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AUDJPY trade ideas

30/10/2024 - AUDJPY LongAUD/JPY - Long Trade Plan Trade Details: Entry: 100.438 (Order Block) Stop Loss: 100.240 Take Profit: 100.630 Risk-Reward Ratio: 1:1 Reason for Trade: Entry is based on an Order Block (OB) identified on the chart, suggesting a potential bounce from this support zone. The plan is detailed in the accompanying chart, including key levels for entry, stop loss, and target. Disclaimer: This is for educational purposes only and not financial advice. Please conduct your own analysis before trading.
Long
by Unknown_Trader007
AUD / JPY DAILY BEARISH MOMENTUM TO FOLLOW ? Description AUD JPY on a daily overall looks bullish , but on a biggger scenario it is an pullback on daily level to 50 % of overall bearish momentum of the pair ( look left a big bearish momentum can be seen Jul to sept 2024. ATM the pair has given us a hint on reversal by two way , first a retracement of 61 % and 50 % on daily TF then followed by a good head and shoulder pattern on 4hr level ,signaling us a potential reversal of the pair. Trade can be taken with bearish confirmation on 4hr and 1hr confirmation . Things i look on markets are Market structure SWING IBOS - Break of structure and change of pair character Fractal structure to trade on 4hr and 1hr
Short
by rubinGrg
5
Looking to trade the distribution phase model 1price has been ranging for long enough, after the manipulation of the weekly FVG and close back inside the CLS range I expect the distribution phase to the 50% of the range. This would be my target, Im not in the trade yet. Want to see at least a small pullback. The goal of this post is to show you briefly my unique method of reading the market by understanding CLS. Let's put it all together 🧩 📍HTF Level - Weekly FVG. Nested in Monthly 📍CLS Range Monthly 📍Dropping to the D1 which confirmed change in order flow. And I see potential for downside. Will be looking for an entry on the lower time frame - H1 Follow me if you want to learn more about CLS Trading. What is CLS? You may never hear about them. Find them on Google. This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are market maker - smart money. I have decoded their operational tactics to my advantage. Study this and trade with smart money. Good Luck Dave Hunter
Short
by Dave-Hunter
15
AUDJPY broke the uptrend line. Is it time to sell?The AUD/JPY pair recently made a significant break on the daily chart. The price broke through two significant zones: 1. The uptrend line, which has been supporting prices since August 2024. 2. The sideways range, between 99.70 and 102.00, which had served as a consolidation area for several weeks. These breakouts indicate a loss of buying momentum, with sellers taking control of the market. Currently, the price is at 98.15, below the 50% Fibonacci retracement of the recent upward movement, with the 38.2% retracement (97.44) as the next intermediate support. Bearish Continuation Forecast With the loss of support at 99.70, if the price comes back to the breaking point at 99.50 and it works as a resistance, the downward movement should continue, especially since the breakout was accompanied by a large-bodied daily candle, indicating sellers' conviction. If the price loses the 38.2% Fibonacci retracement at 97.44, the next targets would be: 94.60 - Target projected by the 23.6% Fibonacci retracement, in addition to being a significant psychological zone. 90.00 - A long-term support, marked by the low of the July 2024 bearish movement. This scenario will be reinforced if buyers fail to defend the next support zones. Possibility of Retracement, an Alternative Scenario Although the breakout indicates weakness at the moment, there is a possibility of a pullback to retest the 99.70 region or the broken uptrend line. If price manages to break above this level, there is a chance that the AUDJPY will resume the uptrend. In this case, the short-term targets would be: 102.00 - Former resistance and the top of the lateralization. 104.75 - An important level that acted as resistance in May 2024. For the price to initiate a stronger reversal, a sustained breakout above 100.00 would be necessary, which would cast doubt on the strength of the sellers. The AUD/JPY presents a dominant bearish outlook after the recent breakouts. The next critical zone will be the support at 97.44, which will determine whether the price will continue its downward trajectory or make a pullback to retest the broken levels. This is a crucial time to observe the price reaction at the support and resistance zones, seeking confirmation for both scenarios. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
AUDJPY Channel Up approaching its bottom.The AUDJPY pair has been trading within a Channel Up pattern since the August 05 Low and yesterday broke below the 1D MA50 (blue trend-line). The previous Low of the pattern was priced on the 0.618 Fibonacci retracement level as well as when the 1D RSI started rising after almost hitting the oversold (30.00) barrier. As a result we are looking for a buy below 97.500, targeting 104.000 (just under the -0.236 Fibonacci extension, which was the last Higher High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
AUDJPY Favoring Bears to Take Price ControlAUDJPY Favoring Bears to Take Price Control While I typically don't like short setups on XXXJPY pairs, AUDJPY presents a unique situation, though the risk of this short trade remains high. Last night, AUDJPY moved down by nearly 120 pips. Currently, the price is taking a pause, but it could move further down in the coming days. AUDJPY broke below the 100.00 price level, a strong psychological area. Market speculation suggests that the Bank of Japan (BOJ) may hike rates at the upcoming meeting. Additionally, the BOJ CPI data due this week will provide further insight into the next move, which is expected to be largely speculative. These factors support the likelihood of AUDJPY moving lower. You may find more details in the chart! Thank you and Good Luck!
Short
by KlejdiCuni
3
AUDJPY: Bearish Wave Poised for Targets around 98.77Hello Traders, Trust trading has been awesome. Find below my analysis of AUDJPY currency pair. Current Price: 99.738 The pair shows bearish sentiment across the H4, H1, and M30 timeframes, with a downward trend firmly established (as price keeps making lower highs and lower lows). Momentum indicators suggest strong bearish pressure; however, the price is currently consolidating within a narrow range, limiting immediate directional movement. Bias: Bearish, as long as the price remains below the key resistance level at 99.997, and we see a breakout of the consolidation range (Squeeze). Targets First Target: 98.770 Second Target: 98.108 Ultimate Target: 97.816 This bearish outlook is further supported by Elliott Wave analysis, with the potential for a downward move fulfilling the Wave 5 projection of the current impulsive wave, provided the price stays below 100.048.
Short
by Samuel124
1
Bearish drop?AUD/JPY is rising towards the pivot which lines up with the 61.8% Fibonacci retracement and could drop to the 1st support which acts as a pullback support. Pivot: 100.20 1st Support: 99.09 1st Resistance: 100.86 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets