AUDJPY on the upper trendline 🦐AUDJPY after perfectly bouncing over the monthly support at 73.350 has started a new bullish leg.
The price has reached the descending trendline below a daily structure at the 0.5 fib retracement of the previous leg.
IF the price will break and close above we can set at the retest a nice long order.
IF the price on the other hand will be rejected we will look for a short position.
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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.
Aud-jpy
AUDJPY 4hour Analysis November 8th, 2020AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action forms a higher low at our 75.000 handle and gives us strong bullish setups. Enter on a strong bullish setup & break of the resisting trendline. Target higher toward 76.000
Trade scenario 2: Price action goes bearish. Look for a lower high to form below 75.000 with strong bearish setups. Target lower toward our weekly level at 74.000
Dear AUDJPY, you're on a wrong path... Sincerely, GeorgeWhile US elections are transforming in a thriller that reaches its final word, we're looking at AUDJPY is being cheeky where it is.
First of all, price recently broke a long-term falling wedge and after that it managed to hit the 75.xx level and since then we notice that buyers and sellers have slowed down the tempo, hence the moves are more clean.
At this point, I'd like to mention that price went aggressively to the upside after AUD saw massive support from buyers after fundamental factors played in. During this time, JPY was being sold against almost every currency, so we didn't see any odd movements.
But now, AUD is moving in an overbought environment, where it's most likely that investors don't like to be. At the same time, JPY starts attracting again short-term buyers, who are willing to put their money somewhere safe till the elections drama is over.
All these situations, are presented in charts with a rising wedge which most of the times ends being a bearish movement that is sorta seen on the horizon.
You might want to start entering on the Bearish side now. Personally, I'd like to see the pattern completing before I put some chips in.
Hope you like my idea! Have fun and trade safe during these days! :)
The birth of fresh weakness📌 Here we go for the main event...
To illustrate the spillover effects between US and the rest of the board, we are going to use AUDJPY. This is absolutely going to be a long night, and of course, I wish it was over with already. Trump should, as has been emphasised several times, come out on top. What would be the significance of this move? Well, it renders the risk-off crowd totally mobile as it will be contested. To the other side, a Biden victory has somehow been taken as positive, let me point out the tax hikes that shall come back and will be really damaging.
SELL AUDJPY @ 75.00 | TP1 73.9x | SL 75.6x
Using JPY as 'defence against the dark arts' of politics tonight for multiple protection angles, in fact it puts the dark arts in the spotlight; protecting AUD outflows and JPY inflows are going to get in each other's way!
AUDJPY - SWING - 03. NOVE. 2020Welcome to our weekly trade setup ( AUDJPY )!
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1 HOUR
Very bullish pressure above main sr level.
4 HOUR
Expecting more bullish price action..
DAILY
Expecting a turnaround and more upside!
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FOREX SWING
BUY AUDJPY
ENTRY LEVEL @ 73.840
SL @ 73.230
TP @ 74.730
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
Possible trend shift in AUDJPY – going short SELL
73.078 - 73.488 Add to Watch List
Signal ID: 73864
Time Issued: Monday, 02 November 2020 00:00:16 GMT
Status: open
Entry: 73.078 - 73.488
Limit: N/A
Stop Loss: 74.103
The Tidal Shift Strategy has just sold AUDJPY at 73.283. The system recommends entering this trade at any price between 73.078 and 73.488. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 4.532, which suggests that the AUDJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.164, so the stop loss has been set at 74.103. This stop loss order is a trailing stop that will move down as the market moves down. 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.
AUDJPY 4hour Analysis November 1st, 2020AUDJPY Short idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
1Hour Trend: Bearish
Trade scenario 1: Price action has been extremely bearish recently and is maintaining a strong bearish trend. Look for a retest of this recent broken weekly zone and look to enter short on confirmed lower high. Target lower toward major support levels.
Trade scenario 2: For us to consider long scenarios we need to see a confirmed higher low above our 4hour level at 75.000. Look to enter long on strong bullish setups confirming the higher low. Target toward the top of our range at 76.000
AUD/JPY Bearish Analysis🔸WEEKLY CHART EXPLANATION:
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🔸Price is on a downtrend since 2015, making lower lows and lower highs.
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🔸We can observe that it has bounced at the Descending Trendline.
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🔸The first target that we are considering is the Support Zone at 70.000.
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🔸We have an active trade on this pair. Our short trade was triggered after the breakout of the lower timeframe corrective move.
🔸4H CHART ANALYSIS:
AUDJPY pulling back to the trendline, potential to reverse fromAUDJPY is pulling back to the trendline and our 1st resistance where the 50% fib retracement and the 100% fib extension are. Price could reverse further from here towards 1st support where horizontal swing low is. EMA is also showing signs of bearsiness.
AUDJPY - EW UpdateEW Analysis:
Wave 5 is approaching 1.618 fib level of Wave 4, this is a standard reversal point in the cycle, a break below this level will mean longer selloff. On a bigger wave cycle, audjpy is in a ABC pullback, Wave 5 also C Leg. If price reverses it will also match bottom of price channel. There is some good signs it will be safe to buy around 72.2- 72.3 territory with a safe stop loss. Good luck.
AUDJPY testing a daily support 🦐AUDJPY on the daily chart is now testing an important daily support at 74.250.
ON the 4h chart the price turns back into a bearish scenario.
IF the market will break and close below the daily support we will set a nice short order according to Plancton's strategy.
–––––
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.