Get started

Audjpyanalysis

AUDJPY Is Heading Higher To Complete Five-Wave SequenceAUDJPY decline from wave 3 high took the shape of Elliott Wave 3-3-5 sequence known as Flat Pattern. This pattern is a corrective pattern and it is in the position of wave 4 in AUDJPY's case. Both Wave 2 and 4 follow EW alternation guidelines. Wave 2 was a sharp and deep correction (retraced 78.6% of wave 1) and Wave 4 correction is a sideway and retraced 38.2 of 3 so far. If this count is correct, the price should head higher in wave 5 to complete the five-wave impulse sequence. Other confluence: Price is rejecting the H4 order block that is lined up with H4 200 EMA. What's your view on AUDJPY? Let me know in the comment.
Long
by Veejahbee
1
audjpyAUDJPY - SHORT Why are we entering? - Price broke the ascending trendline = bearish - Expecting further AUD weakness & JPY strength = AUDJPY SHORT What are we waiting for to happen? - price to retrace back to the structure and EMA - Waiting to draw WFB What is our confirmation? - Break of WFB trendline - Rejection of structure - Rejection of EMA Entry Safe Entry: Rejection of structure and EMA and then WFB break Risk Entry 1: Rejection of structure and EMA Once entered, where will our Stoploss be? - above the rejected price Where do we take profits? - First TP: 83 - Second TP: 81
Short
by Elrouby
The AUDJPY ahead of the RBACurrently the AUDJPY is set up in a wedge. Some would call this a bullish wedge as the highs are constant near the 86.00 level and the lows are higher. However, since this is a major resistance from the spike highs back in May 2021, we are just going to consider this as major resistance, especially with the RBA rate decision overnight. A move above the 86.00 level would be very bullish for the pair, but a break below the 84.70 level would hear calls for a longer term double top. Price action the 24hrs following the RBA decision will be key for the pair. 
by ForexAnalytix
AudJpy- Ready for 88After the correction from 85 to 77 strong support, AudJpy has resumed its up-trend, recovered losses, and is trading now just in the old local high zone. For 2 weeks now the pair is consolidating gains and is putting in a small continuation triangle on our daily chart (visible, of course also on small TFs) At this point, AudJpy looks ready for a break up and the target could be 88 strong resistance (visible on weekly and monthly) A drop under 84 would negate this scenario
Long
by Mihai_Iacob
10
AUDJPY SHORT (Mean Reversion)Confluences: 1: Stop loss hunt at previous high on weekly level plus a breakout. 2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair. Summary: Price is currently over extended and has been moving in a up trend for 2 almost weeks straight. We are looking for a potential stop hunt at the high of June where many retail stops may be sitting. We might see a further push to the upside at the new weeks open. There's is a potential for strong mean revision to take place allowing big players to hunt some stops and grab some liquidity before we see a continuation to the upside in a few weeks to come. This trade is expected run for the next 8-9 trading days or until the target is reached, whichever comes first. Always remember to Buy to the low and Sell the high. We will be looking for any entries early next week. Remember to always buy the low and sell the high.
Short
by NDOBObanks
AUD/JPY - SHORTAJ looking clean this morning, we had a 1,2,3 type ascending structure which wasn't the cleanest but the HVA (High Value Area) of the DT (Double Top) was enough for me to take this position. What confirmed entry? - HVA - Evening Star (Candle Formation) - DT - 1,2,3 structural approach can be seen, although not the cleanest - Clear target I think it's important to remember that we trade off price action, take into account how the evening star closed, there is no wick and it closed strong. Also it is important to do top-down analysis, on the Weekly or Daily you would be put off by the momentum, only when you drop down to the 1HR you can see the slow, corrective phase towards the highs. My entry is a little bit below the close of the evening start due to spreads. Have a great day all, I will update you on any other positions I take.
Short
by HarrisonForexx
1
AUDJPYHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions 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. AUDJPY with OB view Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profitSday guys
Short
by Bexi03
1