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Audjpylong

AUDJPY Long - OpportunityI'm looking to BUY AUDJPY in the near future. We are currently seeing a double top forming at the 76.000 area, with price making an aggressive rejection, failing to break and make fresh highs. 0.382 fib level has been a reliable key level in the past, and as acted as both strong support and resistance. I'll be placing an order at 75.630, here are my reasons why; 1) 0.382 fib level is a strong key level (depending whether it holds when price reaches it). 2) Candlestick formations are pointing to move lower for now, which further backs up my analysis of price reaching the 0.382. 3) 0.382 would also correlate with the current long term bearish trend, so we are likely to see candles touch and close above the trend and then continue to move upwards. My take profit will be placed at 76.420, as this is the next major key level on this pair. My stop loss will be placed below the last lower high, with some additional room to let price breathe. Those are the reasons I will be taking this trade. Please feel free to share your feedback and thoughts below! :)
Long
by conappleton
AUDJPY, 1hr tf buy entry in case you missed itHello my friends, I managed to ride AUDJPY during market open and enter exactly at 74.10 according to my previous post. Some people might missed this entry chance as price only touch it for a brief time and shoot up after that. I am gonna share how to enter this pair in case you still want to follow my buy position. We won't buy at current price because it is not offering a good RR ratio. It is better to skip this trade if you're left behind because there will be plenty of trade to follow later on. Wait for price to retrace around 74.30 and initiate buy from this area. It is better to use buy limit order for this pair setup. Buy AUDJPY 74.30 Stop loss 73.90 Take profit at 75.40 RR Ratio 1 : 2.75 Use only 1-2% risk Good luck Disclaimer : I bought AUDJPY from 74.10
Long
by HayatoDragonFX
2
AUDJPY, daily tf, Elliott Wave corrective 4th waveHello my friends, I hope everyone enjoy this week and make decent profit. This weekend, i spent some time to analyze pairs for next week to trade. My first trade for next week gonna be AUDJPY pairs. I tried analyzing this pair by adding some fibonacci tools such as fibonacci expansion and retracement. I found some interesting setup as this pair right now hitting strong support of EMA-200 at daily time frame. Insidentally the place where EMA-200 is located was also a horizontal support level and 161.8 fibonacci expansion level. We could conclude that 73.90-74.10 area is an area of confluences. For AUDJPY to drop further, they will need a lot of strenght. In my opinion, bears currently exhausted as AUDJPY has dropped for 10 straight candles / 2 weeks. It is bound to retrace a bit before continue to the downside. Using Elliott Waves theory as the basis, we could say that we're going to see corrective wave which is Wave-4. Wave-3 stopped exactly at 161.8 fibonacci expansion. Wave-4 usually only a quick corrective wave so we will only buy this pair for a short time. It usually end at 23.6-50% fibonacci retracement. Usually it only stopped at 23.6-38.2% retracement so we will only aim between this fibonacci ratio. I am planning to buy AUDJPY at 74.10 when market open next week. Stop loss will be located a few pips below the support. There are going to be 2setups and you can choose which to follow. Buy AUDJPY 74.10 Stop loss 73.80 Take profit for 1st setup is at 74.85 (RR ratio is 1 : 2.5) Take profit for 2nd setup is at 75.40 (RR ratio is 1 : 4.33) If you wanna take profit using the 2nd setup it is wiser to use trailing stop when price pass the 75.00 level. Use only 1-2% risk Good Luck
Long
by HayatoDragonFX
4
AUDJPY signal (LONG)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. If my markup is right and we are in global wave of (5) that would looking nice and logical have (ED). I only guess that it can be.Anyway we have good potential to grow.Risk is justified. open pos: buy on correction or on breaking resistance targets: 77.8 - 79 after first target reached move ur stop to breakeven stop: ~76.46 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 4 Good luck Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. If i help you TO EARN SOME MONEY i will RLY VERYVERY appreciate for your donate. (I lost almost 100k$ about 1 year ago,it was all) Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions(PM to me).
Long
by trytofeelpositive
1