AUDJPY shortPrice is currently going for a retest into the resistance zone, also to fill the imbalance caused by the impulsive move, after which we should see a sell to the next support zone which is over 100 pips
Audjpyshort
AUDJPY - Look for a long position ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement to fulfill the imbalance lower and then to reject from bullish order block + trendline + institutional big figure 98.000.
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GBP-JPY - BULLISHGBP-JPY - BULLISH
Our ascending triangle was broken above, and now the previously resistance zone is confirmed as support zone.
AUD-JPY - Ascending TriangleAUD-JPY - Ascending Triangle
Bullish on this chart, a break and confirmation above this level, open the door for the next resistance.
AUDJPY BULLISH SHORTWe can see that AUDJPY has consolidated on thr previous 10 candles on our H1 and has failed to break from the structure.
Our pair has tested the FVG already and has been consolidating in our Order Block.
Now we see a bullish being created and we are expecting about 72 pips profits.
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AUDJPY - Upside move ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect continuation of bullish price action as price rejected from bullish order block + FIBO 0.618 level. My target is imbalance higher.
Fundamental news: This week on Wednesday we have news on AUD, will be released yearly CPI, which has high impact on currency.
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AUDJPY ShortMARKET PHASE
OANDA:AUDJPY is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 97.852. Price is likely to retrace to this level before continuing downwards.
TRADE
I will be entering short on OANDA:AUDJPY with the following parameters:
Sell Limit: 97.852
Stop Loss: 98.002
Take Profit: 97.552
AUDJPY - Short to the imbalance ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here I expect bearish price action as price almost filled the imbalance and rejected from bearish order block + institutional big figure 98.000. My target is the imbalance lower.
Fundamental news: Tomorrow we have news with high impact on AUD and JPY, we will see results of Interest Rate, so pay attention to the results in order to validate the analysis.
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audjpy daily outlookI got this chart like it is going to complete a wadge pattern probably. now I can say it's a valid pattern in terms of a minimum 4 touches...but of course, it is not the complete confirmation you have to wait for less momentum if you see that pattern which can give a sell signal. then you have to wait for a valid breakout.
Reminder:- keep in mind that no matter how good your signal or A+ setup...anything can happen market has the right to go against your analysis or your position.... That is why risk management is the main protector of you and your account. thank you
Short trade on AUDJPY 4H TFAs we can see the market is in down trend so we are taking advantage of it , with a continuation tools that is fib retracement
AUDJPY M30 / Possible Retracement Until the Price of 96.900💲💡 Hello Traders!
This is my idea related to AUDJPY M30. At the moment, the AJ reacted from the FIB level, and most probably, it will retrace till the price of 96.900.
I will look for a short entry in case of confirmation.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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Selling AUDJPY with the trend This is a with the trend and here is why we are selling.
Trend:
W1: Down
D1: Down
H4: Down
Moving Average:
Within the Daily MA
Within the H4 MA
Pattern:
Deep Crab on m30
Strong resistance at 97.50 to 97.70
M15 has a double top and divergence.
Yemi_Fx1 | BEARISH SETUP ON AUDJPY Maintaining a sell bias on AUDJPY based on the presence of a well-defined sell structure.
On the 1-hour timeframe (1HTF) shows the bearish bias is further supported by a potential continuation pattern in the form of an ascending wedge, with price currently testing resistance.
Be aware that today's high-impact Non-Farm Payroll (NFP) data release could cause price to break out of the ascending wedge resistance before moving in it main direction.
I anticipate a potential third touch of the ascending wedge's resistance. If price rejects this level, we can look for a confirmation shorting signal(A flag )on a lower timeframe (e.g., 15-minute chart) to enter the trade.
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AUDJPY ShortDaily chart has seen AUDJPY respecting premium daily levels (rejecting from Daily SIBI).
The idea of this trade is that price has traded up into the daily imbalance, and rejected from it, so I now expect price to seek external range liquidity in the form of old lows on the daily chart.
I want to see bullish arrays get disrespected and bearish arrays respected to then look for m5/m15 bearish displacement for short entry.
AUDJPY Double Top Pattern ShortWe expect further downside on this pair, signalled by a double-top pattern breakout formation. We can also see the breakout of a short-term trendline supporting our directional basis.
AUDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET
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AUDJPY
In AUD/JPY's daily timeframe, a bearish trend appears evident, characterized by a bearish reversal rising wedge pattern formation. Additionally, the completion of Elliott's 5th wave suggests a potential downward movement, typically followed by an ABC correction pattern. This confluence of technical indicators signals a probable continuation of the bearish momentum, with traders likely to monitor for further downside movement in the pair.
Potential Correction in AUDJPY Following Rally Towards High SuppAUDJPY has shown strong performance since early February 2024, experiencing a significant rally from the level of 95.640 to reaching today's high at 99.024. However, this movement has brought the currency pair into the territory of the highest supply level. With this condition, there is potential for AUDJPY to undergo a temporary correction.
Technical Analysis:
On the daily chart, it can be observed that AUDJPY has reached a significant resistance level around 99.024, which is the current highest supply level.
The RSI (Relative Strength Index) indicates overbought conditions, suggesting that this currency pair may have moved too far beyond its short-term fair value.
There is potential for the formation of a bearish reversal pattern such as a double top or shooting star around the current supply level, adding validity to the correction prediction.
Projection:
Taking into consideration the above factors, AUDJPY is likely to undergo a minor correction towards the level of 97.737 in the coming sessions. This could present an opportunity for traders to take short-term profits or to seek entry points for short positions with correction targets. However, it is important to monitor market developments closely and set appropriate stop losses to manage risk effectively.
AUDJPY Bearish (Double Top, Divergence, Strong Resistance)AUDJPY script shows strong bearish biased based on (1) Double Top, (2) 1h & 4H Divergence, (3) Daily Strong Resistance and (4) >90% short sentiment (MyfxBook). Trade plan shows a sell stop at previous HL, Stop loss @ HH and TP1 and TP2 at 1:1 and 1:2 based on fib 50%
What do you think guys, will it work?
AUDJPY - Analogous to NZDJPYAt first I thought it's impossible to close above November high, but NZDJPY was showing a new high should happen. Interestingly, what happened to NZDJPY applied to AUDJPY as well.
This is more based on fundamental, as I am eyeing a global index drop, and also JPYBASKET seems a good buy. The weekly trend also suggests JPY is at an extremely undervalued position, thus it deserves a try.
Eyeing 92 for first wave, and let's see what happens.
Keigu,
