AUDJPY - LongHi Traders,
Hope you had a great day so far. We are looking to trade AUDJPY till 90.00 with multiple entries.
AUSSIE still going strong and taking advantage of weak JPY.
Good luck and trade with care!
Audjpylong
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 .
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.
AUD/JPY LONG SETUPAUD/JPY is an uptrend , and has repeated the bullish flag pattern for the 7th consecutive time .
I expect AUD/JPY to potentially form another bullish flag pattern , continuing the uptrend .
I would enter after the successful retest of the flag after the breakout to confirm the pattern and its move.
The expected movement of the price is drawn by the grey path
AUDJPY UPDATE.. TP1 HIT FOR 70 PIPS!!!A quick update before we switch off for the evening before an early start on the markets in the morning.
Our AUDJPY trade which was entered this morning hit our Take profit target for a total of 70PIPS!!!
A massive gain on our capital this week.
But once again were staying humble and will continue with the grind first thing tomorrow morning. Keep your eyes pealed!
Good luck traders.
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!
AUD/JPY Hit All Targets +200 Pips 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
AUD/JPY LONG SETUPAUD/JPY is in an uptrend since the beginning of the year .
It has been repeating the bullish flag pattern indicating the continuation of the uptrend.
I can see that another potential bullish flag pattern forming , suggesting a strong bullish move that's going to happen .
I will wait for the breakout of the flag and enter after the retest of this flag to confirm the pattern .
This is shown by the grey path drawn .
MARKET STRUCTURE|| BUY RE-ENTRYI WOULD REALLY APPRECIATE 5+ LIKES ON THIS POST.
If current old 4H supply zone holds, we should be looking for re-entry to buy from the next demand zone.
Trading AJ now is currently very tricky as there are so many supply zones above price current level and the market could be reacting to any of them anytime, which can be very dangerous to any trader's equity.
trade safe
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!
AUD/JPY out of the build-up phaseHi Traders!
I am ready to long this pair after it has broken the build-up phase. A strong bullish candle closed outside the build-up area and now a bearish candle has retested it. I expect that now the price will resume north possible to the strong weekly resistance of 85.845. Ready to long?
Cheers
AUDJPY 5m demand setuup, final targets upwards of 86AUDJPY 5m demand setuup, final targets upwards of 86. close to over 50:1
AUDJPY - Price moved as expected. Profit Smashed🤑💸💵🤩🥳Here is a confirmation of the idea I published on 16th February 2021. Take profit 1 smashed. Take a minute of your time to take a look at the post. Thank you for your support💓
AUDJPY - Price moved as expected. Profit Smashed🤑💸💵🤩🥳Here is a confirmation of the idea I published on 20th February 2021. Take profit 1 smashed. Take a minute of your time to take a look at the post.
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, or improve on your technical analysis skills, DM me.
MARKET STRUCTURE||MARKET OUTLOOKTraders lose money on forex because they buy when the banks are selling to other people. we must learn to buy when they buy or sell when they sell..
I will be capitalizing on the move to the downside to correct for the huge imbalance in the market
AUDJPY WEEKLY FORECASTAUDJPY PRICE REACHED WEEKLY RESISTANCE ZONE..THERE IS POSSIBLE PRICE CAN MOVE DOWNWARDS.....
AND BELOW THAT THERE IS FRESH DAY LEVEL SUPPORT ZONE..PRICE CAN MOVE UPWARDS...THEN GO LONG..
IF IT FAILS TO MOVE LONG THEN GO SHORT BELOW TO THAT ZONE..
AUD/JPY +75 Pips From Out 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
AUD/JPY Breaking Higher AgainThis is another trade that hit TP and I was waiting for a retrace for another chance to enter again. It seems to be breaking higher now without much of a retrace so we can monitor this for if and when it retraces back to this support. Once it turns back and then rebounds a long can be entered with a target of 83.928. SL just below the support area.
AUDJPY LongThe Australian Dollar has seen strength against the Yen for the past couple of months and I expect it will continue moving into next week. The Aussie did well while some uncertainty loomed this week over unemployment numbers, the expectations were beat by .1% not causing much fluctuation in the pair. This isn't the main reason for this trade however, this is mostly a play on the Dollars continued recovery after also beating expectations this week. The contra-positive relationship it holds against the Yen makes this pair work in my favor as the Yen struggles against the dollar. The reason I don't just trade USDJPY or a different USD pair is to avoid too giving myself too much direct exposure to the dollar, as the Fed will be meeting next week, and I would like to protect myself from volatility.
