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AUDJPY trade ideas

AUD/JPY: Bearish Reversal in Play, A Long Downtrend Awaits?Hey Realistic Traders, OANDA:AUDJPY has no chance for a Bullish Outlook? Let's dive into the analysis... After a prolonged consolidation phase, the Aussie Yen has once again traded below the EMA-200 line, forming a new lower high along the way. This bearish signal marked the beginning of a continued downward movement, which was further confirmed by a breakout from a rising wedge pattern. Such breakouts typically indicate strong bearish momentum, especially when accompanied by multiple bearish marubozu candlesticks. Further strengthening this outlook, a falling wedge breakout occurred on the JPYBASKET, signaling a continuation of its prevailing bullish trend. This divergence between Aussie Yen and JPYBASKET adds weight to our bearish analysis. Considering these strong technical signals, the price is likely to move downward toward the first target at 94.651 or potentially the second target at 93.716. However, this bearish scenario depends on the price staying below the critical stop-loss level at 98.478. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. "Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Aussie Yen".
Short
by financialfreedomgoals101
2
Trading Plan: AUD/JPY Monthly Sell Opportunity ### **Trading Plan: AUD/JPY Monthly Sell Opportunity** #### **1. Market Analysis** - **Timeframe:** Monthly - **Trend Direction:** Analyze the previous 12-24 months' candles to determine the dominant trend. - **Key Levels:** - Last Month's High (LMH) - Last Month's Low (LML) #### **2. Identify Key Levels and Defense Zone** - **Last Month’s High:** Mark the high of the previous monthly candle on the chart. - **Fibonacci Vibration Grid (FVG):** - Use the Fibonacci retracement tool from the recent swing low to swing high or vice versa to plot the FVG levels. - Look for overlapping FVG zones above the last month’s high. - **Defense Zone:** - This is a resistance area formed by overlapping FVG levels and key price action zones. - Ensure the defense zone aligns with institutional order blocks or liquidity voids. #### **3. Entry Conditions** - **Sell Trigger:** - Price must enter the area above last month’s high and into the identified defense zone. - Confirmation via bearish price action patterns (e.g., bearish engulfing, pin bar, or inside bar formations). - Look for rejection or significant wick formations in the defense zone. #### **4. Risk Management** - **Stop Loss (SL):** - Place the SL slightly above the defense zone or the nearest swing high. - **Take Profit (TP):** - Set TP levels using: - Last Month’s Low (LML) as the primary target. - Extend TP to key support zones below LML if momentum supports further downside. - **Risk-to-Reward Ratio (RRR):** - Maintain a minimum RRR of 1:3. #### **5. Additional Confluences** - **Last Line of Defense (LLD):** - Identify the LLD as the highest resistance point above the LMH where price may reverse. - Ensure it coincides with the FVG overlap and an institutional order block. - **Volume Analysis:** - Use the Volume Profile or On-Balance Volume (OBV) to assess institutional activity in the sell zone. - **Indicators (Optional):** - RSI divergence: Look for bearish divergence when price approaches the defense zone. - Moving Averages: Check for alignment with the bearish trend. #### **6. Execution Plan** - Wait for price to approach and react within the defense zone. - Observe confirmation on lower timeframes (e.g., daily or 4H) for better precision in entries. - Scale into the position if the market provides multiple rejection points within the zone. #### **7. Monitoring and Adjustments** - Reassess the trade if price closes above the defense zone on the monthly timeframe. - Trail the stop loss using key resistance levels or moving averages if the trade moves significantly in your favor. ?
Short
by Asif_Brain_Waves
Heading into 61.8% Fibonacci resistance?AUD/JJPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 98.15 Why we like it: There is an overlap resistance that lines up with the 61.8% Fibonacci retracement. Stop loss: 98.70 Why we like it: There is a pullback resistance level that is slightly above the 78.6% Fibonacci retracement. Take profit: 96.91 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bearish drop off pullback resistance?AUD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 98.53 Why we like it: There is a pullback resistance level. Stop loss: 98.90 Why we like it: There is a pullback resistance level. Take profit: 97.854 Why we like it: There is an overlap support level that is slightly above the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
AUD/JPY Reversal: Targeting 102.000 from 96.900 AUD/JPY has recently shown signs of exhaustion at lower levels, signaling a potential reversal from the 96.900 level. Here’s a detailed breakdown of why this setup presents an attractive trading opportunity: Technical Analysis: Key Support Zone: The 96.900 level has proven to be a significant support area historically, as seen from previous price reactions. The pair has bounced strongly from this region multiple times, indicating the presence of strong buying interest. Bollinger Bands: The price is approaching the lower Bollinger Band on the daily timeframe, which often serves as a dynamic support level. This suggests a high likelihood of mean reversion toward the midline or upper band. Fibonacci Levels: Applying Fibonacci retracement from the recent swing low to the swing high reveals that 96.900 aligns closely with the 38.2% retracement level. This confluence strengthens the case for a reversal. Trendline Analysis: A rising trendline drawn from the March 2023 low intersects near 96.900. The trendline has been respected multiple times, indicating its significance. Divergence on RSI: On the 4-hour and daily charts, the RSI is showing bullish divergence, with the oscillator forming higher lows while the price forms lower lows. This often precedes a reversal in price. Volume Profile: A noticeable increase in volume near the 96.900 region suggests accumulation by institutional players, further reinforcing the support level's validity. Fundamental Drivers: Risk Sentiment: The Australian Dollar, being a commodity-linked currency, is often influenced by global risk appetite. Any improvements in risk sentiment could boost AUD demand. Japan's Monetary Policy: The Bank of Japan’s commitment to its ultra-loose monetary policy may continue to pressure the Yen. This divergence in monetary policies between the RBA and BoJ supports a bullish bias for AUD/JPY. Economic Indicators: Strong economic data from Australia, particularly in the employment and commodity sectors, could act as a catalyst for further upside. Target and Risk Management: Entry Point: Look for long positions near 96.900, ideally after a bullish confirmation (e.g., a pin bar or engulfing candle on the daily timeframe). Take-Profit Levels: First target: 98.500 (psychological level and minor resistance). Final target: 102.000 (major resistance zone from previous highs). Stop-Loss Placement: A tight stop-loss below 96.400 ensures limited downside risk while providing an excellent risk-to-reward ratio. Conclusion: AUD/JPY is presenting a high-probability reversal opportunity from the 96.900 support zone. Both technical and fundamental factors align, making this trade idea particularly compelling. Monitor price action closely for confirmation before entering.
Long
by The_fx_GreyTrader
AUDJPY - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D and 1W key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
AUDJPY Buyers In Panic! SELL! My dear friends, AUDJPY looks like it will make a good move, and here are the details: The market is trading on 98.841 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 98.129 Recommended Stop Loss - 99.245 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1