AUDJPY sideways-- bearish outlookAUDJPY simple price action analysis. AUDJPY is currently moving sideways, very bearish hourly, 4H and daily chart. Let's make some pips..
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vinny
Audjpydaily
AUDJPY Right On Major Resistance, Time To SellAUDJPY is testing major resistance and looks poised to drop strongly!
Sell below 83.35. Stop loss at 84.02. Take profit at 82.25.
Reason for the trading strategy (technically):
Price is testing major resistance at 83.35 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, bearish divergence, descending resistance) and a strong reaction from here would push prices down to major support at 82.25 (Fibonacci retracement, horizontal swing low support, Fibonacci extension).
Stochastic (55,5,3) sees major resistance below 96% where a corresponding reaction could occur. We are also seeing bearish divergence vs price signalling that a reversal is impending.
AUD/JPY Trade PlanIt seems AUD/JPY moving around it's Bullish Channel support price @ 83.329.
There are two chances for breakout.
1. AUD is already in strong area. So from todays USD news it might get more stronger to move bullish to hit the price 83.991 price.
2. If USD will stronger it might chances of small time bearish trend about 30-40 pips.
AUDJPY Has Made A Bullish Exit, Time To Start Buying
AUDJPY has broken key resistance levels triggering a bullish exit from here. Good opportunity to start buying.
Buy above 81.46. Stop loss at 80.94. Take profit at 82.49.
Reason for the trading strategy (technically):
Price has broken out of key descending and horizontal resistance triggering a rally above 81.46 support (Fibonacci retracement, horizontal overlap support, breakout level) to push prices up to at least 82.49 resistance (Fibonacci retracement, horizontal swing high resistance). We have to be cautious about intermediate resistance at 82.09 (Fibonacci retracement, horizontal swing high resistance).
RSI (89) has made a similar bullish exit signalling that we’ll likely see a strong bullish acceleration from here.
AUDJPY Has Bounced Perfectly, Remain BullishAUDUSD touched our buy entry and bounced perfectly, we will remain bullish for a further rise.
Buy above 81.47. Stop loss at 80.75. Take profit at 83.31.
Reason for the trading strategy (technically):
Price touched our buying entry and bounced absolutely perfectly as expected. We remain bullish above 81.47 support (Fibonacci extension, major horizontal swing low support) for a bounce up to 83.31 (Fibonacci retracement, horizontal overlap resistance). We do have to be caution of intermediate resistance at 82.56.
Stochastic (34,5,3) is seeing major support above 6% where a corresponding bounce could occur.
AUDJPY plunged perfectly to profit target, prepare for a bounceAUDJPY has reached our profit target and is poised for a bounce.
Buy above 81.47. Stop loss at 80.75. Take profit at 83.31.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above 81.47 support (Fibonacci extension, major horizontal swing low support) for a bounce up to 83.31 (Fibonacci retracement, horizontal overlap resistance). We do have to be caution of intermediate resistance at 82.56.
Stochastic (34,5,3) is seeing major support above 6% where a corresponding bounce could occur.
AUDJPY prepare to sell on break of major supportAUDJPY has broke our intermediate support but still has to break a big support level to open a bearish move.
Sell below 83.30. Stop loss at 84.06. Take profit at 81.58.
Reason for the trading strategy (technically):
Price has made a bearish exit of our ascending support-turned-resistance line and still has one major resistance to break to open a big bearish drop. We look to sell on the break of 83.30 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a drop all the way to 81.58 support (Fibonacci extension, horizontal swing low support).
RSI (34) has made a similar bearish exit signalling that a drop could also be on the horizon.
AUDJPY testing strong resistance, prepare to sellAUDJPY is seeing multiple strong resistances giving us a good opportunity to sell.
Sell below 83.30. Stop loss at 84.27. Take profit at 81.58.
Reason for the trading strategy (technically):
Price is testing major resistance at 83.30 (Multiple Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at this level to push price down to 81.58 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is also seeing major resistance below 88-95% resistance where a corresponding drop could occur.
AUDJPY approaching major resistance, potential drop!AUDJPY is approaching strong resistance at 83.31 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to major support at 81.56 (Fibonacci extension, horizontal swing low support). We do have to be cautious about our intermediate support at 82.12 (Fibonacci retracement, horizontal overlap support) as that level needs to be broken to open a further move down.
Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
2 GREAT POSSIBLE TRADES ON AUDJPY DAILY CHART!Hello traders again,i am very happy of your positive feedback..
My intentions are to help and share and of course earn money,so when throught your feedback and comments i realize that i am succeeding in those targets i am really happy.
Now let's see the two very promising upcoming trades on AUDJPY pair.
FUNDAMENTALS
1.The AUD/JPY recover is under threat once again, as Gary Cohn signals abandoning his post in the White House.
2.RBA governor Lowe provided nothing new for Aussie traders, leaving the AUD twisting in the wind.
The AUD/JPY pair recovered in Tuesday trading but is under threat again, dropping into the 82.50 handle as of writing on risk-shriveling news that Trump is losing yet another high-powered advisor.
Risk appetite showed up in full force during Tuesday's London session, driving risk assets higher and dragging the Aussie higher against the USD and the safe haven Yen. Market sentiment cooled slightly through New York but remained on-balance with equities flat and bond yields down slightly. The Aussie was unmoved heading into the overnight session following a continued dovish tone from Reserve Bank of Australia (RBA) governor Philip Lowe, whose speech did little but confirm what markets already knew: the RBA will be standing pat on rates for some time as the Australian economy continues to lag.
The Yen is gaining ground ahead of the Tokyo markets, with market fears returning on the news that another key Trump ally is departing the White House staff. Gary Cohn, Trump's top economic advisor, is resigning from his post. Mr. Cohn has given no clear reason for leaving, stating that there is no one particular reason for his departure. Cohn's bowing out of Trump's circle comes at a crucial time, with Trump threatening stiff tariffs on steel and aluminum imports last week.
TECHNICALS
1.Price is above the 200EMA which shows that we are still in a bearish market.
2.Trend line well respected by price action broke and we are witnessing this sell off.
3.Price broke to the downside the ichimoku clouds confirming the bearish market.
4.As we can see at the chart price found resistance to previous resistance zone created by price action.
5.This major level of support coincides with the golden level of 61.8% Fib level.
6.RSI at oversold zone indicating that we might have a strong pullback to the upside.
7.Price had a small bounce from this level as we can see and with some bulish confirmation we might have a strong pullback to test the broken trend line which coincides perfectly with the 61.8% Fib level of the last descening impulsive move and the Ichimoku clouds resistance!(LONG COUNTER-TRADE)
8.If we copy the AB trend line we can project our targets (CD) after price re-test the broken black trend line which give us a nice short target to a deeper retracement of 78.6% Fib as we can see at the chart and creating simualtenuasly an ABCD pattern!(SHORT TREND TRADE)
POSSIBLE TRADES
LONG COUNTER-TRADE
ENTRY AT 81.950
SL AT 80.950
TP 86.250
SHORT TREND TRADE
ENTRY AT 86.300 LEVEL
BUY STOP AT 87.600
TP AT 79.250
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!!
HAPPY TO ANSWER ALL OF YOUR QUESTIONS!
LEAVE A COMMENT OR SHARE YOUR OPINION!
AUDJPY testing strong support, prepare for a bounceBuy above 84.57. Stop loss at 83.63. Take profit at 86.58.
Reason for the trading strategy (technically):
Price is now testing major support at 84.57 (Multiple Fibonacci retracement, horizontal swing low support, Fibonacci extension, Elliott wave structure) and a strong bounce could occur at this level to push price up to at least 86.58 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 6.1% where a corresponding bounce could occur.
AUDJPY testing major support, prepare for a bounceBuy above 84.57. Stop loss at 83.63. Take profit at 86.58.
Reason for the trading strategy (technically):
Price is now testing major support at 84.57 (Fibonacci retracement, Fibonacci extension, Impulsive Elliott wave structure) and we expect a bounce from here to push price up to at least 86.58 resistance (50% Fibonacci retracement, horizontal overlap resistance, corrective Elliott wave structure).
Stochastic (34,5,3) is seeing major support above 6.1% where a corresponding bounce could occur.
AUD/JPY Sell OpportunityHere is the chart shows AUD/JPY Retrace back to their bearish positions. Now this is the right chance to sell until price @85.026
AUDJPY approaching major resistance, prepare for a drop!Sell below 88.41. Stop loss at 88.76. Take profit at 87.49.
Reason for the trading strategy (technically):
Price is approaching major resistance at 88.41 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect a strong reaction off this level to push price down towards 87.49 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 97% where a corresponding reaction could occur.
AUDJPY profit target reached for the 4th time, prepare for dropSell below 88.18. Stop loss at 88.41. Take profit at 87.73.
Reason for the trading strategy (technically):
Price dropped from our selling area perfectly and reached our profit target once again. We now see price testing our intermediate descending resistance line and we look to sell below resistance at 88.18 (Fibonacci retracement, descending resistance, horizontal swing high resistance) for a further push down to test 87.73 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support) once again.
RSI (34) sees multiple descending resistance line holding price down really well.
AUDJPY profit target reached again, prepare to sellSell below 88.40. Stop loss at 88.66. Take profit at 87.91.
Reason for the trading strategy (technically):
Price rose to our selling area and reacted off it perfectly to drop right to our profit target once again. We look to once again sell on major resistance at 88.40 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a drop to at least 87.91 (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance below 96% where a corresponding drop could occur
AUDJPY profit target reached once again perfectly, sellSell below 89.18. Stop loss at 89.43. Take profit at 88.68.
Reason for the trading strategy (technically):
Price has bounced perfectly from our buying level and reached our profit target once again. We prepare to sell from 89.18 major resistance (Fibonacci extension, above major swing high resistance) for a reaction off this level to push price down to at least 88.68 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance at 98% where we expect a strong corresponding reaction from.
AUDJPY dropped perfectly as forecasted, prepare for a bounce Price has dropped absolutely perfectly as forecasted and has reached our major support level. A strong bounce could occur at this major support level 88.43 (Fibonacci retracement, horizontal overlap support) which could drive price up towards 89.03 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 2.6% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDJPY profit target reached perfectly, prepare for a bounceBuy above 88.37. Stop loss at 88.11. Take profit at 89.01.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and reached our profit target perfectly. We look to buy above major support at 88.37 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 89.01 resistance (Fibonacci extension, horizontal swing high resistance) once again.
Stochastic (34,5,3) is seeing support above 4.5% and 10% where we expect a corresponding bounce.
AUDJPY experiencing major resistance, potential upcoming drop!Price is now testing major resistance at 89.00 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and a potential major reversal could occur at this level to push price down towards 88.43 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDJPY testing major resistance, prepare for a dropSell below 88.98. Stop loss at 89.22. Take profit at 88.41.
Reason for the trading strategy (technically)
Price is testing major resistance at 88.98 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and we expect to see a strong reaction off this level to push price down towards 88.41 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 96% where further bearish momentum is expected.
AUDJPY dropped perfectly, remain bearish for a further dropSell below 88.43. Stop loss at 88.70. Take profit at 87.24.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area yesterday before bouncing above our ascending support line. This ascending support line would need to be broken to trigger a strong bearish move down. We still remain bearish looking to sell below major resistance at 88.43 (61.8% Fibonacci retracement, Elliott wave corrective structure) for a drop towards 87.24 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees major descending resistance line acting as resistance to push price down from here.
