Just trying to look at AUDJPY from big picture point of view and have been eyeing this for awhile. Based on my EW analysis (Note: I'm not a Pro...) it seems a 5 wave cycle as been completed and price is now in an A-B-C retracement which on be broke down into another 5 Wave pattern on smaller scale. Anyways, if this is true we should be closing in the end of the C...
Spotted this pattern, kind of looks like a Bullish Cup & Handle. Just something to keep and eye on.
Aussie is starting to look like it might break out north. Could be a nice spot to get in with low risk. Look for an entry around 74.64 to 74.80. If it does go long I think an easy Target would be 75.87.
AUDJPY is reaching a point where a major move will most likely be coming this week. I can see it going bearish due to a lot of fundamental reasons but I can also see it going bullish. I reasoning for it going bullish would from a elliott wave analysis, according to my count (could be wrong I'm an amateur) we should entering Wave 5, or from a big picture look Leg...
Check out the chart, let me know what you think.
Check out the chart. The Aussie been consolidating so I came across this while charting. See chart for target.
AUDJPY may starting a FIFTH and FINAL WAVE. Looks like ABCDE Pattern is complete. Targeting 79.5. See chart, also check prior chart for bigger picture. Good luck Traders!
On the chart here I see two possible bullish scenarios for AJ. I think price could move up from the 100% fib level or if bearish pressure persists it could drop down to the .618 level. From an Elliot Wave point of view, we should be in Wave 4/ B Leg and soon be entering into Wave 5/ Leg C. This whole bull run may just be an ABC retracement on the larger time...
Price reached 1.618 fib level, which tells me that Wave 3 should be over, check chart, price should move up now then drop back down one more time, hopefully to the 72.00 level. This is where I will close the remainder of my shorts. On a larger time frame we may be in Wave 4 heading towards starting Wave see, see prior large time frame idea for that info.
See chart and prior idea, still looking at 72.00 area for TP
Look for a drop down the 72.00, right around the 100% Fib level. A conservative entry would be hoping price retests the 1.618 level but that may not happen. Check my other chart for a large timeframe view of this pair.
Info is on the chart! Let me know your idea what you think! Have a great weekend traders!
Still trying to determine where this bull run will end, check out the chart here is one possibility.
If my Elliot Wave count is correct, I think we will see one more drop down before price moves north. We could be in an ABC pattern. Look at my prior ideas to see bigger Elliot Wave picture. Be safe and happy trading!
Bearish Gartley Pattern is almost complete, I rarely trade crypto but I was bored and found this. Lets see what happens. Targets on chart if it works.
Harmonic pattern may be forming on AU. Its still pretty early to say but something to keep an eye on.