Aud-jpy
AUDJPY to reverse from trendline resistance, more downside ! AUDJPY to reverse from trendline resistance, more downside ! 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.
AUDJPY to reverse from trendline resistance, more downside ! AUDJPY to reverse from trendline resistance, more downside ! 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.
AUDJPY is testing the 1st support, potential for more upside! AUDJPY is testing the 1st support , where 38.2% Fib retracement and horizontal graphical pullback are. Price could bounce from this level towards our 1st resistance where the horizontal swing high is. It is worth noting that price is trending above both support lines.
AUDJPY - SWING - 23. NOVE. 2020Welcome to our weekly trade setup ( AUDJPY )!
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1 HOUR
Bullish market open and pressure.
4 HOUR
Overall bullish market structure with a pullback.
DAILY
Expecting further upside movement!
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FOREX SWING
BUY AUDJPY
ENTRY LEVEL @ 75.940
SL @ 75.470
TP @ 76.610
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 4hour Analysis November 22nd, 2020AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Price action continues with this bearish channel and forms another bearish leg. Look to enter short after a strong reversal from the current resistance level at 76.000. Look to target lower toward key support at 75.000 & our -61% fib level.
Trade scenario 2: Price action breaks trend and goes bullish. Only look to enter long after we have confirmed a higher lower above 76.000 & above this channel. Target higher toward key resistance around 76.500.
How to make a Top/Down Analysis? Full Explanation on AUD/JPYGood morning traders!
We want to share how we carry out a complete top and bottom analysis to look for an opportunity to enter a trade.
Step number one is to go to a high timeframe. In this case, we begin by analyzing the Weekly Chart.
🔸What do we observe here?
🔸The first thing we see is that the price is in a bearish channel since 2014. Every time the price retested the Descending Trendline, it was rejected.
Right now the same thing is happening, so we can consider a potential bearish move, at least in the short term.
🔸Obviously, we need more confirmations.
🔸For this, we reduce the timeframe to 4H, and look for the most relevant support and resistance zones.
The price is resting in a relevant resistance zone, which supports our bearish view.
🔸And finally, on the one-hour chart, we see that the trend line of the last bullish move was penetrated down after support at Resistance.
Also, there is a corrective move. Considering that the current correction is correcting the first bearish impulse, we can expect a bearish continuation of the same proportion as the first impulse.
🔸All this scenario is valid as long as the Resistance zone is not rotated upwards.
AUDJPY 4hour Analysis November 15th, 2020AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish as we have a recent 4hour break of structure. Currently looking for a retest and a confirmed lower high below our 4 hour resistance at 76.300. Enter short on strong bearish setups and target lower toward our negative fib levels and 200 ema.
Trade scenario 2: Price action goes bullish. For us to consider any long opportunities we first need to see a higher low form above our monthly resistance at 76.500.
AUDJPY - Potential retest 🔽AUDJPY brokeout above the downtrend resistance.
RSI is printing a bearish divergence signal.
The market is printing a double top reversal pattern.
Potential retest of the downtrend resistance + fibonacci retracement levels.
Sell entry - breakdown below the double top neckline support ⬇️.
AUDJPY is reversing from 1st resistance, potential for further dAUDJPY is reversing from 1st resistance, where the horizontal swing high and 76.4% fib retracement are. Price could reverse further towards our 1st support where the 78% fib extension and 38% fib retracement are. Stochastics is also showing signs of bearishness.
AUDJPY on a descending channel AUDJPY on the daily chart is moving inside a descending channel.
The price just hit and got rejected by the upper trendline, creating a double top formation.
IF the price will break below the ema and consequently break the support structure we will set a nice short 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.
AUDJPY triangleThis week started with a impulse movement.
Yesterday things calmed down and managed to form many models of technical analysis that allow us to trade.
Triangles are currently forming in many places.
But still a small part of them have broken through and started executing, so they need to be monitored.
But the triangle at AUDJPY already has a break and has started its movement!
Here we expect the price to continue to the following resistance levels:
77.20
77.50
77.85
The model breaks down when the previous bottom breaks!
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