support levels.
Long perspective on AUDJPY / 2 timeframes viewLet's start with the Daily View:
a) We can see 3 relevant horizontal levels. Those are the main areas we will be paying attention to. Now the price is above a resistance zone (working as support), and we will aim for a bullish movement towards the next resistance zone.
b) Another important item is a Huge Corrective Structure that has been broken (Bullish Signal)
Now we will go to the 1H chart:
a) We can see the clear breakout of the Daily corrective Structure ABC pattern.
b) The price now is above the resistance zone, supporting a small corrective pattern + the Ascending trendline supporting the corrective pattern.
c) Based on those items, we expect a continuation of the bullish movement towards the next resistance zone.
AUDJPY: Consolidation on Key Level
AUDJPY is standing for 6 days on a key daily structure.
On 4H the price is trading within a horizontal decision range.
Most of the time, the side of the breakout (4H candle close above/below) of the range will show the future direction of the market.
In case of a bullish violation, I will expect a continuation to 77.4 level.
In case of a bearish violation, the price will most likely drop to 76.0.
Be patient and wait for the decision,
then just follow the market.
AUDJPY on a weekly resistance 🦐AUDJPY after bouncing on the 0.382 Fibonacci level of the previous bullish leg created a nice impulse to the upside until the weekly resistance area.
The price couldn't break above yet and created a kind of double top.
We can expect the market to provide us 2 different scenarios.
IF the market will break above the weekly structure, we can set a long order.
If the price instead will break below the daily support we will look for a 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.
Leave a comment that is helpful or encouraging. Let's master the markets together
We expect a break at AUDJPYFollowing the uptrend in November, AUDJPY entered the H1 range.
The break will allow you to enter a trade. The previous upward trend suggests that we are more likely to see a break in resistance, but pre-entries will be risky.
Wait for the price to close outside the range and then look for an entry in this trade!
Resistances:
77.35
77.52
77.86
Support
76.13
75.56
If you have questions about how to trade this or another situation, contact us!
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Audusd is heading...Rate news is coming in a few hours time,
Aud if weaken should see if test and break the 0.7330 level...
Watching it...other pairs of aud worth noting to short i AUD weakens are AUDJPY and AUDSGD
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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 4hour Analysis November 29th, 2020AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action continues bullish and breaks through this rectangle and daily resistance at 77.000. Look to enter on a confirmed higher low above this level, enter on strong bullish setups and target higher toward our -27% fib level.
Trade scenario 2: Price action goes bearish. To confirm this change of trend we need to see a lower high form below our monthly level at 76.500. Enter short on strong bearish setups after the lower high and target toward our 4hour key support at 76.000
AUDJPY ANALYSISAUDJPY broke downtrendline
Pair is based above support level at 75.45
Price is based above HVN at level 75.85 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows bullish momentum
RSI broke downtrend
We r waiting price to exceed key level at 76.50 to open long trade
It's expected to target resistance level at 77.70