Audjpylong
AUDJPY | The best scenario 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 in the previous analysis, 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 is the recent ascent for Wave 5 from Wave 5.
This wave is a weak wave based on the previous waves and it may not be able to move more than Fibo 0.618 and if this Fibo is broken, the ascent to Fibo 1.00 will be confirmed.
If the bottom of the canal, the red circle, is broken downwards, there is no hope of continuing the upward movement.
If the downward warning signal is broken, the wave count will enter a new phase and will be a confirmation for the start of wave b.
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AUDJPY | The best scenario for climbing📝Hello traders , AUDJPY in daily timeframe , In this currency pair, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5.
As we said in the previous analysis, we considered wave 5 as a progressive 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 is the recent ascent for Wave 5 from Wave 5.
This wave is a weak wave based on the previous waves and may not move above Fibo 0.618, and if this Fibo breaks, the rise to Fibo 1.00 is confirmed.
If the support of the downward warning signal is broken, the wave count will be fielded and the form of wave formation will change.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
AUD/JPY: Following the Channel! What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the AUD/JPY, translating the market information with a full technical analysis on different time frames.
For a better understanding of my market perspective, let’s have a quick look on the monthly timeframe:
After a strong bearish impulse performed during the last month, the market is now retesting a strong s/r level.
Few doji candles are a clue of strong demand on that area, so there is a possibility to see a new movement to the upside.
Switching to the weekly timeframe:
A huge uptrend followed by a retracement, reaching the support level at about 0.50%/0.618% of fibonacci, usually an area where price start consolidating before a trend continuation or a trend change.
The last bullish engulfing could be a sign that the market is changing its perspective from bearish to neutral.
On the daily timeframe:
The price is consolidating inside the fair value area, the most market activity is happening on the top of the value area, and focusing as well on the three rejections from the demand zone, you can see how the buyers are aggressively pushing the price back inside the area, all signs that the buyers are getting the control of the market.
Back to the 4 hours timeframe:
The market is moving following a clear uptrend!
Now let’s analyse more in detail:
The market is forming a falling wedge, testing now the dynamic support of the ascending channel.
I will be waiting for the breakout of this pattern before entering long on this trade, looking for a good entry point with a RRR of 1:2.
I would place my SL below the channel and the first TP at about the middle of the channel, the second TP on the dynamic resistance.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
AUDJPY Long with 3 Confluences. List of Confluences:
1: Trendline Breakout
2: Key level Breakout around 81.73*
3: Inverse Head and Shoulder Pattern
Summary: This setup has a risk reward (RR) of 3.75 to 1. We can see a trendline breakout on the daily time frame, which indicates a possible bullish move.
A key level breakout is also visible on the daily time frame around 81.73*. This shows a change in market structure from bearish to bullish.
Inverse head and shoulders pattern has formed in the daily time frame which further supports a possible bullish move.
AUD/JPY Christmas Rally?After weeks of selling we have found a base for AUD/JPY under Y80 and are beginning to trend higher in recent few sessions.
With the FED now behind us we can hopefully start a nice Christmas rally in stocks as we had a good bounce after the meeting yesterday.
AUD/JPY has implusively moved higher and we have decent opening here to rally to Y83 and potentially Y86 if risk appetite remains strong.
Aussie jobs were crazy high at 300k in November as the country reopens and certainly does the currency no harm.
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AUDJPY interesting patternThis is a pretty interesting setup.
Price tends to hunt liquidity and in this
case we have a double head and shoulder
pattern.
So are we going to complete the smaller
head and shoulder to capture liquidity
below the push up to capture
liquidity on the top and form the
bigger head and shoulder pattern?
Your guess is as as good as mine
Best is to wait for next week
AUDJPY | The best scenario for climbing📝Hello traders , AUDJPY in daily timeframe , In this currency pair, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5.
As we said in the previous analysis, we considered wave 5 as a progressive triangle, and from this triangle, 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, we consider the same scenario and expect to start climbing for Wave 5.
If the support of the downward warning signal is broken, the wave count will be fielded and the form of wave formation will change.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
#AUDJPY-LONG-There are two possible entries depending on wgen #jpy index reverse.
-At the moment we can expect price to drop more down to the area of previous low which will make a possible double bottom.
-And the second option is a mitgation area where price might go upwards aroudn 100-150 pips and then drop to our safe entry area.
-the chart has entry,sl and tp like a signal but use it as proper chart analysis.
AUD/JPY
Hey guys, sorry i have been inactive over the last few weeks have had to look into my trading and see where i was messing up. It seems to me that I'm abit to eager for trades and need to take more to for conformation on my setups. But I did short the us100 until Friday where I closed and put my taking straight into this trade. we have a Range the AUD is trading in with a clear strong support and resistance with the FIb retracement tool also backing these lines. On the hourly timeframe we had a massive and strong bullish divergence on the RSI Between the 26/11 to the to the 4/12 with a engulfing bullish candle to confirm the reversal to the upside off support. I Bought Citi warrants and with my 3% target will profit 30% this trade should be done in a few days given the momentum off the support.
AUDJPY | The best target to climb📝Hello traders ,AUDJPY in daily timeframe ,The wave count for this currency pair indicates the formation of waves 1, 2, and 3, and possibly wave 4.
And now we are in wave 5.
The form of wave 5 is the leading triangle and from this triangle we are inside wave 4, we assume that wave four to Fibonacci 0.88 will be corrected compared to wave 3.
And in this fibo, the ascent for wave 5 starts from wave 5.
If the end of wave 2 is broken, it can be understood that we are still inside wave 4, and if the downward warning sign is broken, this wave count is generally fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
AUDJPY turning UPFor more detailed daily analysis, don't forget to click the follow button!
Here we have our AUDJPY chart.
After the current market sentiment, we have seen a large drop on this pair.
We are now in a great position to go long for an upmove back towards Key MA's
Price direction is shown by the price arrow.
Bearish outlook on AUDJPYOn the H2 time frame, we are seeing bearish order flow and a pullback to test its resistance zone at 83.97, in line with the 78.6% fibonacci retracement presents an opportunity to play the drop. RSI is also showing further upside before prices entered the overbought region and Ichimoku is showing signs of bearish pressure, in line with our bearish bias. That said, there is a chance that prices could continue its downtrend from here as it is currently holding below the 100 EMA which acts as dynamic resistance.
A divergence signal appeared with AUDJPYH4 time frame.
Structure: Uptrend.
Currently, AUDJPY is forming a divergence at the price area of 82,000 - the 50% Fibonacci zone of the previous WXY up wave.
Here, wait for the price to break the Key level at 84,000 and complete the bullish reversal pattern, then you can find buying opportunities.
The profit target is the 87,500 price zone.
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Wish you all have a good trading day!