Audjpy-short
A matter of bounce AUD/JPYThe trend ended up in a very tight corner. The price moved down to the support, and instead of going up and going to form a symmetrical triangle formation, it decided to suicide by dropping below the support line. Now is a matter of how many bounces is going to have during its descent.
AUDJPY SHORTAnother short opportunity, very similar set up to our NZDJPY trade, same overall down trend on the higher TF's and a small corrective up trend on the 4hr and daily TF's, after breaking the support phase line of the smaller up trend we had another CBO style entry with a solid retest and rejection of the 50 EMA, markets now continuing to reject and fall to the downside. More than likely being gravitated towards the lower support level on higher time frames where there is most likely a high level of limit orders and liquidity waiting to be snatched up by the market.
AUD/JPY Strong Bearish Movement Coming by ThinkingAntsOk4H CHART EXPLANATION:
Price has broke the Daily Ascending Channel, and now we are waiting for a retest of the Resistance Zone and then a rejection to confirm the direction. After that, will look for a lower timeframe setup to get involved on this pair.
DAILY CHART ANALYSIS:
AUDJPY Short Trade IdeaHi all, I'll be looking to short AUDJPY once it reaches my orange trend-line. I'll be using a tight SL on this one in case price breaks out of the current tunnel. TP's are shown as green trend-lines. I will also keep an eye out for a reversal especially around my 2nd TP.
Always remember to use proper risk management.
Enjoy!
AUDJPY DAILY 10/28/19AUDJPY Short Idea
AJ still has a lot to prove at the current zone to confirm our short idea, however, everything I typically look for is lining up nicely
We have a major resistance at the current level and again at 75.000, I’ll be looking for higher timeframe bearish variations for me to gain reason to start dropping timeframes with intent to enter a sell.
Ideally a nice wick of the 78.6% fib level and Monthly resistance level would a great indication of a potential reversal from this level
Look to target toward the weekly support around 70.00 as well as the -27% fib level around 69.76
AUDJPY - DOUBLE TOP? or TREND REVERSAL??$ can go in either 2 ways it can break the resistance its at. Or it can create an "M" formation (double top) and drop down. Wait for confirmation, and make the move but overall, $ has not dropped below the monthly support (71.103) since 2008, although $ has came down to the support it only touched it and revered its trend. (71.103) has been a strong support for a while now. I believe $ will make its way to the monthly resistance (81.388). I say this is a buy.
AUDJPY 26/09/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
BITCOIN SIGN - MONEY POCKET
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS
BLUE LINES - ENTRIES WITH SM
MARKED LINES - POTENCIAL ENTRY POINT
BOX - GAP's
GOD BLESS U ALL!
Sellers primed to continue the AUDJPY trend lower
The AUDJPY has been on the hunt for support for a while now and we see the potential for sellers to continue to march to our BidZone around 58.000. This would mean the pair has fully extended the first leg down off the highs around 104.000 which is when we expect a reaction from the the buyers to put the squeeze on the sellers built up on the way down. The chart is of the weekly trend which is well and truly entrenched so best to look to the lower timeframes for refined entries with defined risk.
AUD/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair AUD/JPY.
Lets start with the Top Down Analysis.
Monthly: Monthly is in a very strong downtrend.
Weekly: We see on the weekly timeframe a powerful bearish momentum too.
Daily: We can recognize on daily a pullback to the upside.
H4: On the h4 timeframe we draw the counter trendline and expect a push to the downside.
Have a nice day.
AUDJPY - THE TREND IS YOUR FRIEND (AUDJPY)Hello friends.
For some time now, AUDJPY has been downtrending after finding it's place under the .236 speedfan resistance. Now, a short term rally may provide us with an opportunity to cash in on this trend once again.
Now, this trade IDEALLY would have been taken at the 62% retrace - 88~
Already, we have touched the 127% extension. I believe this rally is a result of grinding against the fib circle shown on the chart.
This trend is strong, so I see no reason why the 162% extension can't be our new target. At least, I expect a retest of the 127% extension.
A good entry would perhaps be a retest of the 0 line of the impulse wave - 76.
Stop loss would be a breakout of the .236 resistance. Careful here, we could see a pop to the top of the channel. This trade isn't beautiful, but with a 3.13 RRR I think we can take it just fine.
Smaller positions will do well here.
Good luck traders.
AUD/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair AUD/JPY.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is very bearish. The last weeks have been very strong in the direction to the downside.
Weekly: Weekly is very bearish too.
Daily: On the daily timeframe we see that the trend is to the downside and right now there is a little consolidation.
H4: We draw the counter trendline and resistance area on the h4 timeframe.
Have a nice day.