AUDJPY: Dip buy offers better rewards?!AUDJPY
Intraday - We look to Buy at 91.50 (stop at 90.60)
Previous support located at 92.00. Previous resistance located at 93.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 91.50, resulting in improved risk/reward. A move through 93.00 will confirm the bullish momentum.
Our profit targets will be 93.50 and 94.00
Resistance: 93.00 / 93.50 / 94.00
Support: 92.00 / 91.50 / 91.00
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Audjpyanalysis
AudUsd to resume its uptrendAfter the high made on the 20th of March started to correct, this correction continued into May and on the 17th of May, we have a bottom and reversal.
Yesterday the pair has broken above an important confluence resistance and at this point, we can consider that the pair is resuming its long-term uptrend.
91 zone should provide support now and in this zone, traders should look for opportunities to buy.
94 is a decent profit target and negation comes if we have a break under support
AUDJPY LONGAUDJPY is moving in the Descending channel and the Market has reached the Lower high area of the channel. Also there is a breakout on the upper trend line on the H4. we expecting the pair to retest the key levels listed on the chart.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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AUD/JPY Finally Closed Above Our Res, Long Setup Valid, 200 PipsThis 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 and EURJPY top-down analysisHello 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.
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must.
- The AUD FEATURE was a bit BUY last week because the MARKETS continue to RISK ON. AUD FEATURE stands at 0.7098 LEVEL. JXY is currently down a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Price is below AUDJPY DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly MIXED RISK TONE. VIX INDEXES DOWN. Also COMMODITIES are now showing a NEUTRAL BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So stay tuned and maybe RISK ON on the NEWYORK SESSION in the market.
- You can go to 92.36 LEVEL before the AUDJPY PRICE is down. Then it can be sold at 86.09 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is DOWN. So wait until VOLATILITY GREEN and get AUDJPY SELL ENTRY after MARKET REAKOUT.
AUDJPY | New perspectiveWith a simple trading set-up identified in the 1-hour timeframe, I am going to recommend selling the Aussie this week. In this regard, a key level at the 90.000 area and the bearish trendline identified on the 1-H timeframe shall be our guide going into the new week as we continue to look for a reversal set-up to join the potential decline. shall be
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Shorting AUDJPYAfter the consolidation of AUDJPY within the 90.50 area, we are looking at shorting AUDJPY with an Exit Price of 91.20. It is worth mentioning that the target set for this trade is in the 100 - 120 pips range in our direction, you may want to consider taking profits along the way and partially closing so you can book your profits in.
The SL that we have incorporated to this trade is at 91.195
AUDJPY possible short analysisLooking to sell AUDJPY at the orderblock, 2nd mitigation type entry short, waiting for possible London or New York session to wipe Asian High tapping into the orderblock before continuing to downside. Possible FULL take profits (TP) levels just above local lows, with partials along the way.
AUDJPY: Will AUDJPY Confirm Its Bull Run?
AUDJPY is forming a contracting triangle.
Price had completed the (D) wave, and I have given the short-term selling targets of wave (E) of wave ((4)).
In my previous article, I have mentioned that "Wave (E) can complete between 0.618 to 0.786% Fibonacci levels.
That's why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave ( E)".
Price has reached all targets of wave (E).
Click Here to read the previous article:
The ending point of wave (E) is the starting point of an impulsive cycle.
Due to bearish sentiments, the price may touch the A-C trendline and start the bullish move.
Safe traders can enter after price make an excess on the lower band of the channel.
They can expect the following targets 82.565 - 83.850 - 84.185+.
Invalidation: Breakdown of the A-C trendline .
AUDJPY - WILL CONTINUE TO FOLLOW THE MARKET SENTIMENT ??- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must.
- The AUD FEATURE sold out a bit last week because the MARKETS continue to RISK OFF. The AUD FEATURE stands at 0.6920 LEVEL. JXY is currently down a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Price is below AUDJPY DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Monday.
- You can go to 90.10 LEVEL before the AUDJPY PRICE is down. Then you can UP to LEVEL 86.09. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is becoming UP. So wait until VOLATILITY RED and get the AUDJPY BUY ENTRY.