Heading into 61.8% Fibonacci resistance?AUD/JJPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 98.15
Why we like it:
There is an overlap resistance that lines up with the 61.8% Fibonacci retracement.
Stop loss: 98.70
Why we like it:
There is a pullback resistance level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 96.91
Why we like it:
There is a pullback support level.
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AUDJPY
Could we see some weakness in AUDJPY in the near term?Both currencies are currently on the weaker side against their major counterparts. Despite the RBA holding off from cutting, nor hiking rates, the AUD struggled to find strong grounds. Similarly for JPY, where the currency has been hit because of no significant action taken by the BoJ, it has been tough for the yen to find strength. Also, strong global stock market activity made safe-haven yen less attractive.
Given that MARKETSCOM:AUDJPY is seen as somewhat of a risk-on/risk-off monitor, we can see that the pair has been in “limbo” from around the end of August. From around the beginning of December, the pair started moving slightly upwards within a short-term rising channel formation. If we purely look at that structure, then we also examine the prevailing trend, which has been to the downside, meaning there is a greater chance for FX_IDC:AUDJPY to exit the channel through the lower side of it. However, until we see that exit, we can not assume the breakout will be lower.
At the time of writing, looking at our EMAs on our daily chart, we can see that the price action is below all of them, indicating possible weakness to come. The MACD is showing some weakness in the upside momentum, and the RSI remains below 50. These are technical indications of potential downside in the near term.
Nevertheless, we would prefer to wait for a clearance of the lower side of the aforementioned channel, before considering any downside movement.
For us to shift our attention to some higher areas, a break of the upper side of that rising channel may indicate bullish activity. If that happens, the rate would also be placed above all our EMAs, possibly attracting more bulls into the field.
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AUD/JPY Reversal: Targeting 102.000 from 96.900
AUD/JPY has recently shown signs of exhaustion at lower levels, signaling a potential reversal from the 96.900 level. Here’s a detailed breakdown of why this setup presents an attractive trading opportunity:
Technical Analysis:
Key Support Zone:
The 96.900 level has proven to be a significant support area historically, as seen from previous price reactions. The pair has bounced strongly from this region multiple times, indicating the presence of strong buying interest.
Bollinger Bands:
The price is approaching the lower Bollinger Band on the daily timeframe, which often serves as a dynamic support level. This suggests a high likelihood of mean reversion toward the midline or upper band.
Fibonacci Levels:
Applying Fibonacci retracement from the recent swing low to the swing high reveals that 96.900 aligns closely with the 38.2% retracement level. This confluence strengthens the case for a reversal.
Trendline Analysis:
A rising trendline drawn from the March 2023 low intersects near 96.900. The trendline has been respected multiple times, indicating its significance.
Divergence on RSI:
On the 4-hour and daily charts, the RSI is showing bullish divergence, with the oscillator forming higher lows while the price forms lower lows. This often precedes a reversal in price.
Volume Profile:
A noticeable increase in volume near the 96.900 region suggests accumulation by institutional players, further reinforcing the support level's validity.
Fundamental Drivers:
Risk Sentiment:
The Australian Dollar, being a commodity-linked currency, is often influenced by global risk appetite. Any improvements in risk sentiment could boost AUD demand.
Japan's Monetary Policy:
The Bank of Japan’s commitment to its ultra-loose monetary policy may continue to pressure the Yen. This divergence in monetary policies between the RBA and BoJ supports a bullish bias for AUD/JPY.
Economic Indicators:
Strong economic data from Australia, particularly in the employment and commodity sectors, could act as a catalyst for further upside.
Target and Risk Management:
Entry Point:
Look for long positions near 96.900, ideally after a bullish confirmation (e.g., a pin bar or engulfing candle on the daily timeframe).
Take-Profit Levels:
First target: 98.500 (psychological level and minor resistance).
Final target: 102.000 (major resistance zone from previous highs).
Stop-Loss Placement:
A tight stop-loss below 96.400 ensures limited downside risk while providing an excellent risk-to-reward ratio.
Conclusion:
AUD/JPY is presenting a high-probability reversal opportunity from the 96.900 support zone. Both technical and fundamental factors align, making this trade idea particularly compelling. Monitor price action closely for confirmation before entering.
AUD/JPY: Bearish Reversal in Play, A Long Downtrend Awaits?Hey Realistic Traders, OANDA:AUDJPY has no chance for a Bullish Outlook? Let's dive into the analysis...
After a prolonged consolidation phase, the Aussie Yen has once again traded below the EMA-200 line, forming a new lower high along the way. This bearish signal marked the beginning of a continued downward movement, which was further confirmed by a breakout from a rising wedge pattern. Such breakouts typically indicate strong bearish momentum, especially when accompanied by multiple bearish marubozu candlesticks.
Further strengthening this outlook, a falling wedge breakout occurred on the JPYBASKET, signaling a continuation of its prevailing bullish trend. This divergence between Aussie Yen and JPYBASKET adds weight to our bearish analysis.
Considering these strong technical signals, the price is likely to move downward toward the first target at 94.651 or potentially the second target at 93.716.
However, this bearish scenario depends on the price staying below the critical stop-loss level at 98.478.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Aussie Yen".
AUDJPY: Bullish Continuation is Highly Probable! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy AUDJPY.
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AUD/JPY Trendline Breakout Play!Hey traders, I’m sharing a live trade I’ve just entered on the AUD/JPY pair. Let’s dive into the details, step by step, so you can see exactly why I took this trade and how I’m managing it. 🔥
First, take a look at this beautiful uptrend line I’ve drawn. The price has been respecting this line perfectly, forming higher highs and higher lows, which shows us that the bulls are still in control. 🐂
Right now, the price has bounced off this trendline, and that’s where I entered Long at 98.448.
Why did I take this trade?
1️⃣ Trendline Support: The price bounced from a key support zone.
2️⃣ RSI Confirmation: The RSI is above 50, showing bullish momentum.
3️⃣ Clear Risk/Reward: This setup offers a solid risk-to-reward ratio, which is always part of my trading plan.
Here’s the full breakdown:
Entry Point: 98.448
Stop-Loss (SL): 97.976 (just below the trendline and the last swing low).
Take Profit (TP): 98.870 (a key resistance zone and a logical target for this move).
Risk-to-Reward Ratio: ~1:2
If the price hits my TP, it’s a solid win! If it hits my SL, I’ve kept the loss manageable, as always. 💼
So now it’s a waiting game, but I’m confident in this setup. What do you think? Will the price reach my target? Let me know your thoughts in the comments below, and don’t forget to like and subscribe for more live trades and market insights! 🙌
Disclaimer
This content is for educational purposes only and should not be considered financial advice. Trading involves risk, and you can lose more than your initial investment. Always do your own research and consult a professional before trading.
AUDJPY Buyers In Panic! SELL!
My dear friends,
AUDJPY looks like it will make a good move, and here are the details:
The market is trading on 98.841 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 98.129
Recommended Stop Loss - 99.245
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
Bearish drop?AUD/JPY is rising towards the pivot and could drop to the 1st support.
Pivot: 99.58
1st Support: 98.49
1st Resistance: 100.18
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off pullback resistance?AUD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 98.53
Why we like it:
There is a pullback resistance level.
Stop loss: 98.90
Why we like it:
There is a pullback resistance level.
Take profit: 97.854
Why we like it:
There is an overlap support level that is slightly above the 61.8% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDJPY Next Move ShortGo through the analysis carefully and do trade accordingly.
RWG 'BIAS for next week (3-1-2025)
Current price: 97.80
"Price seems accumulating for a while,possible scenario to push lower clearing available liquidity before any big move".
"Possible expansion to 97.90 levels,then big displacement to the downside."
Disclaimer: Methods shown are
combination of time and price theory by W.D Gann combined with ICT strategy & other .If my analysis doesnt make sense for some of you feel free to skip ahead,This is a personal strategy developed after years of back-testing making the highest win-rate with high risk-to-reward.
Best of luck
Never risk more than 1% of principal to follow any position.
Support us by liking and sharing the post.
Could the price drop from here?AUD/JPY is reacting off the pivot and could drop to the 1st support.
Pivot: 97.53
1st Support: 96.43
1st Resistance: 98.74
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?AUD/JPY has reacted off the resistance level which is a pullback resistance which lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 97.62
Why we like it:
There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 98.69
Why we like it:
There is a pullback resistance level.
Take profit: 96.13
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUD/JPY "Aussie vs Japanese" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the AUD/JPY "Aussie vs Japanese" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 101.000
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Fundamental Outlook 📰 Economic Factors:
Australia's Economic Resilience: Despite slowing growth, Australia's economy has shown resilience, with a strong labor market and steady consumer spending.
Japan's Economic Challenges: Japan's economy faces challenges, including an aging population, low birth rates, and stagnant productivity growth.
Interest Rate Differential: The interest rate differential between Australia and Japan remains significant, with Australian interest rates higher than Japanese rates. This could attract investors seeking higher returns.
Sentiment Analysis:
Risk Appetite: A rise in risk appetite among investors could lead to a shift towards higher-yielding currencies like the AUD.
Yen Weakness: The Japanese yen has been weakening due to the BoJ's dovish stance, which could support the AUD/JPY pair.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
AUD/JPY "Aussie vs Japanese" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the AUD/JPY "Aussie vs Japanese" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 99.500
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Bearish drop?AUD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 98.64
Why we like it:
There is a pullback resistance level.
Stop loss: 99.83
Why we like it:
There is a pullback resistance level that aligns with the 161.8% Fibonacci extension.
Take profit: 97.18
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDJPY potential Buy-to-Sell setupHere at Burnt Candle, we are Bearish for the long haul, however, we might still see price pushing up to our sell area of interest. In the meantime, we would also like to take advantage of the push to the upside if it reaches our buy area of interest.
Remember, clear charts better vision.
Bearisdh drop off pullback resistance?AUD/JPY is reacting off the pivot which is a pullback resisstance and could drop to the 1st support level which acts as a pullback support.
Pivot: 98.24
1st Support: 96.57
1st Resistance: 99.38
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.