Audjpyidea
audjpyAUDJPY - SHORT
Why are we entering?
- Expecting JPY strength after a short correction period (See JPY index)
- We look to be in a parallel bear flag
What are we waiting for to happen?
- price to retrace back to the structure and one of the fib levels
- Waiting to draw WFB
What is our confirmation?
- Break of WFB trendline once created
- Rejection of structure and parallel correction resistance
Entry
Safe Entry: Rejection of structure and then WFB (once correction is clearer)
Risk Entry: Rejection of structure and fib level
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 81.6
- Second TP: 80.8
AUD/JPY: PRICE ACTION ANALYSIS| SHORT SETUP...Welcome back Traders, Investors, and Community!
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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
AUDJPY trading setupThis post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading
AUDJPY Scale in SellI'm looking to enter for a sell on a bearish push from level 79.500 towards Major Level 78.000.
Price is expected to fill in the imbalance created previously (Highlighted Yellow)
I would wait for the JPY banks to open tomorrow before entering as it is a bank holiday today.
Happy Trading!
AUDJPY - Bearish Bias to 80.50 (SHORT / SELL) early in the week Hi everyone,
According to the analysis, AUDJPY is in a correction phase and will likely visit 80.50 before continuation to 84.00.
SELL idea towards 80.50 .
Therefore, bearish bias in the beginning of the week, but once you see price rejecting 80.50 area, it's time to BUY!!
I'll post what it should look like once price rejects 80.50 area and resume the trend up.
Thanks,
Gaspar_Trader