AUDJPYprice reaches fibo 261 and it could bounce to 224 fibo=88.500 and may go south further to 161 fibo= 86.300
Audjpyshort
AUDJPY | RISING WEDGE AUDJPY has been trading in a rising wedge formation and currently it took a beating from the top of the wedge. We are expecting price will drop almost 100 pips from here to the bottom of the wedge.
Alternatively, breaking above will call for more bulls in the party and pair can trade to ATH
Trade your levels accordingly.
AUDJPY ShortAUDJPY has had a big pull upwards and is looking to take out a monthly doji where liquidity is being held. We expect price to hit this point and reject; moving in the opposite direction. JPY has set a new low on the daily momentum meter, despite the monetary policy it released and the fundamentals surrounding JPY, it is due a pullback. AUD has been strong a while and set to lose some of that strength. We will be waiting to see a bearish daily candlestick that looks appealing and taking the trade upon pullback after that candlestick presents itself.
R:R 1:13:2
GL.
AUDJPY SELL Hi fellow traders, the bigger flag pattern has completed on AUDJPY. Look for a move down from here and target the previous low. Goodluck!
AJ Short tradeMarket has entered area of resistance plotted from the daily chart. Market on the 1hr has already entered that zone once and got pushed down. Market is currently in the area of resistance again, forming a possible double top. Currently my stoch oscillator is OB (this is the indicator I use for overbought and oversold situations), waiting for my MACD line to cross under the signal line, then looking for an entry reason. Just my analysis, trade with caution and use proper RR.
AUD/JPY Full Analysis , 2 Scenarios With Daily Confirmation This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDJPY | The best scenario for correction📝Hello traders , AUDJPY in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this symbol, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5,
As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
... Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this recent ascent is for Wave 5 of 5.
Wave 5 of 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed. Wave a is currently an expanding leading triangle that is inside wave 5.
To complete this, wave 5 must make a slightly higher upward move than the end of wave 3, and this move was confirmed when the trend line was broken upwards in the previous analysis.
Now the ratio of waves 1 to 3 from a to 5 is equal to Fibo 1.00 for wave v and we expect correction.
In the first stage of this correction, we consider the black channel floor and in the second stage, the orange channel floor.
We still have the mentality that it is inside the 4 main wave, this wave is probably formed in the form of a triangle, and this decrease that we think will occur is related to the e wave of this triangle.
If Fibo 1.00, ie the range of 85,500 is broken upwards, we should not insist on starting this correction.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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long AudJpythe general tend is bullish and we can make use of the current price discount to revisit an 86 price zone .
this scenario cancels if the price goes up 86 before revisiting a price zone of 83.5
AUDJPY | Double Top?AUDJPY | Double Top
AUDJPY has reached the important area which makes double top pattern in the pair. The price can retrace to the recent support which is around 83.800 area.
If Bulls manages to close above the resistance area (86.000) the pair can print new highs.
Trade your levels accordingly.
BearishNow currently price is retest trendline before fall low high,from here we can see few times got rejection.
AUDJPY | Perspective for the new weekThis is going to be a short one as the daily chart explains the interaction between the sellers and buyers in the last 10-months.
With a simple supply and demand structure identified on the daily timeframe, I am of the opinion that we might be witnessing a short term downside for the Aussie in the coming week as the JY85.600 area reflects a strong memory for selling pressure (May and October 2021).
Tendency: Downtrend (Bearish)
Structure: Supply & Demand
Observation: i. It is a wide range of consolidation phase since May 2021 as price oscillates within JY86.000 and JY78.400 (approximately 700pips in 10months)
ii. Connecting a series of prices with a line drawn above pivot highs on the monthly chart shows the prevailing direction and speed of price in the last 8 years.
iii. The supply zone appears to share a confluence with the bearish trendline identified on the monthly chart hence I shall be looking for a significant reversal structure to plan a selling opportunity in the coming week.
iv. Key level at JY85 shall be my yardstick for sell continuation... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 250 pips.
Risk/Reward : 1:6
Potential Duration: 7 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored... I shall be sharing a video of how I am going to take advantage of this trade if the price goes as planned on my new jou tube channel.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDJPYConsoldiation downwards. Low risk since its best to trade trend or pull back not consolidations. Use tight sl.
AYDJPY will go short I'm new in trading and that's my analysis for AUDJPY and I think that will go short to the near support level soon. I'm not predicting the market move ..trade on your own risk ..but I want to know your opinion about the markets moves...I'm not still familiar with this website … wanna have new traders as my friends.. plz support me if you want more technical analysis about forex markets
AUDJPY, Clear price action for a SellHi Traders,
Price action looks bearish as we are forming a double top near the top of HTF channel. Price has made multiple corrections within that structure which may give us an opportunity for short. I am looking for a strong reversal Impulse followed by a correction before entering.
What's your analysis on this pair? Share a comment below and let me know.
Click the like button if you agree with this idea!
Trade Safe!
AUDJPY OHLC (SELLS) MONTHLY STRUCTURE (MARCH 2022)AUDJPY OHLC (SELLS)
MONTHLY STRUCTURE
(MARCH 2022)
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Monthly Structure for AUDJPY is OHLC (SELLS).
A resistance will be formed the minute tdi Priceline and bloodline cross. Patience. Long term runner Tp must be set at the Daily Open 83.507 . Price is slowly getting into the sell pressure zone. Waiting on a tdi cross to confirm the presence of sellers in Markets.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
AUDJPY 15 Min VWAP/RSIAUD/JPY Lossing strenght near top of current VWAP and RSI is over 70, ready for a short!
AUDJPY | GO SHORT!!AUDJPY after completing harmonic pattern of AB = CD makes a correction and price moves back to retest the resistance zone. Currently price action suggests bearish trend as it is making lower highs and lower lows. To negate, the pari has to break the recent resistance and trade above it.
Trade your levels accordingly.
AUDJPY Will Fall !!AUD-JPY will soon retest horizontal resistance level at 85.17after forming a descending harmonic pattern
Which makes it trend downward
So I expect a drop from the current levels
Towards the level of demand below
Big Short Upcoming on AUDJPYAfter the long wait I'm back publishing my ideas on this great platform!
For this trade we are relying mostly on price action as this pair is known for having a strong correlation to price action rather than indicators.
After the massive Bull run of AUD, we can finally see the sellers coming in at around 85.427. This is a significant area of interest as the price has been largely rejected here before.
I have also identified a Head and Shoulders pattern on the weekly time frame confirming a sell.
I have my Stop loss and Take profit on the chart however I have already placed my Stop loss at break even to make the trade risk free.
I expect a Sell to the support area of 81.877.
*** THIS IS NOT FINANCIAL ADVICE ***
AUDJPY(Possible Reversal)We can see Audjpy on a strong Resistance level, and if it breaks below 84.223 we might see a bearish for Audjpy this week.
AUDJPY SHORTAUDJPY is near the sell area!
With 1:2 risk reward ratio, i think this is the best setup we can have!
AUDJPY SHORTClick on the Follow Button For More Daily Detailed Analysis.
Here we have our AUDJPY chart.
We looked previously at short Zones and took gains on Fast falls. We can now look short amongst the current price rejection and move to the south side.
We can exit at the first level of Strong support where we expect buyers to move into the market.
AUDJPY | Harmonic PatternAUDJPY has completed its AB = CD harmonic pattern. We are expecting bearish reversal from here and candles also hinted bearish trend.
Alternatiely, breaking above will results bullish continuation.
Trade your levels accordingly.
