AUDJPY H4 AnalysisPrice has been bullish for the last 6 six days and broke through a supply zone and found rejection around 84.40.
If price falls below Daily Supply zone there could a lot of sellers coming in the market to push price down.
Still bullish on rsi . Need to get a strong bearish candle printed to confirm trend change. Aussie has been very bullish on this pair .
will see if price can reach up to 84.40 again for a retest. I'm overall looking to go short when the moment presents itself on H4.
Audjpyforecast
AUDJPY H1 TIMEFRAME ANALYSIS BUYWe consider buying this AUDJPY pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
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AUDJPY Weekly Bullish ScenarioOverall market structure in the higher timeframe is uptrend!
Currently, the price is around the weekly demand zone at 0.618 Fib!
On a daily timeframe, an indecision candle was printed as an initial indication of trend reversal!
We might have a chance to witness bullish moves on this pair around next week!
AUDJPY ANALYSISWe have this pair rejecting its previous support which has now turned to a resistance level on H4.
We see price closing up tightly and squeezing in, trying to find a breakout somewhere and move with momentum.
It would be nice see to a break above the level and a pullback to lock us in for longs. Targets would be a new high along the trend.
AUDJPY, 4hr tf, sell the end of wave-(iv)After going down for 285 pips from 84.20 to 81.35, today we saw some retracement for AUDJPY.
For me, i still think AUDJPY is bearish and we might see another drop soon.
Price might only retrace to complete wave-(iv). Right now we're at 38.2% fibonacci retracement.
Sell AUDJPY 82.45
Stop loss 82.85
Take profit 81.00 (3.6R)
Use only 1-2% risk
Good luck