AUDJPY Prediction H1Here is my view for AUDJPY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Audjpy1hr
AUDJPY Hrly short | Algo training** AUDJPY hrly short**
shortstop @ 82.087
TP #1 @ 81.748 80.85% wr
TP #2 @ 81.430 56.81% wr
SL @ swing high 83.378 14.89% hr
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AUDJPY H1 TIMEFRAME ANALYSIS BUYWe consider buying this AUDJPY pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
@audjpy @audjpylong @audjpyanalysis @audjpyforecast
AUDJPY TP AT 72.00HI, TRADERS
MY NAME IS KD,
TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :)
YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
HAPPY TRADING~
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AUDJPY 1hr Harmonic Butterfly Analysis and Strategy Looking at the 1 hr chart we see the completion of the butterfly pattern. Butterfly patterns are a good indicator of the end of a trend. Also, on the 1 hr chart the weekly support zone and bottom of the falling wedge is clearly visible and has since bounced off of it. These are all bullish indicators giving our strategy confirmation.
AUDJPY approaching profit target perfectly, prepare to sellSell below 82.94. Stop loss at 83.22. Take profit at 81.92.
Reason for the trading strategy (technically):
Price has bounced off our buy entry perfectly yesterday and has risen strongly towards our profit target. We prepare to sell below major resistance at 82.94 (Fibonacci retracement, horizontal resistance) for a push down to 81.92 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing strong resistance below the 93% where we expect a drop from soon.
AUDJPY bouncing perfectly, remain bullishBuy above 81.90. Stop loss at 81.67. Take profit at 82.90.
Reason for the trading strategy (technically):
Price has dropped perfectly to our buying area and bounced off perfectly. We remain bullish above major support at 81.90 (Fibonacci extension, horizontal swing low support, bullish divergence) and we expect a strong bounce above this level to at least 82.90 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing strong support above the 8% level and also sees bullish divergence vs price signalling that a bounce is impending.
Correlation analysis: We’re expecting overall JPY strength today across USDJPY and EURJPY, hence it is best to exercise caution on this trade.
AUDJPY approaching major support, prepare to buyBuy above 81.90. Stop loss at 81.67. Take profit at 82.53.
Reason for the trading strategy (technically):
Price is approaching major support at 81.90 (Fibonacci extension, horizontal swing low support, bullish divergence) and we expect a strong bounce above this level to at least 82.53 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above the 8% level and also sees bullish divergence vs price signalling that a bounce is impending.
Correlation analysis: We’re expecting general JPY weakness with USDJPY similarly expecting a bounce from key level.
AUDJPY approaching profit target, remain bearishSell below 83.83. Stop loss at 84.23. Take profit at 83.21.
Reason for the trading strategy (technically):
Price has continued to drop towards our profit target really nicely. We remain bearish below 83.83 resistance (Fibonacci retracement, pullback resistance, horizontal overlap resistance) for a further drop towards 83.21 support (Fibonacci retracement, horizontal swing low support).
Stochastic (89,5,3) is seeing good downside potential towards 4%.
AUDJPY dropping nicely from our selling area, remain bearishSell below 84.23. Stop loss at 84.64. Take profit at 83.27.
Reason for the trading strategy (technically):
Price has reached our selling area and is dropping nicely. We now remain bearish below major resistance at 84.23 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) and we expect price to react off this level and drop towards 83.27 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing major resistance below the 92% level where we expect a drop from.
Correlation analysis: We’re expecting overall JPY strength today with AUDJPY and EURJPY both expecting drops.
AUDJPY profit target reached perfectly, time to sellSell below 83.92. Stop loss at 84.51. Take profit at 82.43.
Reason for the trading strategy (technically):
Price has gapped up and reached our profit target perfectly this morning. We prepare to sell below 83.92 resistance (Fibonacci retracement, horizontal resistance, bearish divergence) for price to drop down towards 82.43 (Fibonacci retracement, horizontal pullback support, price gap) to fill up the gap that has been created.
Stochastic (55,5,3) is seeing strong resistance below 91% and also sees bearish divergence vs price signalling that a bearish reversal is impending.
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AUD/JPY dropped perfectly towards profit target, remain bearishSell below 85.75. Stop loss at 86.51. Take profit at 83.87.
Reason for the trading strategy (technically):
AUDJPY dropped absolutely perfectly once it reached our selling area and is close to our profit target. We remain bearish below 85.75 resistance (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) to play the continued drop to at least 83.87 support (Fibonacci extension, horizontal support).
Stochastic (55,5,3) has turned down from our 96% resistance level perfectly and has good downside potential
AUDJPY remain bullish above strong supportBuy above 86.17. Stop loss at 85.80. Take profit at 87.17.
Reason for the trading strategy (technically):
We remain bullish above 86.17 support (Fibonacci retracement, horizontal swing low support) where we expect a bounce from to at least 87.17 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (55,5,3) is seeing strong support above the 10% level where we hope to see a further bounce from.
AUDJPY testing major resistance, prepare to sellSell below 87.40. Stop loss at 87.71. Take profit at 86.67.
Reason for the trading strategy (technically):
Price is testing major resistance at 87.40 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect a reaction from this level for a drop towards 86.67 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing major resistance at the 96% level.
AUDJPY profit target reached, time to turn bearishSell below 86.68. Stop loss at 87.10. Take profit at 85.90.
Reason for the trading strategy (technically):
Price made a bounce and reached our profit target perfectly yesterday. We now prepare to turn bearish below 86.68 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) for a further drop to 85.90 support (Fibonacci retracement, horizontal overlap support).
RSI (34) is seeing descending resistance hold price down.
AUDJPY right on strong support, time to buyBuy above 85.88. Stop loss at 85.34. Take profit at 86.72.
Reason for the trading strategy (technically):
Price is now above major support at 85.88 (Fibonacci retracement, horizontal pullback support) and we expect to see a bounce from here to at least 86.72 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) is seeing strong support above the 32% level where we expect a bounce from.
AUDJPY profit target reached perfectly, prepare to turn bearishSell below 87.48. Stop loss at 87.80. Take profit at 86.39.
Reason for the trading strategy (technically):
Price bounced up perfectly and reached our profit target as expected. We now prepare to turn bearish below 87.48 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to 86.39 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement)>
Stochastic (21,5,3) is seeing strong resistance below the 97% level.
AUDJPY prepare to buy above major supportBuy above 86.34. Stop loss at 85.92. Take profit at 87.48.
Reason for the trading strategy (technically):
We prepare to turn bullish above major support at 86.34 (Fibonacci retracement, Fibonacci extension) for a push up to 87.48 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above our 6% level signalling a bounce is impending.
AUDJPY below strong resistance, turn bearishSell below 87.05. Stop loss at 87.56. Take profit at 86.076.
Reason for the trading strategy (technically):
We are bearish below 87.05 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to 86.07 support (Fibonacci retracement).
Stochastic (21,5,3) is seeing a nice reaction from the 95% level.
AUDJPY right above support, remain bullishBuy above 85.34. Stop loss at 84.97. Take profit at 86.08.
Reason for the trading strategy (technically):
We remain bullish above 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is bouncing nicely above strong support at 5.5%.
AUDJPY profit target reached, time to go bullishBuy above 85.34. Stop loss at 84.97. Take profit at 86.08.
Reason for the trading strategy (technically):
Price reached our profit target for the 4th time in a row. We turn bullish above 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is approaching strong support at 5.5%.
