LONG AUDJPYAUDJPY just printed a A+ setup. Anticipating price to move as it taps into the fair value gap.
Target is nearest hanging fruit as quick exit door as price might reverse thereafter.
Trade safe.
AUDJPY trade ideas
AUDJPY is in uptrendAUDJPY is in uptrend making higher highs and higher lows, currently price has taken a correction making a perfect scenario of entry.
THE ONLY WAY TO AUDJPY STRUCTURE TRADINGthe structure of AUDJPY since 2007 ,the floor and the roof is noted ,the strategy focus on the invalidation of structure and possibly retest.
the price action on monthly pays close attention on the close of monthly candle,as we dont want to see the body of a candle break and close below our trendline either as SR(support/resistance) or RS(resistance/support).
AUDJPY is bullish based on the structure and on lower time frame we will be looking for buy levels.
Swing trading inducement (Are you patient enough?)The monthly timeframe just induced a key supply/resistance zone
The recent 1Month swing low is now the target
The daily shows a clear impulse to the downside the. I want to see the high get taken out before I consider opening a sell order.
If this point is taken out, not only early support and resistance/supply and demand traders are taken out but new buyers are interested
Sell entry will based upon what looks like a reaction/sign on the intraday timeframes for buyers to enter.
AUDJPY - Divergence backed Breakout AUDJPY broke out of descending trendline after printing divergence on Awesome Oscillator. Price is retesting a key support zone from where it had a good bounce in the past. Seems like we are in for trend reversal.
AUD/JPY LONGCorrelation with USD. Stronger economy. Q3 higher inflation than Q2. Oversold since August.
Overlap support ahead?AUD/JPY is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and bounce from this level to our take profit.
Entry: 99.77
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 98.59
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Take profit: 101.29
Why we like it:
There is a pullback resistance level.
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AUD/JPY Short Setup - 2.25 RR Trade IdeaI’m looking to short AUD/JPY on the 1H timeframe, with confluence from both the pair’s price action and the JPY basket breaking a key trendline. Here’s the setup:
Entry Strategy: After rejecting a key resistance at 100.663, I’m waiting for a confirmed closure below this level before entering. The plan is to enter on a retracement back to around 100.531, aligning with the resistance.
JPY Basket Confluence: The JPY basket has also broken a significant downward trendline, indicating potential JPY strength. This adds additional confirmation for the short idea on AUD/JPY.
Stop Loss (SL): I’ve set my stop at 101.276, just above recent highs and above the resistance, which gives a buffer of +74.5 pips.
Take Profit (TP): TP is placed at 98.858, targeting previous lows and key support, offering a solid 2.25 risk-reward ratio and a potential gain of +167 pips.
With both the technical structure on AUD/JPY and the JPY basket confirming potential downside, this trade presents a great opportunity to capture a move lower. I’ll be watching closely for the retracement before entering.
AUDJPYCurrently in AUDJPY on the daily timeframe price took out the previous day high and closed below it, and on the 4HOUR price took out the previous candle range high.
Seeking to fade into AUD/JPYA prominent bearish outside / engulfing day formed on Friday. Moreover, it failed to hold above the 200-day MA and closed the day back below the 100 handle. And its high almost perfectly respected the high-volume node (HVN) from the July high to August low.
A bullish trend has developed on the 1-hour chart after the initial selloff found support around a 38.2% Fibonacci level. However, we're now seeking signs of weakness around the daily R1 pivot, or 10 handle resistance zone for a swing trade lower (given the strength of the bearish engulfing candle on Friday).
The daily S1 and S2 pivot point around 99 and 98.50 respectively are downside targets for bears to consider.
MS.
AUDJPY Short Position4H Trendline Break: The break of a significant trendline on the 4-hour chart suggests a potential reversal in trend from bullish to bearish. This is a key signal that the buying momentum may be weakening and selling pressure could increase.
Break of Higher Low (HL): The break below a higher low is an indication that the uptrend has been invalidated, and the market may be entering a downtrend or a corrective phase.
New Lower Low (LL): The formation of a new lower low confirms the transition into a bearish trend. This is a key signal for entering a short position, as it reflects increased selling pressure.
Entry: Place a sell stop order at the new lower low (LL) point. This will ensure you enter the trade if the price continues to decline, confirming the bearish momentum.
AudJpy Trade IdeaOn the 29th of September I sent out a short set up for AJ. I stated how price was in a range between 100 and 94. After price respected resistance at the 100 level we could see a huge rejection candle giving us the break of structure. AJ did the retest level I wanted to see price pullback too but price is bullish for the retest so I personally would need to see price shift bearish to confirm the push to the downside. If all goes well we could expect price to drop back down to 94.
AUD/JPY Faces Strong Support Near 98.00AUD/JPY Faces Strong Support Near 98.00
On Friday, the Japanese yen surged as Shigeru Ishiba won the leadership race to become the next Prime Minister of Japan.
The initial market reaction was a quick sell-off in the AUD/JPY pair.
However, it will take time for Ishiba’s government to show a clear impact on the economy.
Currently, the AUD is demonstrating strong buying interest near the 98.00 price zone. If the price manages to hold above this area, we may see AUD/JPY rising again.
Key resistance levels to watch are near 99.10 and 99.80.
According to the price development AUDJPY may also test the top again near 100.70
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUDJPY(Sell)Turtle soup and Smart Money Concept Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.
Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily)
STOPLOSS :- above or below recent swing High
1st TARGET :- Book profit 50%
2nd TARGET :- Book profit 25%
3rd TARGET :- Book profit 25%
Consisitency and hard working is the key of success.
KEY OF SUCCESS :-
*) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle.
*) Do not take risk more than 1% of Equity.
*) Take Profite Should be More then 2% of Equity .
*) Book 50% profit of running trade first and remaining 50% hold for long term.
AUD/JPY UPDATE**AUD/JPY Faces Sharp Rejection at 100.00: Bearish Momentum Set to Test Key Support**
The AUD/JPY pair recently attempted to breach the critical psychological barrier of 100.00, but this move turned out to be a classic fake breakout. After briefly touching this significant level, the market swiftly reversed, with a prominent bearish candle signaling a rejection of the resistance zone. This failure has reignited selling pressure and suggests that the market’s bullish momentum is faltering.
In recent weeks, AUD/JPY has been trading within a broad range, oscillating between the support at 93.00 and resistance at 100.00. With the recent rejection near the top of this range and the subsequent break below the upward trendline, the technical outlook has shifted decisively bearish. The break and close below the trendline is a crucial signal, indicating that the previous bullish structure is no longer intact, and sellers are regaining control.
Given this setup, we are likely to witness a sharper decline in the coming sessions, with the market potentially heading towards a retest of the lower end of the established range. My immediate target is the key support level at 96.20, which could act as a temporary floor before further downside or a potential reversal. This support zone is critical, as it aligns with historical price reactions and could either trigger a bounce or open the door to deeper corrections.
To sum up, the rejection at the 100.00 level, coupled with the break below the trendline, points to increased bearish momentum in AUD/JPY. A retest of the 96.20 support level seems likely in the near term. Traders should monitor this zone closely for clues on whether the bearish momentum will persist or if buyers will attempt to defend the support and push prices back towards the upper end of the range.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
AUD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
AUD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 93.198 area.
✅LIKE AND COMMENT MY IDEAS✅
AUDJPY SELL SETUPPrice had a strong bearish rejection forming strong bearish price action on the daily and 4hr. Now on this pull back or retest I am looking to catch the next wave down!
Today's Episode of What's Flowing: Bullish and Bearish HighlightWATCH NOW
In today’s episode of What’s Flowing, we dive into exciting market movements across the crypto space and FX pairs.
Tune in for actionable insights and strategies to help you navigate these dynamic markets. Whether you’re riding the bullish wave or preparing for potential downside, today’s episode covers it all!
WHATS FLOWING: SOL | ETH | UNI | CRV (SWING) | AVA (LC) | AUDJPYIn today’s episode of What’s Flowing, we dive into exciting market movements across the crypto space and FX pairs.
Bullish Sentiment:
Solana (SOL):
Solana has been riding strong momentum with increased investor confidence in its ecosystem. We’ll discuss key levels and why the bulls seem to be firmly in control.
Ethereum (ETH):
Ethereum is also showing strong upward movement as developers continue to expand its use cases in decentralized finance (DeFi). We explore the technical indicators pointing to further gains.
Uniswap (UNI):
Uniswap is gaining traction as the leading decentralized exchange, driven by an uptick in DeFi activity and increased trading volume. We look at how this token is benefiting from the broader bullish market sentiment.
AUD/JPY:
In the forex market, AUDJPY is showing bullish potential with positive risk sentiment supporting the Australian dollar. We’ll examine what’s driving this currency pair higher.
Bearish Focus:
Curve DAO Token (CRV):
Curve DAO Token is facing some headwinds in the DeFi sector. We’ll discuss why CRV is showing signs of weakness and how traders can capitalize on the bearish momentum.
AVAXUSD Liquidity Cascade:
Lastly, we highlight the high probability of a liquidity cascade in AVAXUSD, which could present a significant shorting opportunity. We’ll break down the risk factors and why this token might see further downside.
Tune in for actionable insights and strategies to help you navigate these dynamic markets.
Whether you’re riding the bullish wave or preparing for potential downside, today’s episode covers it all!
Audjpy Sell signalDisclaimer:
Trading forex on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. The leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. It is only suitable for those people who understand, and are willing to take on, the financial and other risks involved, and who have the resources to withstand losses that may be significantly greater than any deposits you have made. Before participating in the FX markets, you should carefully consider your investment objectives, level of experience, and risk appetite.
look for the C wave! #audjpy#AUDJPY has made an A and B wave correction already for this 240min impulse.
Strong bearish indication of a trend continuation for the impulsive C wave in this what appears to be ABC correction.
Look for trend continuation setups on the lower time frames and watch for the bottom of A for reversal!
Buy Confluence: Buy AUD JPY
On the daily timeframe AUD JPY is rallying on a bullish convergence of intersecting EMA's and price is just breaking above the anchored VWAP.
As price is up over 1% today it would probably be best to wait for a pull-back in price to buy.
AudJpy Trade IdeaAnother possible short set up for the week is gonna be AJ. AJ has been in a clean range between 100 and 94. Last week price ended those bullish structures after respecting the resistance. I'll be looking for a retest to confirm the flip of structures to the downside. Looking for a 1:3rr on the set up.
