Audjpylong
AUDJPY | RETEST OF BREAKOUT?
AUDJPY has failed to break 83.200 since 11th Feb. Recently it has given breakout on 23rd feb and has come down to retest it. The question here is if this is really a restest or convert into selling pressure.
Two possibilities here;
a) Long position with SL below the support zone
b) Short if it manages to break the support zone.
Trade your levels accordingly.
AUDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDJPY | The best target for climbing📍Hello traders , AUDJPY in daily timeframe , In this symbol, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5.
As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this recent ascent is for Wave 5 from Wave 5.
Wave 5 of wave 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed.
To complete this wave 5 must make a slight upward movement from the end of wave 3, and this movement is confirmed when the upward trend line is broken and then the correction is formed in the form of wave b.
Other scenarios:
The whole of this counted wave may be related to the original wave 4, in other words it could be for wave 4 of wave 5.
In the first case, the ascent takes place without any decline after the defeat of Fibo 0.618.
In the second case, the black trend takes place before the black line point and then the ascent.
This analysis is fielded if the warning signal range is broken down.
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AUDJPY 4Hr Long!
Test at 82.178 has completed which gives chance to short-term and Long-term Targets.
Short-Term Targets: 84.844 | 86.227 zone; 85.604 | 87.712 zone.
Long-Term Targets: 88.226 | 91.419 zone; 88.792 | 93.631 zone.
As is, Price-Action suggests price is trading on Bullish territory. Moving Averages, too, suggest Bulls have Greater chance.
Note: Idea is to complement your research.
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AUDJPY | Bulls againAUDJPY after giving a breakout from falling trendline, made a top of around 84.
It has corrected itself and now making higher highs and higher lows. We are expecting bulls will again push the price to recent high. To negate above saying, bears should take out 81.5 area to show their strength.
Trade your levels accordingly.
AUD/JPY Made New Inverted Head&Shoulders, New Long Entry !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Can you see it?Hi Traders,
AUDJPY has been rising within an ascending structure which price was unable to push any higher. Price action is bearish and w4 also have an 'M' style structure about to start the next impulse.
Follow your trading plan and look an entry that fits your plan.
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AUDJPY BREAKOUTLook at the above chart, you can clearly see that it has already given BREAKOUT of the upper TRENDLINE. From here it can consolidate here for next 3-4 days and can again go upward.
KEY POINTS
Entry- 83.350-83.950
Stoploss- 82.250
1st Target- 85.250
2nd Target- 88.000
Will keep Updating.....
AUDJPY | Still has juiceAUDJPY is in good trend, making higher highs and higher lows. This pair still has some juice left in it. One can attempt buy on dip strategy with stoploss on recent lower highs.
Alternatively, breaking the trendline and daily support will bring bears in the party and push the price lower.
Trade your levels accordingly.
AUDJPY | The safest place to buy✔️Hello traders , AUDJPY in daily timeframe , In this symbol, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5.
As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this recent ascent is for Wave 5 from Wave 5.
Wave 5 of wave 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed. Wave 2 moves further. This scenario is somewhat fielded, but otherwise a sideways trend is formed to complete wave a and wave b is formed, and then climb for wave c provided that the fibo breaks 0.618.
Moving more than the end of wave 2 will mean that it is still inside the main wave 4, and this wave 4 will be in the shape of a triangle.
This analysis will be completely fielded if the support indicated by the warning sign is broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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AUDJPY | Bullish SetupAUDJPY is looking bullish at the moment. The price action suggests it has given a breakout from falling trendline and restest it as well. The supportive trendline is also in action but it is a tentative one (white)
Buy on dip is suggested with stoploss on the horizontal area (arrow drawn)
Trade your levels accordingly.
AUDJPY | Approaching to important levelAUDJPY is all ready to give breakout from the falling resistance. If it manages to break above it, we will see the bulls to take price to the 82 and 83 levels. Alternatively if price falls from mentioned support then we can see to recent lows near 80.
Trade your levels accordingly.
EWT: AUDJPY is forming a contracting triangle.Currently, AUDJPY is forming a contracting triangle on the corrective wave ((4)). Price has completed sub-wave (C), and sub-wave (D) is in progress.
After completion of the (D) wave, the terminating wave sub-wave (E) will break the B-D trendline of the contracting triangle.
Wave (D) can end nearby 78.6% retracement of wave (B).
If the price breaks the B-D trendline, It can move to 85.35-86.25-88-89 . The traders should put protective stop loss at 78.78.
wave (5) may end at 89.609, which is inverse Fibonacci retracement 1.618% of wave (4)
Wave (E) can complete between 0.618 to .786 Fibonacci levels.
That's why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave E.
If you want to trade wave (E), then you should have a trailing stop due to the high volatility of wave (E).