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Audjpylong

AUDJPY - BULLISH BIASWhy we look to long AUDJPY? ===== MARKET OUTLOOK ===== 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. ===== TECHNICAL ===== - We are looking to long AUDJPY on RBS level + SMA50 area on H1 chart. Stop loss under pivot point . - AUDJPY in bullish zone. ===== RISK TO THIS TRADE ===== - Stop loss will hit if market sentiment turns to risk-off mode.
Long
by MonsunAsia
AUD-JPY MASSIVE LONG|STRUCTURE ANALYSIS|TRADING PLAN The pair has broken up out of the downward channel where its been for a while and has now formed a bullish triangle on its way up, below the structure resistance. Given the bullish momentum and the setup, our target trade is a long, but with conditions. TRADING PLAN: 1-IF there is a breakout upwards 2-Wait for it to be confirmed 3-Go long on a retest 4-Take profit levels are on the chart 5-SL below the horizontal level Alternatively, IF the triangle gets broken downwards, with both support lines broken too, then one might be interested in going short, with SL above the horizontal resistance. This trade however, has lower probability and is less secure, as the setup will be less clear. Use your own best judgement and look at the price action. Thank you for reading, like and subscribe, and have a nice day!
Long
by ProSignalsFx
1
AUDJPY Potential Long If Market Pulls Back #AUDJPY Potential Trade We can see a clear uptrend with this pair smashing through a very very strong Daily level , retesting it and respecting that level . You can read the daily details in the bottom right . Technicals for 4hr are clear ,Ascending Daily Purple Trendline , lining up with the daily level of structure if we look left the red arches show clearly the level of strength this zone has with multiple frequent and recent touches all respecting the level . Will wait to enter at daily level on 4hr chart with the correct candle alignment . Sl below the daily level and by then the 50 and even stronger 200MA alongside 2 4hr levels of structure .
Long
by Top_Tier_Trading