after a very strong uptrend price has been pulling back in an downward channel. a break and close above resistance would likely see the trend continue upward.
This is a combined chart using the Futures contract for the Aussie and the Yen This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and...
AUDJPY - 24h expiry The move lower is mixed and volatile, common in corrective sequences. The previous low is located at 95.80. The current move lower is expected to continue. A move through 95.80 will confirm the bearish momentum. Short term RSI has turned negative. We look to Sell a break of 95.77 (stop at 96.27) Our profit targets will be 94.57 and...
AUDJPY got rejected this week just before hitting Resistance A that is the High of September 13th 2022. Any rebound is a strong sell opportunity now as even the 1day RSI crossed under the MA level after becoming the most overbought its been since March 2022. The September 2022 peak got rejected back to its Fibonacci 0.618 level. Sell and target the new...
Hey Traders, in today's trading session we are monitoring AUDJPY for a buying opportunity around 95.750 zone, AUDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 95.750 zone. Trade safe, Joe.
AUDJPY - 24h expiry Previous support located at 96.50. Previous resistance located at 97.00. There is no clear indication that the upward move is coming to an end. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 96.00 (stop at 95.50) Our profit targets will be 97.20 and 97.45 Resistance: 97.00...
SLO2 @ 94.15 ⏳ SLO1 @ 93.60 ⏳ SSO @ 93.00 ⏳ TP1 @ 89.15 (shaving 25%) TP2 @ 82.00 (shaving 25%) TP3 @ 77.33 (shaving 25%) TP4 @ 73.25 (shaving 25%) TP5 @ 69.00 (closing ALL Buy Orders) BLO1 @ 67.00 ⏳ BLO2 @ 62.15 ⏳
The AUDJPY pair has been trading within a Channel Down pattern since the October 21 2022 High. Supported by the 1D MA50 (blue trend-line), it not only entered yesterday the Resistance Zone of December 13, but also reached the top (Lower Highs trend-line) of the Channel Down. This is a Double Sell signal and as long as candles close below it, we will be selling...
Hey Traders, in the coming week we are monitoring AUDJPY for a buying opportunity around 91.700 zone, AUDJPY was trading in a downtrend and successfully managed to break it out. Currently AUDJPY is in a correction phase in which it is approaching the retrace zone at 91.700 support zone. Fundamentally with current inflation issues in Australia further rate hikes...
AUDJPY - Intraday Previous support is located at 91.50. Previous resistance located at 92.00. The trend of lower intraday highs at 92.00 needs to be broken to confirm a reversal. Risk/Reward would be poor to call a buy from current levels. The RSI is trending higher. We look to Buy at 91.25 (stop at 90.90) Our profit targets will be 92.15 and 92.25...
AUDJPY has now had two rejections in less than a week on the 1D MA200, which is also at the top of the six month Channel Down pattern. The 1D technicals have already turned neutral (RSI = 50.136, MACD = 0.500, ADX = 19.362), the 1D RSI has been trading sideways inside a Rectangle while the price was on HH/ HL, which indicates a Bearish Divergence and the...
Wait price rich to buy zone and open LONG position on AUD/JPY pair
I posted about AUDJPY before and I’m a show in this chart because it has been performing expected. Currently it seems that it is having a retracement and may try to break above the resistance level/ double top that it created. However, it is not clear that it will keep the clean structure that he has right now. Manage risk is a top priority I will keep updating....
Today we say the break above the downtrend trendline, and this is after the uptrend trendline has been respected. HH and HL pattern validates an uptrend and we should continue the price journey north. A little pullback is healthy, and this is where we'll go for our long position.
AUDJPY - 24h expiry The downward trending resistance line at 91.30 should provide the ideal target and fade level as medium term bears build positions into the current strength. Previous support level of 90.50 broken. The trend of higher intraday lows has also been broken. Further downside is expected. Risk/Reward would be poor to call a sell from current...
Hey Traders, in the coming week we are monitoring AUDJPY for a selling opportunity around 92 zone, AUDJPY is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 92 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 89.800 zone, AUDJPY is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 89.800 Resistance zone. Trade safe, Joe.
AUDJPY - 24h expiry - Previous support located at 90.50. Previous resistance located at 91.00. There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels....