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Audjpyanalysis

AUDJPY ShortAUDJPY has had a big pull upwards and is looking to take out a monthly doji where liquidity is being held. We expect price to hit this point and reject; moving in the opposite direction. JPY has set a new low on the daily momentum meter, despite the monetary policy it released and the fundamentals surrounding JPY, it is due a pullback. AUD has been strong a while and set to lose some of that strength. We will be waiting to see a bearish daily candlestick that looks appealing and taking the trade upon pullback after that candlestick presents itself. R:R 1:13:2 GL.
Short
by Life_In_Forex
2
AUD/JPYOver the past week and during the calendar month of March, the Australian Dollar has been the strongest currency while the Japanese Yen has been the weakest. This currency cross is at the heart of the Forex market now. The Yen is weak as the Bank of Japan wants to bring inflation up to 2%, while the Australian Dollar is strong on improving global risk sentiment and a relatively buoyant commodities sector concerning Australian exports. Technically, the price has powered to a new 4-year high price, but bulls should be warned this currency cross can turn sour very quickly, especially if there is any surprising escalation in Ukraine.
Long
by SmoothJB
AJ Short tradeMarket has entered area of resistance plotted from the daily chart. Market on the 1hr has already entered that zone once and got pushed down. Market is currently in the area of resistance again, forming a possible double top. Currently my stoch oscillator is OB (this is the indicator I use for overbought and oversold situations), waiting for my MACD line to cross under the signal line, then looking for an entry reason. Just my analysis, trade with caution and use proper RR.
Short
by Sevsky0
AUDJPY | The best scenario for correction📝Hello traders , AUDJPY in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In this symbol, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5, As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally. But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable. ... Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this recent ascent is for Wave 5 of 5. Wave 5 of 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed. Wave a is currently an expanding leading triangle that is inside wave 5. To complete this, wave 5 must make a slightly higher upward move than the end of wave 3, and this move was confirmed when the trend line was broken upwards in the previous analysis. Now the ratio of waves 1 to 3 from a to 5 is equal to Fibo 1.00 for wave v and we expect correction. In the first stage of this correction, we consider the black channel floor and in the second stage, the orange channel floor. We still have the mentality that it is inside the 4 main wave, this wave is probably formed in the form of a triangle, and this decrease that we think will occur is related to the e wave of this triangle. If Fibo 1.00, ie the range of 85,500 is broken upwards, we should not insist on starting this correction. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by mahdisoltaninjad
4
AUDJPY | Perspective for the new weekThis is going to be a short one as the daily chart explains the interaction between the sellers and buyers in the last 10-months. With a simple supply and demand structure identified on the daily timeframe, I am of the opinion that we might be witnessing a short term downside for the Aussie in the coming week as the JY85.600 area reflects a strong memory for selling pressure (May and October 2021). Tendency: Downtrend (Bearish) Structure: Supply & Demand Observation: i. It is a wide range of consolidation phase since May 2021 as price oscillates within JY86.000 and JY78.400 (approximately 700pips in 10months) ii. Connecting a series of prices with a line drawn above pivot highs on the monthly chart shows the prevailing direction and speed of price in the last 8 years. iii. The supply zone appears to share a confluence with the bearish trendline identified on the monthly chart hence I shall be looking for a significant reversal structure to plan a selling opportunity in the coming week. iv. Key level at JY85 shall be my yardstick for sell continuation... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:6 Potential Duration: 7 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored... I shall be sharing a video of how I am going to take advantage of this trade if the price goes as planned on my new jou tube channel. Risk Disclaimer: 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.
Short
by darcsherry
Big Short Upcoming on AUDJPYAfter the long wait I'm back publishing my ideas on this great platform! For this trade we are relying mostly on price action as this pair is known for having a strong correlation to price action rather than indicators. After the massive Bull run of AUD, we can finally see the sellers coming in at around 85.427. This is a significant area of interest as the price has been largely rejected here before. I have also identified a Head and Shoulders pattern on the weekly time frame confirming a sell. I have my Stop loss and Take profit on the chart however I have already placed my Stop loss at break even to make the trade risk free. I expect a Sell to the support area of 81.877. *** THIS IS NOT FINANCIAL ADVICE ***
Short
by Rayyan_2805