#AUDJPY- 700 PIPS SETUP!Hey Everyone, AUDJPY will be seeing a strong reversal in coming days. waiting for price to continue the bullish trend until it reaches area where we will be seeing a strong reversal which marked as 'imbalance zone'. Let's not miss out on this one time opportunity.
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Audjpyshort
AUDJPY JUNE MONTHLY STRUCTURE OHLC DAILY TIMEFRAMEAUDJPY
JUNE MONTHLY STRUCTURE
DAILY TIMEFRAME
OHLC (Sell Setup) 🚨
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Analysis of the AUDJPY pair's monthly structure in the daily timeframe suggests a potential selling opportunity (Sell Setup). Currently, price has opened at a high level and is showing signs of rejection below the resistance level at 92.658 . It is advisable to exercise patience and wait for confirmation from the TDI (Trade Dynamic Index) indicator's cross, indicating the presence of sellers in the market. Additionally, it is important to observe price closing below 92.114 as a further confirmation. The initial target after the TDI Cross is reached in the daily timeframe is 91.348 , with a secondary target of 90.838 .
Please exercise caution and wait for valid entry points before executing any trades.
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Remember: P A T I E N C E + D I S C I P L I N E are essential elements in trading.
SHORT - AUDJPY (D, H4) (26 May 2023)SWING Trade - AUDJPY
This is an interesting pair to watch because price had tested the Weekly supply zone a lot of times yet it is holding. Overall price has over-heated, and it seems the zone is still holding well due to an overlapping Supply zone on top of it.
Hence, to look for SELLS again as the price does not seem strong enough to pierce through. This is proven by looking at the Monthly Chart
Weekly Chart
- Price is high in Curve
- To wait for price to break an opposing demand zone before looking for SHORTS.
For shorter term trades, look for H4 trades
- As there is no supply zone/s formed yet in H4, wait for price to break 1x opposing H4 zone to take SHORTS
For traders with bigger appetite, wait for price to break Daily Demand Zone
In short, watch this pair closely.
Alerts were set in H4 and Daily when price is about or break the zones mentioned.
AUDJPY - Short active ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we can see that price failed to break previous high and then changed the character, filled perfectly the imbalance and then rejected from institutional big figure 92.000, so I opened a short position.
Fundamental analysis: On Wednesday we have news on AUD, will be released yearly CPI, one of the most important macroeconomic indicator. Pay attention to the results in order to validate the analysis.
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Possible start of the weekly third leg #sell side "AUDJPY is in a downtrend, retraced for 10 weeks into the weekly supply, and formed a 4-hour choch. Currently reacting at the Fibonacci 0.618 zone. Took the trade after a 15-minute confirmation. Let's see how it unfolds! #ForexTrading #AUDJPY #TechnicalAnalysis"
AUDJPY ShortHello guys
This pair has been forming a falling flag, a major indication of bullish momentum, but it is in the earlier stages of formation. I anticipate that the market will continue with the formation, according to the higher timeframes.
My entry point is at 90.7 with stop loss at 91.7, and I am targeting a 1:5 R:R ration for this trade.
Remember, risk only 1% of your account.
A big fall on AUDJPY - Selling at 92.20 There are many reasons to like this trade.
1) AUDJPY is overbought on H4. It showed a strong reaction at 92.25 and dropped.
2) It has made a double top on H4 with divergence.
3) There is a big pattern to sell.
4) There is a M15 sell pattern as well.
The move at a minimum should be aiming for 91.40 and then hopefully lower.
Good luck!
AUD/JPY pulls back from the resistance level, more drop?AUD/JPY has retraced from the resistance level at 92.35 area. Along with that, we also have the formation
of a bearish reversal candlestick pattern in the resistance level. So, it is possible to see more fall in
AUD/JPY towards the 90 level. My recommendation is to sell the rallies in AUD/JPY as long as price
stays below the resistance level
AUDUSD Reversal? Is Risk Off happening? AUDJPY in a potential daily trend change. Risk off is on the table. Traded 50% short on Friday morning in NY and sold off pretty much all day. A 2nd chance short at 50% HWB short 91.90 would be a gift. If stocks keep selling off though, would expect it to head down to the 91.262 early in the week.
AUD/JPY; Fade the rallies; Long term Short BiasPretty much everything is aligned in favor for this pair to post significant loses in the near future. (Including the sentiment indicators which are in firmly bearish territory!)
E.g., Fade the rallies!
- China's reopening is a dud - to say the least -, more importantly, with substantial long term implications;
- The commodity picture is strongly DEflationary, across the board; (US hard landing ; is Crude is going to hold around $60, or not?!; etc.)
- Japan is gaining it's industrial stride, benefiting from a deflationary (raw materials) environment and it's rapidly rising significance as the regional key stone vs. China;
- Australia (without much China) has the significance of a distant (albeit important) military outpost and that's all! (At the end of the day Australia bears even far less significance than India, which is simply too far from the developed world to play any notable role. - Australia happens to be even more removed and distance/sea lanes do matter nowadays, far more than at any time during the past 50 years!)
- ... and the list goes on . (A list which is rather long, all of it in favor of Japan.)
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
These days, AUDJPY is slightly UP due to MARKET RISK ON. The reason for that was that the MARKET SENTIMENT was somewhat POSITIVE with FED UPDATES. JPY WEAK AFTER BOJ MEETING.
Because of that, XXXJPY CURRENCIES went UP very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more.
Therefore, after JPY becomes PRICE, XXXJPY PRICES may be UP in the future. Even now, we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance. Anyway, if the AUDJPY goes upside down again, the VIX should go down and the JPY should go up, and STOCKS should go up. The dollar should continue to strengthen as it has in recent days.
AUDJPY can definitely SELL at 89.25 LEVEL. But somehow, after that, AUDJPY may go UP to 95.54 LEVEL. Anyway, if JPY becomes WEAK, if the UP SIDE STRUCTURE is BREAK, there is a very good situation to BUY AUDJPY.
AUD/JPY Short PositionHere is my analysis for a potential short position I have taken on AUD/JPY.
The original analysis was spotted on the M15 chart showing a large RSI divergence, However the main analysis was done on H1 graph.
My Reasoning for this short is:
- Large RSI divergence on both M15 and H1 graph.
- Large Supply zone hit where a lot of retracements have been before.
- Strong start rejection in resistance zone.
- MACD crossover forming.
- Lower volume on MACD too.
I believe this will be a larger swing position with 2 positions personally taken both risking 1% combined.
Position 1:
Entry - 91.135
TP - 90.112
SL - 91.650
Position 2:
Entry - 91.134
TP - 89.735
SL - 91.854
Both positions holding a 2.00 roughly RR ratio with risking 1% of capital combined.