AUDJPY long trade ideacurrently, we are seeing price formed unconfirmed inverted H&S and potentially to go up to the 78.430 resistance level (2), personally I will wait for the price to breakout the 77.54 resistance level (1) first before entering a long position on this asset.
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Audjpylong
AJ Break and Retest SetupAJ created a new HH and pulled back to the previously broken High to test it as support. This market is not starting to show exhaustion in this area, signaling that buyers may now be coming back into play. I will wait on monday for the next daily candle to close above the current candle before placing buys.
AUDJPY , NEXT PUSH!Hi Traders, here is the full NEW Analysis / Breakdown for AUDJPY.
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AUDUSD | SWING - 1. September. 2020Hello my friend | Welcome Back.
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The Australian dollar against the US dollar is heading towards a corrective downside after breaking the bullish channel, and it returns to the downside to test the broken area. It may continue to decline, but it may fail. BTCUSD AUDUSD EURUSD
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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.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
audjpy - buy biasedHi all traders.
For now, its an uptrend especially with the break out of the ascending triangle.
But be careful of any fakeout out of the trend line then continue strongly upwards especially on tues AUD cash rate news.
IF trend line is not broken, then we should expect continuation upwards
Cheers!
AUDJPY SELL OR LONG?*ENG*
- Price reaching our stress zone.
- We are expecting some confluence around this zone.
- If price breaks, look for longs.
*PT*
- Preço a atingir a nossa stress zone.
- Estamos a aguardar alguma dificuldade e indecisão do preço nesta zona.
- Se o preço quebrar, procurar por entradas em long.
AUDJPY Potential Buy 76.06...60 pip possibilityThis is very similar to the gold set up on sunday/monday we had.
We have a 4H trap move zone (purple) it is a trapped engulfing on the 4H.
As usual, we wait for the retest of the zone. And at the retest we look for a harmonic entry.
We have two. Gartley, and potential shark/alt bat pattern.
I'm looking for one more low to be made on the 15 minute chart with divergence between the two lows.
If I get an entry at the teal line I will be using a very tight stop loss. probably 6-10 pips.
I will look to hold for the green targets up top, because I believe the triple top traders have their stops sitting there.
Look for the entry to come during the
-Hong Kong Open.
-Midnight Eastern
-Italy/German Open
-London Open.
-Italy/German lunch (5:30am est)
-NY Open
AUDJPY - BULLISH BIASWhy we look to long AUDJPY?
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MARKET OUTLOOK
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AUD - BULLISH
1️⃣ Investors pushed the US Dollar to fresh 2-year lows in early Asian trade amid delayed fiscal stimulus for the American economy.
2️⃣ Australian Government signed an agreement with UK-based drug company AstraZeneca to secure the potential COVID-19 vaccine developed by Oxford University, if its trials prove successful.
3️⃣ Westpac-Melbourne Institute Leading Economic Index in Australia rose by 0.1% month-over-month in July, posting the smallest gain in three months.
JPY - BEARISH
1️⃣ Investors cheered prospects of further stimulus for the US economy after US House Speaker Nancy Pelosi indicated that a stimulus deal may still be reached if Democrats cut their stimulus proposal in half.
2️⃣ Receding safe-haven demand undermined the JPY.
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TECHNICAL
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- We are looking to long AUDJPY on RBS level + SMA50 area on H1 chart. Stop loss under pivot point .
- AUDJPY in bullish zone.
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RISK TO THIS TRADE
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- Stop loss will hit if market sentiment turns to risk-off mode.