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Australian Dollar / Japanese Yen

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AUDJPY trade ideas

Organizing Chaos: Practical Example of Using ChannelsChannels have been used by technical analysts for more than a century due to their ability to clarify price action and detect historical patterns (the main advantage of an investor, which I will write an article about soon). Today, I want to show you a practical example of the good use of this tool. We are looking at the Australian Dollar / Japanese Yen pair (AUD/JPY), and we can clearly see how the use of channels shows us areas of imbalance or inflection points between supply and demand (blue lines). Specifically, I want you to focus on the imbalance area where we are today. Historically, supply (selling force) has exceeded demand (buying force) in this price zone, which means that the majority of market participants, under the same conditions, have considered this price zone to be expensive. Another interesting detail is how strongly supply (sellers) has reacted after reaching this imbalance area. Although it has encountered resistance from buyers around the 88 level (which is an equilibrium zone), so far, sellers have been dominant and have managed to drive the price down to the 75 level. It's also noticeable that there could still be an upward response, but historically, this has been nullified by the selling force before surpassing the highs. Conclusions: It's amazing how a simple tool like a channel has given us a considerable advantage when making decisions. In just minutes, we've identified an opportunity zone, understood the psychology of the market participants, established two price zones as probable targets (88 and 75), and even got an idea of the magnitude of the selling force based on historical records. Remember to study less about psychotrading and more about mass psychology, not to buy courses (especially not scalping courses), to respect the old masters, and above all, to question everything except your own capabilities.
Education
by Especulador96
AUD/JPY Sell Trade – Targeting 96.97244 Pair: AUD/JPY 🇦🇺💴 Direction: Short 🔽 Target: 96.97244 🎯 Time Horizon: By Monday, Jan 20, 05:50 UTC ⏳ The pair has experienced upward momentum, reaching a significant level where a potential pullback is anticipated. Current market behavior suggests a move lower toward the 96.97244 level, in line with observed patterns. This trade is time-sensitive and expected to unfold by Monday at 05:50 UTC. External factors, such as JPY strength and broader market sentiment, could influence price action. Monitoring closely for further confirmation of expected movement 🔍.
Short
by GlobalHorns
AUD/JPY H4 | Downtrend to extend further?AUD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 97.32 which is a pullback resistance. Stop loss is at 98.35 which is a level that sits above an overlap resistance. Take profit is at 95.64 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
2
Lesson1: Market Structure Part 2Market structure is going to be the first lesson that we are going to look at, in my opinion market structure is one of the strongest confirmations that a market is going to be trending higher or trending lower. When we look at the market the very first thing that you want to do is identify whether you are in a buyers market or sellers market. To know whether a market is a buying or selling market we have to refer to the structure that is being displayed on the chart it self. A buying market displays structure in the following; creating higher highs and higher lows and we know this is a buying market when price breaks into new highs. A sellers market displays structure in the following; creating lower Lowes and lower highs and we know this is a selling market when price breaks into new lows.
Long
by darrenblignaut78
Lesson 1: Market StructureMarket structure is going to be the first lesson that we are going to look at, in my opinion market structure is one of the strongest confirmations that a market is going to be trending higher or trending lower. When we look at the market the very first thing that you want to do is identify whether you are in a buyers market or sellers market. To know whether a market is a buying or selling market we have to refer to the structure that is being displayed on the chart it self. A buying market displays structure in the following; creating higher highs and higher lows and we know this is a buying market when price breaks into new highs. A sellers market displays structure in the following; creating lower Lowes and lower highs and we know this is a selling market when price breaks into new lows.
Long
by darrenblignaut78