AUD/JPY LONG Aud / Jpy broke the major trendline, so we can expect it to go up to the next resist, 80,000 area.
Audjpylong
AUD/JPY - My last trade for Friday.Hey, I am back with last forex idea this week, more to come in the next one, so don't forget to follow me.
AUD/JPY has found support on strong support area, broke downtrend line and broke out of RSI range, I expect the price to reach at least the level of 75.500, 35 pips from now, I am already in.
Good luck with your trading!
AUDJPY LongAUDJPY is about to hit strong support from where it will bounce back up. Go for a 50 to 100 pip profit here.
AUDJPY LONGPrice has fallen back to the daily trend line. I can see a bullish bias forming on the 4H + bullish divergence on 1H.
Goodluck :)
AUDJPY And Buy Area (23/7/2020)Please fill the line..!
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AUDJPY potential sell set-up. AUDJPY has rallied strongly and reached the previous high yesterday. However, it is possible that there could be a reversal in this area.
So, watch for bearish price action and sell with 75.50 as TP1 and 74 as TP2. SL can be put at 77.20
The above set-up will be invalid if price closes above the resistance level.
AUD/JPY: 5th Test of 76.5 Resistance7-week hold resistance being tested for 5th time - breakout coming?
AUDJPY Potential Long opportunity Clear bullish momentum + ascending triangle pattern could signify push to the upside.
AUD/JPY Technical Analysis.Currently, AUD/JPY is trading at 75.97. The pair started a new up trend after breaking the resistance level at 75.07. Previously, the price was trading in an ascending triangle pattern. The pair has already started a new up trend by breaking the resistance level, so its first target price is at 75.98 and the second target price is at 76.54. The price has already touched its first target price and can hit the second target.
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AUDJPY LONG- Higher highs and higher lows
- Pullback to the ascending trendline which lines
up with the 0.382 FIB
- Also lines up with the 1 hourly 50MA
- Previous resistance has turned into support
AUD/JPY Trade-setup!FX:AUDJPY
We can see that the pair is in a very bullish position so it is
better to trade in the long direction.
wait for the price to retest then gather
some confirmation before going long.
Note that if price breaks the trendline then it will go short.
AUDJPY TRADE IDEAAUDJPY - See a pennant structure forming here. Will be waiting for a breakout of this pattern before entering a position. Currently near a strong hourly, and 4 hourly resistance level as well, so if we break upside, and break above the resistance we can look to add more positions.
AUDJPY Trading Setupprice holding 100 EMA and ichimoku support looks good buy need to breakout from triangle
let's see which side this one will breakout after breakout we will enter into this trade
AUD/JPY - Breakout setup - BUYWe are waiting for price to break out of our marked resistance. We'll be waiting for a retest for buy entries.
AUDJPY H1 LONG PRICE ACTION FORECAST -UPDATE-Although price didn't reach the T/P level forecasted, it went under bearish momentum, finding some rejection from the ascending channel support line for an uptrend movement.
Now expecting a retest of the critical support zone allows the setup of a long entry with the following characteristics.
The order:
Type: buy-limit
S/L: 20 pips - R:R | 1:2 -
T/P: previous swing high
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AUDJPY LONG- Higher highs and higher lows
- Pullback to the ascending trendline which lines
up with the 0.382 FIB and 50MA
- Rejection of this would also line up with 1HR 200MA
AUDJPY potential reversal!
AUDJPY expected to rise up to 1st resistance at 74.579 where it could potentially react off and drop down to 1st support at 73.854.
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Losses can exceed the initial investment so please ensure you fully
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AUDJPY Buying Signal In our previous post we spotted a higher probability selling opportunity on AUDJPY. Since then we have seen in the price action a potential intra-day buying opportunity with a similar convergence of factors.
As you can see from the 15 Minute chart, price came all the way down from the 75.00 level and reached the 74.00 level. In general AUDJPY loves the big figure (double zero) levels so we want to see how price reacts when these levels are reached.
What we saw was a bullish 3 drive pattern complete right at the 74.00 level, this level in general has an increased probability of order flow resting there because its a round number and the pattern can indicate potential price exhaustion especially since it has already moved over 100 pips from the highs.
To increase our confidence, confirmation and probability for any trade we want to locate as many factors that all line up to give you the same reason to execute. In this case once price rejected at the 74.00 level and we saw a bullish price pattern complete. The last factor we want to see is a higher inner trend line break to the upside as this can help confirm the pattern and also clearly show you a precise execution point.
As we are trading the pattern we do not have to place a stop loss too far below the 3rd drive and the 74.00 level, while we can also look target 74.50 in the short term as there is not a lot of resistance until this area.
AUD/JPY Let's be a BullGood day, snipers. Here in the AUD/JPY, I really believe that the Yen has a strong potential to climb higher, specially when Australia has 5 million people back in lockdown, so I am expecting a downfall to the AUD. In technical terms, price seems to respect the short term support and the 38.2 Fib Level, and also bounces off the long term support found in the Monthly time frame.. We are also at the bottom of an uptrend trend line that has started in the daily time frame.
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