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Audjpysell

AUDJPY - Potential Short Sell Trade Opportunity Set UpTaking a look at the intraday price action on AUDJPY we have seen a potential Sell trading opportunity present itself. As you can see from the 1 Hour chart, we have a liquidity gap drive lower on the 21st September 2020 around the 76.32 level marked with an orange arrow. This level could have additional order flow resting here as the sellers who originally drove price lower could look to protect their positions. With that said, we also can see a potential bearish 3 Drive pattern getting created with the first 2 drives already developed. Convergence is key in increasing your trading probability so if we can see price rise around the 76.32 level again and also converge with the 3rd drive of the 3 drive pattern together, this could cause price to react and potentially reject lower. If price does what we would like it to do and starts to look like it could meet this point of possible convergence, then we will be going down to our lower timeframes and watching price carefully before we take any action. What we want to see is a rejection first and then hopefully any additional signs for confirmation in the form of a micro bearish price pattern, structure or inner trend line break to the downside as this can help increase our probability for a short trade. No rejection, no trade and we let it go.
Short
by DavidVillagra
1
AUDJPY 60 PIP SELLAUDJPY showing great potential for a 60 pip drop. We currently have a strong support level which has already rebounded off twice. The 0.50 fib level also fits the line of support very well which further makes me think that the price will once again reach this price. During this time a double top formation has also formed with a very strong neckline on the same support. With price dropping below the 50 EMA and the 10EMA crossing the 50 I can now see the momentum shifting to the downside. TP is set at the 0.50 fib level and SL in line with the double top.
by tradingonthego
2
AUDJPY, 4hr tf, sell at resistance riding Wave-5Hello my friends, Another trade coming for everyone is AUDJPY pair. I am also using Elliott Wave theory to trade this pair and it moves exactly like AUDUSD which i posted earlier. So we will be using Wave-1 area as the stop loss to invalidate our sell setup. If you find this post useful please drop a like to this post and my previous post as well. Also follow me to get my latest update about my trading positions. Sell AUDJPY 75.85 Stop loss 76.30 Take profit 74.50 RR Ratio 1 : 3 Use only 1-2% risk Good Luck Disclaimer : I sold AUDJPY from 75.85
Short
by HayatoDragonFX
3
💡 AUD/JPY 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have sell conformation: - Triangle formation and the candle close out of triangle. - MACD give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
AUDJPY - BEARISH BIASAUD - BEARISH 1️⃣ Reserve Bank warned that the Australian economy faces a "gradual and uneven" recovery out of the coronavirus recession, signaling it may buy more government debt to drive interest rates lower and may not move for at least three years. 2️⃣ Renewed concerns over worsening diplomatic tensions between the world's two largest economies weighed on investors' sentiment and dented appetite for risker assets. 3️⃣ Reserve Bank of Australia's Deputy Governor, Guy Debelle, noted that a lower exchange rate for the AUD would be beneficial for the Australian economy said foreign exchange intervention was a policy option. JPY - BULLISH 1️⃣ Investors remained cautious on delays in expanded US stimulus and concerns about fresh social distancing restrictions in Europe. ===== TECHNICAL ===== - We are looking to short AUDJPY on SBR level on H1 chart. - AUDJPY in bearish zone.
Short
by MonsunAsia
AUDJPY felled below 50% Fibonacci levelAUDJPY Price has reached around 78.500 which is a August month high and the upward momentum is shifted towards downwards as the risk aversion creeps in the market. The vaccine hopes supported the risk proxy for the past two months. The vaccine trial was put on hold by Astrazenca pharma company due to the some side effects caused by the unapproved vaccine and in many other countries are conducting the trials on side by side The number of coronavirus cases are surging everyday around the world. Even in Europe and in England the COVID-19 cases are rising the the government is preparing for the fresh lockdown measures. And the political developments around the world will cause the demand for safe heaven assets The healthy relationship between the government of Australia and People republic of china as both sides are preparing for fresh sanctions against each other on particular imports such as wine and beef. Though the industrial activity in china is back to the pre pandemic level this will support the Australian dollar too. But the deteriorating relationship between two countries will make the AUD less attractive The Japanese PM has resigned on the health grounds and the Newly elected PM Suga said that they will follow the abonomics in coming days. Which in turn will support the buying of Japanese yen The AUDJPY is the perfect pair to measure the current risk sentiment of the market. The price has felled around 4.1% from August high. If the price reached the 78.6% then it might lose around 6% from the August high level Currently AUDJPY is trading below the 50% Fibonacci retracement level. And below the 76.000 level The lower trend line which is holding this pair since 12 June was broken. Ichimoku clouds is pointing towards south On Elliot wave principal Currently 3rd wave is forming the we are expecting that this wave will end at 73.800 level which is a 78.6% Fibonacci level The price has felled below the 50,100,200 EMA. RIS has reached 20 level which indicates the minor rebound towards 50% Fibonacci level. MACD is turned red Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Short
by forexorbit
AUDJPY, 4hr tf, sell once again on ichimoku confirmationHello my friends, Previously i took sell position on this pair and got my SL hit for -60 pips at September 8th. I provide link to my previous post about it as well. Well i don't mind with the loss as it is normal for a loss, we just learn and move on from it. I am gonna try selling it again because my screener show this pair again on sell position. Sell AUDJPY 77.10 Stop loss 77.70 Take profit 1 @76.50 Take profit 2 @75.90 RR Ratio 1 : 2 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
AUDJPY, 4hr tf, sell on ichimoku confirmationHello my friends, Today i got trade ideas for AUDJPY pairs. This pair just came to my forex screener as there are some confirmations that have to be fulfilled for sell postion. All the confirmations needed are: 1. Price making lower low and lower high 2. Price break below the kumo and holding below it 3. Kumo cloud are red colored 4. Parabolic SAR switched to above the price indicating selling pressure I am not selling this pair right now as it is not offering a good RR ratio right now Wait for price to retrace a bit before entering sell Sell AUDJPY 77.10 Stop loss 77.70 Take profit 1 @76.45 Take profit 2 @75.60 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
2