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Audjpyidea

AUDJPY (MONTHLY) | LONG TERM SPECULATION*Price action is presently hovering around the 70.000/72.000 zone which is a major support. *Also, put into consideration that price has been consolidating between this support @ 70.000 and resistance @ 90.000 zone since 1996. *However, if the price breaks the 70.000 zone; we might be looking at a downward rally to test support @ 55.000 (which also happened in 2001 and 2009) and if price rejects this 70.000 zone, we might be looking at a consolidation into the 90.000 zone. *We are at a crossroad and important that we keep watching the character of the price at the present zone (70.000/72.000) before making any execution. *Lower time frame speculation shall be published as we continue to monitor price action in the present zone.
by darcsherry
AUDJPY: Potential Short Setup From 76.000Whats up everyone and welcome to this new trading idea! Ive been quite for some time because of some personal issues, but this is another story! So i just want to feed you guys with another trading setup on the AUDJPY pair. Price is creating a peak formation high and consolidation for a while, which indicates that something is going on here... Im looking for shorts around the 76.000 level which will be hit in the near future. We have AUD news in a few hours so lets see if we can get price up there and then down. Risk to Reward on this trade is great! Catch you guys on the next idea and hope everyone has a successful trading week!
Short
by darian_fx
9
AUDJPY long. Right at a very nice spotThe pair is at a very very interesting spot. As we can see the D chart has formed an inverses H&S right at a resistance area that is about to be broken (or not). RSI confirms the pair is gaining strength. I want to see the neckline breaking and holding, that's when I will go long. My target will be the 77.5 area which is a very strong area of resistance. Lets have a look at the 4H chart I think the inverse H&S becomes very clear in this timeframe, we can also see the amount of times the pair has rallied to the resistance area and has retraced from there. Once broken that same resistance level will become support
Long
by MicKi
AUDJPY Long Long Long (High Potential for 200 pip move)We can see clearly that 75.433 is holding very very good, if we look daily we can see that have a big hammer, they pushed the price below this key level (for me) and we broke that supp with a big bearish marobozu but we managed to go upside again, that means that they don't want the price below that point. Always remember to visualize, to predict how the weekly candle will close , if we look at the weekly tf we can see clearly that this pair is trying to make a big hammer that means the bearish days are over and new trend will follow through. Remember we have to smash that 76.000 KEY LEVEL with a big HAMMER. My longer tp for this pair if we manage to close weekly as Hammer is 77.965 about 200 pips , and the stop loss is very tight (20 pips) Buy zone 75.655, Very very good setup.
Long
by ronizfx