Audjpysignal
AUDJPY (MONTHLY) | LONG TERM SPECULATION*Price action is presently hovering around the 70.000/72.000 zone which is a major support.
*Also, put into consideration that price has been consolidating between this support @ 70.000 and resistance @ 90.000 zone since 1996.
*However, if the price breaks the 70.000 zone; we might be looking at a downward rally to test support @ 55.000 (which also happened in 2001 and 2009) and if price rejects this 70.000 zone, we might be looking at a consolidation into the 90.000 zone.
*We are at a crossroad and important that we keep watching the character of the price at the present zone (70.000/72.000) before making any execution.
*Lower time frame speculation shall be published as we continue to monitor price action in the present zone.
Sell AUDJPYAUDJPY
SELL
SL: 75.610
TP: 74.770
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POTENTIAL BULLISH MOVE ON AUDJPY We have AUDJPY Showing bullish potential. Price has moved up bullish and met some point of resistance where we may see price retrace to the price level i have marked with the grey horizontal line. From this point, we may see price move up bullish to the price level i have marked with the green line which would be our take profit.
Risk on this trade - 1%
Risk to reward ratio - 1:2
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AUDJPY Harmonic AB=CD Pattern Analysis and StrategyHere is an updated chart on showing the completion of an AB=CD harmonic pattern on the 4 hr chart. Price action has found support at the completion of the pattern (the blue zone). Price has reached a major weekly support zone as well (red zone) signaling a reversal to the upside, therefore our strategy is to trade the reversal. FX:AUDJPY
AUJJPY H1 SHORTGARTLY FORM ON AUDJPY H1 OUR PREVIOUS SIGNALS NZDJPY BUY AND GBPJPY ARE IN VERY GOOD PROFIT
100D EMA+ Broken resistance= BUY if 78.25 holdsAfter months of consolidation, AUDJPY broke out of the range last week and currently it's pulling back.
I have indicated the resistance with an orange line. Right now price is retesting the line.
Also,we have the 100D EMA around 79.30 which can support the price.
If AUDJPY manages to bounce back up from this line, it would be good for traders to BUY between 79.30-79.50 with SL below
79.20. TPs can be set at 80 and 80.61 respectively for such trades.
For more signals, ideas, and analysis, check out my signature at the bottom of this page.
AUDJPY: Return of Risk On Trades?AUDJPY
Timeframe: 1D
Direction: Long
Confluences for Trade:
- Price action bouncing off Support of Parallel Channel
- Stochastic Oversold momentum (D1 and W1)
- Wide gap between EMAs
- Price action created a double bottom around Parallel Channel support line
- Fundamentally, there is positivity in sentiment moving into the coming 2019 which will see a dollar weakening scenario and AUD will gain from positive sentiment from global outlook being moderate instead of weakening tremendously.
Suggested Trade:
Entry @ Area of Interest 77.45 - 78.45
SL: 76.81
TP: 80.44
RR: Approx. 2.18 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
AUD/CAD BearishAUDCAD, Volume not supporting to push prices higher, this is distribution zone for selling.
AUDJPY - Short OpportunityPrice is in a strong downtrend in higher periods, found a resistance area along with a downtrend line, leaving us a strong bearish pin-bar. Price broke the consolidation at lower time-frames to the down side, came back to the retest, and is now, possibly, starting a new fall. I`m going short after the price loses the lowest price of the last 4h candle.
AUD-JPYA close of AUD-JPY above the blue trendline will give a bullish signal with the first target in the area 81.80/82.10 and the second one in the area 83.20/83.70. Stop loss at 78.40/78.50.
AUD/JPY shortFX:AUDJPY On H4 chart price bounced resistance area. Sell signal: bearish engulfing. Looking to going down. Selling is now good option.
