Audjpylong
📢AUD/JPY Possible long setup 😎This pair is now at support. Let's see if we get some rejection so we can jump in 👆 Once the 4H candle can close I'll be monitoring price action on smaller timeframes foe an entry 🧐 If you like the Analysis feel free to drop a like and leave comment, we are grateful for all the love out there 🤍
AUDJPY - BULLISH BIASAUD - BULLISH
1️⃣ Investors cheered the Australian government’s expansionary federal budget.
2️⃣ Stock futures in the US traded sharply higher on Wednesday, reversing from a big plunge in the previous session, as Trump hints at more stimulus for airlines and the Paycheck Protection Program.
JPY - BEARISH
1️⃣ Sentiment for the safe haven Yen eased as Bank of Japan Governor Haruhiko Kuroda noted that the downturn in Asia's economic conditions due to the COVID-19 crisis has been moderate, compared with other regions, partly due to solid global demand for IT-related goods produced in the region.
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TECHNICAL
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- We're looking to long AUDJPY on RBS level + fibo retracement 61.8% area on H1 chart.
- AUDJPY turns to bullish mode.
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 set ups for AUD/USD & AUD/JPY Here we look at two buy setups for AUD/USD & AUD/JPY
We look at Australia's dependence on Iron Ore exports and Iron Ore's strong price correlation with AUD/USD.
We look at how the AUD/USD & AUD/JPY strongly follow the S&P500 Stock Market index and why we have some interesting buying opportunities on dips when's stocks initially fall but then rebound.
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AUDJPY short term target at 76.00Hello trader,
AUDJPY is currently bouncing up, good move. I am looking for further confirmation, in which 75.50 price handle should be broken up, and 75.3xx be then as support zone for AUDJPY; from there, 76.00 I will looking for as end target for a short term trading.
For earlier buying AUDJPY at:
Open Price
74.485
Current profit in pips
79.3
Take Profit 01
75.255
Take Profit 02
75.409
Take Profit 03
75.564
Stop Loss
74.505
Trade well!
TS
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