Audjpyidea
AUDJPY LONG! Price currently trapped at Buy-Zone Daily Charts Upside targets marked for potential Buy/ Long strategy.
Not included here is trend line that could lag Long setup.
Check comments section momentarily for any potential update/s to this trade-setup.
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AUDJPY: Need to Wait for Level breakout.Thanks for Taking Interested in my Trading Idea.
AUDJPY: Need to Wait for Level breakout.
Market Still Looks Like more sell off here after Level break.
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AUDJPY SHORT Hi guys, what a week ! Lots of movement in the market this week which is good to see, my bias for this pair is short (sell). I am looking for a spinning top or doji candle formation on the Daily time frame as another confluence to take this short and to allow the temporary bullish momentum to slow down. If this does form I will be scaling down to the 4hr and 1 hr time frame to look for a better wick entry. This is a long term trade so don't put a huge lot size on lets swing trade this down to the -61.8% fib level.
400 PIP GAIN 8/1 RR
AUDJPY. The price is approaching a key level. Hi subscribers!
At the moment, the price is in decline.
This will continue until the price reaches the target at a key level.
After this level, further pricing will be decided. Good luck to you!
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This idea does not provide the financial advice.
AJ developing a bullish channelmoment of writing, AJ is testing the 74.000 zone which is a neckline. from the previous lows, we see a rejection at the 618. I expect
a little more accumulation before going to the next bullish breakout. we can expect this kind of movements in the next week.
like you see, the extension levels are located inside the bullish uptrend. the numbers for the next week will give us more direction.
AUDJPY SELLWatching this pair for a healthily sell. Trend line resets plus ema rejection as well as rejection of the 50% fib. Multiple confluences to take a short here. Just waiting for price to come up top the purple box region and form some bearish candle sticks to take a short position here to ride it all the way down.
Tale partial profits.
430 PIP gain 7.5/1 RR
AUDJPY key support levels ahead.Price is approaching congestion zone so I would stay out from any trade for now, and wait for a clear direction. Important levels are below, and market may want to test those levels. You can check it on the weekly or monthly chart as well. My personal bias is that price is going to drop some more, but we have to get through the zone. (Also looks like AUDUSD want's to test lower so that might drag down AUDJPY as well)
AUDJPY Market Outlook | Daily Forex Market BreakdownAUDJPY
Continuing to push to the downside. Sitting at about +280 pips profit. This shows you how powerful swing trading is. This is why it is important to let your winning trades run. We need to be patient and not rush into any longs, we could keep melting to the downside. We have a clean short entry. Keeping an eye out for potential hedge trades soon but right now its too early.