Audjpyshort
AUDJPY possible short analysisLooking to sell AUDJPY at the orderblock, 2nd mitigation type entry short, waiting for possible London or New York session to wipe Asian High tapping into the orderblock before continuing to downside. Possible FULL take profits (TP) levels just above local lows, with partials along the way.
AUDJPY - SHORTAfter a few days of crazy fluctuations in price it looks like AUDJPY is heading for its resistance zone in a flag type pattern. I predict two options from here, either its going to consolidate and continue bullish - or most likely - we are heading for a short consolidation and a gradual bearish run.
AUDJPY - Short BiasAfter a 5-wave decline from 95.74 to 90.46, the pair is correcting in a 3-wave pattern. It is not clear whether the correction is over or one more upwards leg is on the cards, but I prefer to play this from the short side as long as we trade below 95.74. A break above this resistance will make us reconsider our count, otherwise we expect a large decline, through 90.46 towards 89.00
DeGRAM | AUDJPY short opportunityAUDJPY is currently testing a significant resistance level 94.000.
That level was tested multiple times, and it's still holding price.
We can see the price being rejected and it might move down to previous support levels.
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Audjpy weekly forex analysis with trading strategy for 02-05-22Audjpy weekly forex analysis with trading strategy for 02-05-22
In the recent times, i have been trading more of aussie pairs. from 2 weeks ago, a 100+ pips sell on audusd shared here video
analysis on YT. Last week, audusd and audcad sell analysis which is still doing massively fine. For this coming week, My selected pair from my watchlist is the audjpy for a SHORT.
Fundamentally, in the past week, interest rates from the Bank of Japan (BoJ) was unchanged, on tuesday the 3rd of may, the Reserve bank of Australia will announce interests rate which may affect the Aud as the interest rates is forecasted to be increased. Nonetheless, if the interest rate from the RBA is increased to my forecasted rate of 0.25%, i would still consider a short trade.
Technically, explained in the video analysis, Audjpy was initially in an uptrend printing higher highs and higher lows then followed by a massive rally to the upside signaling the presence of massive institutional 'Buys' pushing audjpy to an overbought level. After the move and watching closely, audjpy, started changing direction on the 4hr timeframe breaking structure to the downside and created unfilled supply zones as shown in the screenshot above. this was after price failed to break a major supply zone above.
Audjpy further printed a SHOOTING STAR candlestick pattern on the weekly chart followed by a bearish week.
After all these, I am considering a high probability sell scenario for the audjpy with an entry strategy shared in the video analysis of this content.
Let's go take some risks, let's go make some money. regards.
Preshus, Millionaire logistics
Daily AUDJPY Premium Signal For Monday 02April was a great trading month with over 800pips. We hope to go beyond this achievement in the month of May. Now back to our signal for Monday. Technically after a break of 92.487. We remain short below this level for a target of 30-50pips. Good luck trading.