Audjpytrade
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.
AUDJPY: Potential Short Setup From 76.000Whats up everyone and welcome to this new trading idea!
Ive been quite for some time because of some personal issues, but this is another story! So i just want to feed you guys with another trading setup on the AUDJPY pair.
Price is creating a peak formation high and consolidation for a while, which indicates that something is going on here...
Im looking for shorts around the 76.000 level which will be hit in the near future. We have AUD news in a few hours so lets see if we can get price up there and then down. Risk to Reward on this trade is great!
Catch you guys on the next idea and hope everyone has a successful trading week!
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
Hit that follow button for more analysis! :)
AUDJPY Long Trade IdeaWe have finally seen AUDJPY break out of a huge consolidation. I am waiting for AUDJPY to drop just a little further back into demand which is also where we have broke through our consolidation upside. I think we could see a nice long-term buy all the way up to around 82.000 .
Very clean cut and dry analysis. There is not too much else to really look at with this pair. This is a trade IDEA and keep in mind this may not play out.
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.