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Audjpylong

Breakout Identified in AUDJPYThe Breakout Opportunities system has just bought AUDJPY at 83.74. The system recommends entering this trade at any price between 83.558 and 83.878. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.972, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low of 83.01 and a profit target has been set at the 1 Day ATR level at 84.294. 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: 75211 Time Issued: Thursday, 04 March 2021 08:41:15 GMT Status: open Entry: 83.558 - 83.878 Limit: 84.294 Stop Loss: 83.010 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.
Long
by FXCM
3
AUDJPY - SWING - 03. MAR. 2021Welcome to our weekly trade setup ( AUDJPY )! - 1 HOUR Bearish pullback in a bullish market structure.. 4 HOUR Pullback formed and price retraced. DAILY Expecting more upside pressure now! - FOREX SWING BUY AUDJPY ENTRY LEVEL @ 83.150 SL @ 82.140 TP @ 84.610 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
43
AUDJPY facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above both the ascending trendline and moving average support, in line with our bullish bias. We could potentially see a bounce at our 1st support level at 83.375, which is in line with our 23.6%, 38.2% Fibonacci retracement levels and 61.8% Fibonacci extension, and a further rise towards our 1st resistance level at 84.324, which is in line with our 78.6% Fibonacci retracement and 127.2% Fibonacci extension levels. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
4
Possible trend shift in AUDJPY – going longThe Tidal Shift Strategy has just bought AUDJPY at 83.509. The system recommends entering this trade at any price between 83.291 and 83.727. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.294, which suggests that the AUDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.174, so the stop loss has been set at 82.637. 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: 75202 Time Issued: Wednesday, 03 March 2021 00:00:15 GMT Status: open Entry: 83.291 - 83.727 Limit: N/A Stop Loss: 82.637 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.
Long
by FXCM
2
AUDJPY is facing bullish pressure, potential for more upside!AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our horizontal swing high resistance and it coincides with the 61.8% Fibonacci retracement . If prices were to fall, then it might reach our the 2nd support level which coincides with our pullback support as well as the 78.6% Fibonacci retracement .
Long
by FXCM
1
AUDJPY is facing bullish pressure, potential for more upside!AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our horizontal swing high resistance and it coincides with the 61.8% Fibonacci retracement. If prices were to fall, then it might reach our the 2nd support level which coincides with our pullback support as well as the 78.6% Fibonacci retracement.
Long
by FXCM
2
AUDJPY RUNNING 50 PIPS DEEP!Another well executed trade we entered here at forexinsightsuk this morning. We've been running in profit the majority of the day but now the Australian market is wakening we're seeing big movements happening heading towards our Take profit zone. We are currently 50 pips in profit which is a huge gain on our capital. Holding this position until hopefully our targets are reached. We will update you all when we have banked profits later on this evening. Have a good evening guys!
Long
by Forexinsightsuk
AUDJPY - LONGLong AUDJPY @ 83.23 TP: 85.00 SL: 82.90 Ive decided to go long AUDJPY as the Aussie has been better bid of late and there has been some nice consolidation around this level which will act as support for the trade (around 83.00 level) as well as fibbo support around this level too. US dollar is very week at the moment and therefore AUDUSD should continue to grind higher taking AUDJPY with it. The reason I stay out of AUDUSD and go for AUDJPY instead is incase the US dollar rolls over and stats to rally. If this happens, USDJPY will go bid meaning that JPY weakens further thus giving AUDJPY another reason to breakout. My stop is set just below the 83 level, just for some breathing room. I will need to see a sharp spike below or a daily close below this level before I decide to close out the trade. Lets hear your thoughts below ... Goodluck!
Long
by WhosPipsAreTheseAnyway
6