** AUDJPY ** currently climbing toward TPMorning all, happy tuesday.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
Audjpylong
[AUDJPY W1 Apr 2021]AUDJPY
Long Setup
Continuation trade:
Final target: 91.0000
Bullish kangaroo tail found on H4 timeframe, SL may be placed beneath the tail.
This price also marks the retracement of 61.8% a possible Wave-2. We're entering a possible Wave-3, which is the strongest impulsive wave, according to Elliot Wave Theory
AUDJPY - Bullish BiasAUD - BULLISH
1️⃣ The positive risk tone supported the antipodean AUD.
JPY - BEARISH
1️⃣ Rising US yields weighing on the JPY.
2️⃣ Risk-on tone pressured the safe-haven JPY.
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Technical
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We are looking to buy the AUDJPY at RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
AUDJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY GOOD LUCK! Great BUY opportunity AUDJPY .
I still did my best and this is the most likely count for me at the moment.
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Breakout Identified in AUDJPYThe Breakout Opportunities system has just bought AUDJPY at 84.261. The system recommends entering this trade at any price between 84.117 and 84.41. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -2.332, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low of 83.687 and a profit target has been set at the 1 Day ATR level at 84.858. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 75566
Time Issued: Wednesday, 31 March 2021 00:53:15 GMT
Status: open
Entry: 84.117 - 84.41
Limit: 84.858
Stop Loss: 83.687
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.
Past Performance is not an indicator of future results.
AUDJPY - Bullish BiasAUD - BULLISH
1️⃣ Risk sentiment was boosted amid reports that the US government will unveil an extra stimulus program, including larger spending in infrastructure later this week.
2️⃣ Local 10-year bond yields pushed higher to 1.8%.
JPY - BEARISH
1️⃣ Local media reports said that the weekly number of newly confirmed novel coronavirus cases in Japan has exceeded 10,000 for the first time in six weeks.
2️⃣ Retail sales in Japan declined by 1.5% year-on-year in February 2021, following a 2.4% drop a month earlier and compared with market expectations of a 2.8% fall.
3️⃣ Risk-on tone weighing on the safe-haven JPY.
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Technical
=====
We are looking to buy the AUDJPY at RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Possible trend shift in AUDJPY – going longThe Tidal Shift Strategy has just bought AUDJPY at 83.978. The system recommends entering this trade at any price between 83.828 and 84.128. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.959, which suggests that the AUDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.12, so the stop loss has been set at 83.378. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 75553
Time Issued: Tuesday, 30 March 2021 02:00:15 GMT
Status: open
Entry: 83.828 - 84.128
Limit: N/A
Stop Loss: 83.378
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.
Past Performance is not an indicator of future results.
AUDJPY is facing bullish pressure, potential for more upside!Prices are facing bullish pressure from 1st support in line with 100% fibonacci extension and 61.8% fibonacci retracement. Prices might pullback to 1st support before pushing up higher towards 1st resistance in line with horizontal swing high resistance and 78.6% fibonacci extension. If prices fall through 1st support, prices might push down towards 2nd support which is in line with 50% fibonacci retracement and 161.8% fibonacci extension. EMA is also below prices, signalling a bullish pressure for prices.
AUDJPY 1D TIMEFRAMEHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied