AJ Shorts4H Fib,4H key level, previous head and shoulders, strong bearish weekly candle broke structure, this week's candle is retracing to an important key level. Confirmation on lower time frames as well
Audjpyshort
AUDJPY SUPPLY 5mIt isn't too late to get in on this. I see another possible sell entry at bottom of this distribution range, which will be greater confirmation. I just don't see price giving up all of that liquidity (green arrow with $ sign). If the institutions behave like, well, institutions, they will drop to take all that money and can quite possible give a 1:9.
AUDJPY, 4hr tf, textbook example of Elliott WaveWe saw a textbook setup of Elliott wave principle.
Wave-iii stop exactly at 1.618 fibonacci extension and price then retrace for wave-iv.
We could see wave-iv stop retracing any time soon. As price now facing EMA-50 as resistance.
We still need protective stop loss to play it safely so we will use 84.00 as our stop loss because there is where wave-i located.
Sell AUDJPY 83.60
Stop loss 84.00
Take profit 81.70 (4.75R)
Use only 1-2% risk
Good luck
AUDJPY Bullish Flag Breakout DownsideAs we see on the AUDJPY daily time frame Bullish Flag pattern breakout cleanly. We are going to open a short position from the 84.400 price level.
AUDJPY - Still LongPrice has broken above a resistance area and has now retested it, im expecting price to push higher into the monthly resistance area before looking for any short opportunities
Bearish outlook on AUDJPY Hey everyone, here's what we are seeing on AUDJPY, prices are facing bearish pressure from the descending trend line and resistance zone at 84.912, in line with the 78.6% retracement as well. We could be seeing a reversal here.
14 June: AUDJPY could see a bounce hereHi everyone! Looking to play a small bounce on AUDJPY here, in line with our bullish view on the bigger time frames. On the daily time frame, prices are holding above the ascending trend line and we could see a further upside from here. When we look at the H4 time frame, prices are testing the 78.6% retracement as well where we saw a slight bounce above this level. Going down to the H1 time frame and taking a retracement of the last move, we can see that prices are pulling back to the 78.6% retracement where we could see a bounce here, in line with the entry level. Stop loss is placed slightly lower than the previous low and our take profit target is at the -27.2% retracement. What are your thoughts on AUDJPY?
AUDJPY, Looking for further downsideThe market has been corrective for awhile and have formed significant rejections at the key resistance.
Recent momentum is leaning towards bearish as the ascending trendline and minor support was already broken out.
An upside recovery would require the market to find support near 84.71 level and break resistance at 85.1
Key Factors:
- Broken out trendline and triangle with a strong bear impulse
- Price appears to be consolidated and making its way to retest the previously broken out support
- Further downside potentials towards next level of major support
Entry Conditions:
- Selling at previous support ~ current resistance (B) once downside confirmations are formed
- Targeting a conservative downside movement towards 84.00 level and risk managed above the current resistance zone on 1:2-1:3 RRR trade
AUDJPY 06th June - 11th June 2021Price movement forecast for the upcoming week in AUDJPY . Currently, the AUDJPY is in a very neutral position close to a distribution phase (Wyckoff Method). Please take not of the updated COT Data as well! Please, feel free to share your opinion with me.
AUDJPYLooking at the 4hr timeframe, AUDJPY broke the trendline. There was an imbalance after the break in trend, but now it has been filled.Also the last candle before the market closed is a reversal candle.
AUDJPY Is Heading Lower In Five WaveHi Traders,
AUDJPY just completed a 5-3 wave cycle and the price has the potential to head lower in five-wave to complete the sequence.
Wave A is a leading diagonal followed by a double ZigZag corrective pattern in wave B. According to EW theory, the market resumes in the direction of the five-wave sequence once a correction is completed.
Price also retests the resistance level four times, you're just a profit away!
What's your view on AUDJPY? Let me know in the comment.
Thanks for reading!
Ascending within Ascending Channel + Breakout bear Flag entryNot interested in the potential flag forming within this ascending structure but if we get a clear LTF correcting after the breakout. I'm more likely to take it unless the other JPY Pairs are cleaner then I'll choose one from all of them.
AudJpyTrend Bull . Pattern Head and shoulders waiting for next support zone Whats your idea ?? comment Below
💡Don't miss the great sell opportunity in AUDJPY
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.480).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48
Take Profits:
TP1= @ 84.230
TP2= @ 83.970
TP3= @ 83.740
TP4= @ 83.440
TP5= @ 83.020
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AudJpy- 82 is my targetSimilar to its twin sister, NzdJpy, AudJpy is struggling to stay above 84 figure and lacks continuation.
The pair seems to be in for a correction and 82 could be the target for sellers
AUD/JPY SELL IDEAHey tradomaniacs,
welcome to another trade-setup!
AUD/JPY: Swingtrade-Execution
Market-Sell-Order: 84.300
Stop-Loss: 84.750
Point of Risk-Reduction: 83.880
Take-Profit: 83.175
Stop-Loss: 46 pips
Risk: 0,5% -1%
Risk-Reward: 2,5
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
AUDJPY FORECASTAUDJPY price coming near to resistance and breakout is expected downwards as the resistance seems prommising. this is a forecast will share another idea before getting into this one
Aud/Jpy Long or fake ?Aud / Jpy refuses to go down, although on larger timeframes it should have been a long time ago. So what we can expect on smaller timeframes is to come to the retest above. We have marked 2 buy positions for you.
