Aud/Jpy Short TradeHey Guys!
The Aud/Jpy's weekly bias at the current moment is short. Or in other words, price is likely to reach 87.30 before reaching 98.66.
In this post I explain the reasoning for the short bias, as well as how I plan to trade this setup.
That's it! I'll keep you guys updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
Audjpyanalysis
AUDJPY down under for AUD - Gosh I'm cornyAUD/JPY been forming a MAJOR Rising wedge over the last few months...
The reason why it's a Wedge and not a Pennant is because the formation has lasted longer than 2 months...
A Pennant is normally a very small version of a wedge (Under 1 month).
Now that the price broke below the Wedge means momentum is pushing down on the AUD.
Target 1 87.92
DeGRAM | AUDJPY major supportAUDJPY moved out of the ascending channel.
The market formed a consolidation and triangle pattern at a major support zone.
Price is testing the support level and has been rejected.
We expect a retest of the support level and a bullish move .
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AUD/JPY Multi-Timeframe & Order Flow AnalysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
AUDJPY ShortUnfortunately, I was stopped out from the previous analysis. I believe that I entered the position too early, thus being stopped out.
The price has formed another rising channel / flag, currently @ 94.0, which seems like a bullish trap. This might be the last attempt of the bulls trying to outperform the bearish . If the price completes the rising channel , I will enter the trade @93.5
I am anticipating the momentum will continue, then a rising channel will be formed thus a major indicator of a bearish momentum.
Entry @ 93.5 Sl @ 94.5 and target @ 89.5
My R:R is 1: 4
Remember, risk 1 - 2 % of the account.
Bearish (SHORT) AUDJPY
-Price is in an overall bearish trend
-Currently on the 4hr and lower TFs it appears that price is consolidating.
-Expecting price to form a candlestick reversal pattern and retrace to test the 50.0--61.8 fib level.
-Price also formed sort of a double top and broke below, a retracement to the previously stated levels, would also serve as test of the neckline.
-Once price make a retracement and respect the levels, I am expecting price to make another push to the downside, continuing the trend.
Please Like, Follow, Comment. What is your analysis?
AUDJPY ShortUnfortunately, I was stopped out from the previous analysis. I believe that I entered the position too early, thus being stopped out.
The price has formed another rising channel / flag, currently @ 94.0, which seems like a bullish trap. This might be the last attempt of the bulls trying to outperform the bearish. If the price completes the rising channel, I will enter the trade @93.5
I am anticipating the momentum will continue, then a rising channel will be formed thus a major indicator of a bearish momentum.
Entry @ 93.5 Sl @ 94.5 and target @ 89.5
My R:R is 1: 4
Remember, risk 1 - 2 % of the account.
AUDJPY - Long from bullish orderblock ✅Hello traders!
⁉️This is my analysis on AUDJPY.
Here we are in a bullish market structure from a higher timeframe perspective, so I am looking only for longs. I expect price to continue the retracement and if price fills the imbalanc below and rejects from bullish orderblock + institutional big figure 91.000 I will open a long position.
Pay attention on news about Cash Rate on AUD that will be announced on Tuesday. If we see an increase of rate, it means strong AUD, that will support our move.
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⭕️BUY AUDJPY; Its time to buy🤨❗🔰You can see the analysis of Australian dollar to Japanese yen in a 30-minute time frame (AUDJPY_ 30min)🔍💣
Due to the breaking of the Downward trend line🖤 by the price, if the price reaches the Support🧡, there is a possibility of the price rising to the SUPPLY zone🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
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Ace Trading Academy - AUDJPY Retest Trade Explained Now!Watch Video for an update on AUDJPY! All trading zones are explained and a potential retest trade is described with the Fibonacci tool.
Target Areas are also explained!
Ace Trading Academy
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AudJpy- Where to sell to join the new downtrend?Since 60 low at the start of the pandemic, AudJpy has risen more than 2 years to around 99 highs in mid-September.
However, the rise since March is a large rising wedge pattern that was a warning for reversal.
Last week the pair has broken both horizontal and trend line support of the pattern and made a low to 93 zone.
At this moment AudJpy is in a normal recovery and this rise can offer a good opportunity to join the new downtrend.
95-95.50 is my sell zone and I expect a new leg down to 91.
Only AudJpy above 97 would negate this bearish scenario
AUD/JPY Looking Good To Buy , Many Reasons To Long JPY PairsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDJPY - IS MARKET SENTMENT STILL SUPPORT TO THE AUDJPY ??#AUDJPY
AUDJPY is going down a bit due to MARKET RISK OFF in the previous days. But even now we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance.
Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. The dollar should continue to strengthen in this way. If MARKET RISK is ON, you can definitely BUY at 96.67 LEVEL. Currently, the market risk is off. But somehow it can go UP to 96.67 LEVEL before going DOWN. After that, AUDJPY may go down to 91.39 LEVEL.
To SELL AUDJPY, VIX must be UP and SNP500 must be DOWN. Further, the TREND LINE should be BREAK. And COMMODITIES should definitely be DOWN. We are waiting for the change in the above mentioned MARKETS.
If the dollar is strengthened by the FED, MARKETS RISK should be off. Then AUDJPY may become LONG TERM SELL after JPY STRONG. audjpy
AUD Pairs Analysis TodayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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AUDJPY possible buy zone!!AUDJPY
4h : the price has broken out local resistance which
turns support, long term trend is up
Daily : Pirce is in a strong bullish trend
Weekly : Market printed strong bullish engulfer in the past week
Monthly : long-term bullish trend
A buy trade is high probable on the retest of previous resistance as support after rejection