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Aud-jpy

AUDJPY 4hour Analysis August 30th, 2020AUDJPY Long idea Overall we are very bullish on AUDJPY and we are going to continue looking for long opportunities. Where current price action is we can not make a high probability trade. Ideally we want to see structure form, look for a retracement to either the 38.2% or 61.8% fib level with a confirmed higher low. Look to enter on strong bullish setups confirming a continuation to the upside. Target toward the prior high and key fib levels.
Long
by ForexLeague
AUDJPY- EW BREAKDOWNSo price broke out of the triangle finally and is now in 5th and final bull wave, of course we could always seen an extended wave but I'll cross bridge if it happens. Once price reaches 79.9XX area that is where we could see a major reversal, for one that area would be 1.618 of Wave 4 and also it is the .618 Fib Level of the September 2017 Swing High, so it should be major resistance. If you are not longing this pair there may still be a chance to get in if there is a nice retracement but otherwise hold up and prepare to short the ABC pattern. Check out chart and my other ideas to. Good luck!
by TheAlaskanTrader
2
AUDJPY breaking a weekly resistance 🦐AYDJPY after the retracement on the weekly structure around 73.200 area started a new bullish move. Market hit the previous recent high around 76.600 and got rejected twice starting a range between the daily support and the weekly resistance. Currently the market seem to push the price for a break and is the candle will close above we can look for a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
11