AudJpy- 77 is strong sell zoneLike all "risk", AudJpy flew yesterday and ended the day just under significant resistance from 77.
I expect this resistance to hold and the pair could fall to 75 in the next period.
Sell rallies is my strategy for this pair and only a daily close above 77 would change my bearish perspective
Audjpysell
AUD/JPY ANALYSIS 📉👋 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 are waiting for conformation:
- RSI is give us signal for SELL.
- EMA's give us SELL signal.
- We are waiting candle to test this zone and go down.
💡 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.
AUDJPY - SHORTSelling a clip of AUDJPY here at 73.86 ahead of the 73.94 pivot and breakdown area that held on Friday. As long as 74.45 fibbo resistance holds, I remain a seller of the rallies going into the RBA meeting. RSI indicates that the market is overbought and the momentum should start to turn towards the downside.
I will sell a 2nd clip around 74.10 if we get there.
Short at 73.86
SL around 74.45
TP around 73.13 fibbo support.
AudJpy- Imminent break downAudJpy is in a clear downtrend and, as said yesterday, rallies towards 75 should be well caped by bears.
The pair is trading for the 3rd time in 74 zone support and I expect a breakdown sooner rather than later.
My target for short is 72.50 and I will remain bearish as long as the pair stays under 75
AudJpy could accelerate its lossesFor a few days now AudJpy is consolidating just above 74 zone support.
The combination of weak AudUsd and strong Jpy is not good for the pair and we can see a breakdown sooner rather than later.
I expect gains to be well caped on 75 zone and the pair could drop to at least 72 and even 70 in the medium term
Look to sell rallies under 75
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.
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.
AUDJPY Sell Swing Trade Setup. AUDJPY Sell Swing Trade Setup.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
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