AUD/JPY Long ideaAUD / JPY clearly showed a rejection at 83,350 ares. Where the day candle closed. And the trend coincides that this pair needs to go up. So definitely our position for this pair will be long.
Audjpyidea
AUDJPY LongHi there,
AUDJPY is setting up for a breakout to go higher, target mentioned in wave number 5, only there we can top in to change the trend.
Watch smaller timeframes to add in longs
Good luck
AUDJPY - LONG - BUYHello everyone,
I am shorting AUDJPY but it formed Bullish Expanding Triangle so could go UP. On the graph u can see my entry. After it will touch 83.800 I am Buying with SL at 83.600 and TP at 84.400 it could go even higher till 84.800 maybe
AUDJPY - Too ObviousThis basic head and shoulders pattern after a huge impulsive move to the upside seems too obvious to be the catalyst for a trend change.
I would expect price to at least come up to test the previous high once again before it considers selling off.
AUDJPY – New Week Analysis – 5-Apr-21
📉 SELL ZONE – 83.393 to 84.893
🔷 Take Profit 1 - 84.193 (20 Pips)
🔷 Take Profit 2 - 83.893 (50 Pips)
🔷 Take Profit 3 - 83.393 (100 Pips)
⛔ Exit / SL - 85.393
There is potential for the price to move lower, its showing resistance for price reversal around 84.400 region, if this resistance holds then we can see the price bearish towards 83.400.
AudJpy- Forming an H&S?AudJpy was in a strong uptrend since the beginning of November, now the pair is confirming the up-trendline break and is looking to form ann H&S.
A strong correction can follow from this point and the pair could drop to 80 zone.
Interim support is at 82.
Possible AUDJPY trade1hr chart divergence.
might be pushed down by the resistance around 84.168
if the channel is broken there a possibility it will fall the 83.428 mark or further.
AUDJPY 1D TIMEFRAMEHello Traders, 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: My Sell OpportunitiesHere is my setup sell for this pair.
Like and comment below here. Glad to hear that.
Thank you
AUDJPYHello everyone, if you like the idea, do not forget to support with a like and follow.
DISCLAIMER
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AUD/JPY to continue its bullish momentum Hi Traders
AUD/JPY (H1 Timeframe)
A high probability, to go LONG formed @ 84.517 after the market found support @ 84.422, Only the downward break of 84.422 would cancel this bullish scenario.
Trade details:
Entry: 84.517
Stop loss: 84.422
Take profit 1: 84.959
Take profit 2: 85.295
Take profit 3: 85.843
Score: 10
Strategy: Bullish wave-LLTF
AUDJPY - Bears NearI am expecting a strong sell off on AUDJPY but It won't go without a fight. We could expect the price to push up into a lower time frame order block before reversing to the downside. This would wipe out the majority of the selling pressure from the area of interest.
AUDJPY 4HHad a fake breakout. It might test Daily resistance zone and reverse. Look for short opportunity once rejection is confirmed
AUD/JPY - JPY Correction SoonI expect JPY pairs to correct across the board soon, most of them are very oversold. On this pair RSI is very high even on weekly timeframe, same goes for CAD, EUR, and GBP to JPY. All these pairs are at resistance levels, GBP/JPY is actually surpassing the resistance level as well so that is further reason to see a pullback.
I am not entering shorts personally at the moment because the trend is going up very aggressively, this is just an update on where the move may go and where possible longs can be taken from. I expect all these pairs to retrace to at least 0.5 Fibonacci, they could possibly retrace further so the price needs to be monitored before entering trades if and when this happens.
I expected these to see a retrace sooner but they have clearly continued to shoot higher so considering the resistance level and RSI they are likely to correct very soon.
AUDJPY - LONGLong AUDJPY @ 83.23
TP: 85.00
SL: 82.90
Ive decided to go long AUDJPY as the Aussie has been better bid of late and there has been some nice consolidation around this level which will act as support for the trade (around 83.00 level) as well as fibbo support around this level too.
US dollar is very week at the moment and therefore AUDUSD should continue to grind higher taking AUDJPY with it. The reason I stay out of AUDUSD and go for AUDJPY instead is incase the US dollar rolls over and stats to rally. If this happens, USDJPY will go bid meaning that JPY weakens further thus giving AUDJPY another reason to breakout.
My stop is set just below the 83 level, just for some breathing room. I will need to see a sharp spike below or a daily close below this level before I decide to close out the trade.
Lets hear your thoughts below ...
Goodluck!
AUDJPY 5m demand setuup, final targets upwards of 86AUDJPY 5m demand setuup, final targets upwards of 86. close to over 50:1
