JPYAUD trade ideas
AUDJPY SellI get it, AUD has been strong. To sell seems counter intuitive. Regardless, my strategy has given a sell opportunity that will allow us to see 104.6502 in the near future. New highs have been made, a correction to this level will happen. This particular market condition usually takes 7-14 days to hit target but sometimes it can take longer. I am bearish now. Don't join me but let this compliment your current strategy.
Cheers.
AUDJPY LONG/BUYHello
Looking for a short term buy on AUDJPY
* Expanding flat formed
* B wave of the bigger corrective structure has started
* GAP at the top 98.289 needs to be mitigated
* Engulfing candle on 15 min TF
* MACD divergence 15 min
STOP LOSS: 97.200
TAKE PROFIT: 98.200
ENTRY: CURRENT MARKET PRICE
AUDJPY - Falling Wedge Reversal PatternAUDJPY is making falling wedge reversal pattern and after breakout of trendline the buyers will remain in control and we can also observe the clear divergence which supports the reversal.
AUDJPY Falling BearsBias Bearish
Fundamental
AUD is weak and JPY is extremely bullish.
Price Action
Price consolidated at Daily SR level. It broke out of the consolidation of Daily SR towards downside. Bearish movement is confirmed continuous.
Confluence
Close to H4 Bearish TL and Rejection from Daily SR level. Broken H1 consolidation Support level and a Double Top pattern.
Setup
Entry at broke H1 SR level
SL 2x ATR (20)
TP next Daily SR level R:R 1:5
AUD/JPY Crushed by Carry Trade UnwindAUD/JPY is the quintessential "carry trade" pair among the majors given Australia's clear link to global growth and Japan's persistent near-zero interest rates.
After a strong start to the year, the pair has dropped over -1100 pips (-10%) in just the last 3 weeks along, underscoring the risk with crowded carry trades. A near-term bounce is possible, but with the BOJ starting to raise interest rates, it's unlikely we'll see the same level of enthusiasm for AUD/JPY longs any time soon.
-MW
AUDJPY BULLISH DIVERGENCETechnically:
AUDJPY printing bullish divergence
AXY printing bullish divergence
JXY printing double Top with bearish divergence
Fundamentally:
COT Data
AUD continue increasing long position and decreasing short positions.
JPY continue decreasing long positions and increasing short positions.
AUD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are going short on the AUD/JPY with the target of 105.603 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
AUD/JPY at long term ("daily-chart") technical support level as authorizations become executions, especially with market liquidate absolutely abysmal, don't be surprised to see multiple "unexplained" meltups in the coming days.
AUD/JPY For Bearishyou can go short now
or
wait for pullback at red arrow and go short
- General Trend is Down
- AUD under pressure
- JPY Strong than AUD
have fun :)
AUDJPYA break out the bullish triangle, The pair is sure giving a reversal signal.
Expecting an upward correction.
leave a like, comment tell me what you think?
AUDJPY Technical View; Multi Time Frame BreakdownHey Traders,
Previously I discussed the continued long term choppy market present on the AUDJPY.
Following this, and a minor fall, we can observe and analyse for future moves.
Watch for more.
AUDJPY30.07.24 | AUDJPY | Buy at 101.50 SL 101.10 TP 102.40 and 103.10 Status Active
after a sell-off this pair is in in recovery mod
AUDJPY shows strength after a price drop of 1200 pipsAUDJPY shows strength after a price drop of 1200 pips
The price broke out of a bullish triangle pattern thus increasing the chances of a bullish wave.
Tomorrow we have the BOJ decision on interest rates and the market expects the BOJ to raise rates.
However, it may not happen as many are already expecting.
AUDJPY is showing a clear reversal signal after 1200 pips down.
Generally, this upward correction is required in this situaion, as shown in the chart.
I will share later a more details analysis on JPY pairs.
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❤️
Beginning of the AJ Bull's END?!Here I have AUD/JPY on the Daily Chart!
Beginning in March of 2020 to what seems to be the new High @ 109.372 in July of 2024, we have seen the end of the 5th Wave of Elliot's Impulse Wave!
With Prices steep decline to the new LOWER LOW @ 99.209, knocking out the Low of June and Testing the Low of May, these are the conditions needed for what could potentially turn into a Correction Wave!!!
The Sellings have BEGUN!
-You can see that the RSI after this enormous drop in price Breaking Lows ( Structure) is now operating under the 50 mark & Oversold!
-The BB Trend is now printing Red Bars showing signs of Bears in the vicinity!
Where might Price go??
-If 99.209 is our True Lower Low we will be working with, I suspect price will make a STRONG retracement!
*Potential Retracement Levels*
( 103.091 - 103.691 ) - Golden Zone
( 104.291 - 105.490 ) - 50% / 38.2%
-Fundamentals-
*Uncertainty of BOJ decision mixed with the suspected COOLING of inflation on AUD may be just the catalyst we need to see this pull off!
AUD - CPI q/q & y/y - Tuesday, July 30th
JPY - BOJ Policy Rate - Tuesday, July 30th
AUDJPY ShortBased on the longer timeframe analysis I have done before, I do anticipate that this currency can continue with its bearish momentum.
Let us wait for the price to retest the zone, so that we can have a clear entry position.
AUDJPY IndecisionThis price has been having a bearish momentum and for the last day, there was a doji candle, which indicates an indecision.
I anticipate that the momentum will continue, provided that the candlestick that follows next does not close above the doji candle.
An analysis using a smaller timeframe will follow.
AUDJPY FOREX 1H TIME FRAME DATE 7/28/2024Sentiment Analysis (July 27, 2024):
Intraday Sentiment: 39% bearish, 61% bullish
Daily Sentiment: 13% bearish, 87% bullish
Overall Sentiment: The sentiment is strongly bullish, suggesting a favorable outlook for buying opportunities.
Upcoming Economic Events and Trading Recommendations:
Tuesday, July 30, 2024
03:30 AM ET - Australia Building Permits MoM (Preliminary)
Expectation: 0.70%
Recommendation: Buy AUD/JPY
Wednesday, July 31, 2024
03:30 AM ET - Australia Monthly CPI Indicator & Retail Sales MoM
Recommendation: Buy AUD/JPY
Thursday, August 01, 2024
01:00 AM ET - Australia Judo Bank Manufacturing PMI Final
Expectation: PMI expected at 49.00
Recommendation: Sell AUD/JPY
03:30 AM ET - Australia Balance of Trade (June)
Expectation: 8200 Million AUD
Recommendation: Buy AUD/JPY
Friday, August 02, 2024
03:30 AM ET - Australia PPI QoQ
Expectation: Producer Price Inflation expected at 0.60%
Recommendation: Buy AUD/JPY
Tuesday, July 30, 2024
01:30 AM ET - Japan Unemployment Rate
Expectation: 2.70%
Recommendation: Sell AUD/JPY
Wednesday, July 31, 2024
01:50 AM ET - Japan Retail Sales YoY
Expectation: 1.50%
Recommendation: Buy AUD/JPY
Thursday, August 01, 2024
02:30 AM ET - Japan Jibun Bank Manufacturing PMI
Expectation: PMI expected at 51.50
Recommendation: Sell AUD/JPY
Pattern Review for Ascending Triangle AUD/JPY on 30m.Pattern Formation
- Ascending Triangle: The green dotted lines form an ascending triangle pattern, which typically indicates a bullish continuation. The horizontal resistance line is around 108.545, and the rising trendline provides support.
- Head and Shoulders: There appears to be a smaller head and shoulders pattern within the ascending triangle, which can indicate a potential bearish reversal if it plays out.
Volume Profile Analysis
- High Volume Nodes: There is a noticeable high volume around the 108.3 level, suggesting strong buying interest in this area.
Price Action Analysis
1. Top Right (1-Month Candle Chart):
- Trend: The monthly chart shows an overall uptrend with a series of higher highs and higher lows.
- Candlestick Patterns: Recent monthly candles are predominantly green, indicating sustained bullish momentum.
2. Mid Right (2-Week Candle Chart):
- Trend: The 2-week chart shows a more detailed view of the uptrend, with recent consolidation near the 108.500 level.
- Candlestick Patterns: Mixed candlesticks with both bullish and bearish pressures, but recent candles suggest a bullish bias.
3. Bottom Right (Weekly Candle Chart):
- Trend: The weekly chart shows a clear uptrend, with the price consistently making higher lows.
- Candlestick Patterns: Recent green candles indicate a continuation of the bullish trend, although with some signs of consolidation.
Disclaimer
This analysis is provided for informational purposes only and should not be considered financial advice. Trading financial instruments involves risk, and you should perform your own research and analysis before making any investment/trading decisions. Always consult with a professional financial advisor.
