JPYAUD trade ideas
AUD/JPY Bearish Outlook with Short-Term TargetThe AUD/JPY 15-minute chart indicates a prevailing bearish trend that has been developing over the past week. The price is currently hovering around the 97.600 level, showing potential for further decline. The key support level to watch is 96.955, which serves as the first target milestone for this anticipated downward move.
The RSI indicator, while not yet in the overbought territory, suggests that a reversal or additional selling opportunities might emerge if it reaches those levels. Given the continuation of the downtrend, traders might consider adding positions once RSI approaches overbought levels, expecting the bearish momentum to resume.
In summary, the technical indicators and price action point to a continuation of the bearish trend, with 96.955 as the immediate target. Caution is advised, especially with potential volatility around the RSI overbought levels.
AUDJPYThis Weekly FORECAST
Opportunity for AUDJPY. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
AUDJPY Bearish Robbery Plan on Short sideMy Dear Robbers / Traders,
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AUD/JPY H4 | Potential bullish bounceAUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 96.82 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 94.57 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 101.31 which is a pullback resistance that sits under the 61.8% Fibonacci retracement level.
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AUDJPY Will Fall! Sell!
Take a look at our analysis for AUDJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 98.373.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 97.349 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDJPY: Pullback From Resistance 🇦🇺🇯🇵
AUDJPY may retrace from a key daily/intraday horizontal resistance.
As a confirmation, I spotted a double top pattern on an hourly time frame
with a confirmed breakout of its neckline.
We may see a retracement at least to 97.7 level.
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AUDJPY SELLAs we can see we have broken the trendline from the previous trend hinting at a potential trend change. We also created a lower low after breaking the previous higher low. We got a retest of our zone and now we got confirmation. Now we are looking for a TP1 and TP2 at our 1:1 and 1:2 respectively.
audjpy sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDJPY Possible SELL Could this be possible SELL for AUDJPY?
Based on weekly and daily TF, the market is still bearish, currently the market is forming a reversal chart pattern on the 4HR TF. We could see more selling pressure coming in should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.