Audjpyshort
AUDJPY Megaphone topAs per the chart plan, the plan is to sell a megaphone top. As always, looking for entries that could consider themselves potential key turning points, not going to call them high probability trades, they never are, it's only good money management and pure grit (look at my other posts avast and deliberation or frustration at points!). Relaxed on lot size, not to oversize, setting testers lots. A recommended read is "Reminiscences Of A Stock Operator". Otherwise, assessing the market environment as it stands, at the moment the sea is calm because of holidays. Eitherway good luck, look for good classic patterns (as this one is, megaphones are great) and trade on the right side of them! Recommend anyone who wants to learn more about trading to also study the freely available info on Wyckoff & John Bollinger.
Possible +700 PIPS on AUD JPY OPPORTUNITY According to Possible A head and shoulders in formation mixed with a price action
We have an clear convergence on CCI , Price below Level Zero
best entery Zone Sell is on 78.800 after breaking the neckline
We can enter sell from now 80.500 with SL 81.000 TP 71.800
Wait for confirmation signal and sell opportunity with AUDJPYH4 time frame.
Structure: Downtrend.
A divergence signal and a double top reversal pattern appeared.
Wait for the falling price to break the Key Level at 80,500 and have a confirmation retest signal, then look for selling opportunities.
The profit target is the price zone 78,800 and 77,000.
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Wish you all have a good trading day!
AUDJPY Head & Shoulders - Daily TimeframeAUDJPY Head & Shoulders - Daily Timeframe
AUD High Impact News Releases:
HIA New Home Sales - Tuesday, December 14th 00:00
New home sales in Australia are based on poll results derived from state-wide estimates applying weights based on financial year market shares of private residence commencements. The previous release was 11.1 and the consensus for the upcoming release is 3.2.
NAB Business Confidence - Tuesday, December 14th 00:30
The National Australia Bank's poll of market confidence is based on a telephone survey of around 600 small, medium, and large non-agricultural businesses. A simple average of trading, profitability and employment indicators stated by respondents for their selected businesses are used to generate the surveys estimates for business conditions for the upcoming release. The previous release was 21 and the consensus for the upcoming release is 23 with 26 being the ATH (All-Time High) since 2018.
AUDJPY interesting patternThis is a pretty interesting setup.
Price tends to hunt liquidity and in this
case we have a double head and shoulder
pattern.
So are we going to complete the smaller
head and shoulder to capture liquidity
below the push up to capture
liquidity on the top and form the
bigger head and shoulder pattern?
Your guess is as as good as mine
Best is to wait for next week
AUDJPY | The best scenario for climbing📝Hello traders , AUDJPY in daily timeframe , In this currency pair, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5.
As we said in the previous analysis, we considered wave 5 as a progressive triangle, and from this triangle, 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, we consider the same scenario and expect to start climbing for Wave 5.
If the support of the downward warning signal is broken, the wave count will be fielded and the form of wave formation will change.
🙏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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AUDJPY Plan SHORTDon't forget to make sure you click on the follow button to see daily professional analysis,
Here is our AUDJPY chart,
We have seen a huge recent rally which we hit our targets on.
On this move up price is now higher and we can begin to get short.
Price direction is NOTED by our directional arrows.
#AUDJPY-LONG-There are two possible entries depending on wgen #jpy index reverse.
-At the moment we can expect price to drop more down to the area of previous low which will make a possible double bottom.
-And the second option is a mitgation area where price might go upwards aroudn 100-150 pips and then drop to our safe entry area.
-the chart has entry,sl and tp like a signal but use it as proper chart analysis.
AUDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDJPY SECOND CHANCE NOT TO BE MISSED Please see our analysis off Aud/Jpy above.
This pair has been making some nice movements over the past few weeks and we are looking to further capitalize on this move as they are more clear opportunities to get in on this trade and second and third time.
a) You can look for an initial bounce off our support zone back into the dynamic support. Upon seeing this dynamic support respecting for a 4th time and a clear rejection you can look to enter into this move.
b) We can wait for a nice aggressive move through our support zone and dependent on how aggressive the move is there may be another opportunity to get in. If this move has enough momentum we might sail through this zone and not even look back at a retest and correction into the support turned resistance and you may feel it appropriate to get in if there is good enough momentum. However I always wait for a retest and rejection and if this is not seen it is an opportunity you can choose to sit out and watch it play out.
Whats your thoughts on this pair and my break down? Let me know in the comments below, any and all feedback is always appreciated.
The Fx Chartist
AUDJPY | The best target to climb📝Hello traders ,AUDJPY in daily timeframe ,The wave count for this currency pair indicates the formation of waves 1, 2, and 3, and possibly wave 4.
And now we are in wave 5.
The form of wave 5 is the leading triangle and from this triangle we are inside wave 4, we assume that wave four to Fibonacci 0.88 will be corrected compared to wave 3.
And in this fibo, the ascent for wave 5 starts from wave 5.
If the end of wave 2 is broken, it can be understood that we are still inside wave 4, and if the downward warning sign is broken, this wave count is generally fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️