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Audjpyidea

AUD/JPY Technical Analysis.Currently, AUD/JPY is trading at 74.36. The pair is consolidating in the ascending triangle resistance and support wedges. Previously, the pair was trading in a down trend and after touching the support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 74.20, then it may start a new up trend and its target price will be at 76.24. If the price breaks the support level at 72.72, then it may start a new down trend and its target price will be at 70.92. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
AUDJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
AUD/JPY looking bullish asfHope you all enjoyed your 330 pips combined on my aussie trades last week!. Here is my outlook for what is next to come. So the bottom purple zone was resistance but has been absolutely rekt so now we look to come back down to retest it (confluence one), The two purple trend lines shows a wedge which has been broken so we also look to come back and retest this area (confluence two), The cyan trend line is actually a weekly trend line that goes all the way back to Feb 2018...This trend line I found to be the best fitting for 2 years worth of data it has been tried and tested multiple times in the past two years proving it to be valid although it doesn't look valid on the lower time frames, the fact that it has stood the test of time and we have now broken it (significantly) this week we look to come and retest it now because it's been around for so long it provides extra strength to my trade if it comes down to retest it and then close above it (confluence three). The fibs are being respected on the 61 level but we have the 78 just below which lines up great with our analysis (confluence four). I haven't included it because the chart looks a bit messy to me already but if we take a trend line from the most recent high and follow the trend down it creates a very tight descending wedge with the cyan trend line (confluence 5). The possibility of getting stopped out is always their so please trade at your own risk and this isn't financial advise, make sure you use proper risk management 1-3% especially on yen pairs as you can loose money very quickly with them. My bias will only change if we break the bottom purple trend line, retest it and close below it. Happy Sunday
Long
by XHRISTIE
AUDJPY: Remains Bullish until above 72AUDJPY has bounced from the critical support around 72 and the following factors show us upward continuation: 1. Higher highs & Higher Lows 2. Bullish Hidden under formation on 12H chart 3. Bullish Divergence coming in play on 4h chart Action Plan: Buy once it establishes support above 74.50 with the successful re-test, aiming for the first target at 77 followed by 80. GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
Long
by moneytize
6
AUD/JPY - 200EMA + Support Bounce Confluence Hello Traders!, Hope we've had a good start to the week! On to our mid-week analysis I've come across some AUD strength on 4H & D1 timeframe, so I've been searching for a set-up on the 1H timeframe and see confluence on the AUDJPY pair What Is The Market Telling Us? Market is showing bullish sentiment after 2nd rejection off 74.50 support level 50SMA shows bullish correction phase could be ending as it is sloping downwards (bullish signal) Price has repsected 200EMA as it has aligned with 74.50 support and shown strong rejection to the upside D1 Timeframe shows a clear break & retest of this 74.50 support, indicating further bullish momentum When Should We Enter? I'm anticipating some consolidation as the AUD is weak on smaller timeframes such as 1H & lower Waiting on a potential double bottom to form or a breakout of my consolidation area before looking for BUYS Look for BUYS once there is a confirmed double bottom or confirmation of a breakout of the consoldiation area
Long
by forexwithfred
AUDJPY *Analysis Update*1. Price to form a Daily bearish variation and pullback from current area 2. Price to find support at a previously broken Resistance or Previous support that lines up with 61.8 fib & near Monthly key level 3. Price to form a Daily Bullish Variation What I'm looking for on H1/M30 TF: 1. Price to break uptrend structure 2. Bearish structure until Price reaches previous Daily LH zone or Daily Support zone at 61.8 3. Break of bearish Structure, Retest with a Bullish Engulfing
Short
by Richie242