AUDJPY is trending in a triangular squeeze and is facing bearish pressure from our first resistance, in line with the 78% fib retracement , where we could see a further drop towards 1st support. Stochastics is also showing increasing bearish pressure for AUDJPY. If price goes lower and breaks the ascending trendline, this could be another confirmation that AUDJPY...
AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullisj 4Hour Trend: Bullish Trade scenario 1: Overall we are very bullish on this pair still. Currently we could see price action take off from here or pullback to form structure. In either scenario, if price action continues bullish look to target higher toward 79.000. Trade scenario 2: If price action goes...
Let's start with the Daily View: a) We can see 3 relevant horizontal levels. Those are the main areas we will be paying attention to. Now the price is above a resistance zone (working as support), and we will aim for a bullish movement towards the next resistance zone. b) Another important item is a Huge Corrective Structure that has been broken (Bullish...
AUDJPY might see trendline breakout, more downside !
Just posting for rep i am not a professional hope it will be useful for you :)
AUDJPY is standing for 6 days on a key daily structure. On 4H the price is trading within a horizontal decision range. Most of the time, the side of the breakout (4H candle close above/below) of the range will show the future direction of the market. In case of a bullish violation, I will expect a continuation to 77.4 level. In case of a bearish violation,...
AUDJPY after bouncing on the 0.382 Fibonacci level of the previous bullish leg created a nice impulse to the upside until the weekly resistance area. The price couldn't break above yet and created a kind of double top. We can expect the market to provide us 2 different scenarios. IF the market will break above the weekly structure, we can set a long order. If the...
Following the uptrend in November, AUDJPY entered the H1 range. The break will allow you to enter a trade. The previous upward trend suggests that we are more likely to see a break in resistance, but pre-entries will be risky. Wait for the price to close outside the range and then look for an entry in this...
AUDJPY testing 1st resistance , further drop expected !
Rate news is coming in a few hours time, Aud if weaken should see if test and break the 0.7330 level... Watching it...other pairs of aud worth noting to short i AUD weakens are AUDJPY and AUDSGD #shadowingthebigboys #trading #forex If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further...
Looking at the double top or M pattern forming. We could see price go all the way to 75.5 level.
AUDJPY reversing from 1st resistance , further drop expected!
AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Price action continues bullish and breaks through this rectangle and daily resistance at 77.000. Look to enter on a confirmed higher low above this level, enter on strong bullish setups and target higher toward our -27% fib level. Trade scenario 2: Price action...
AUDJPY broke downtrendline Pair is based above support level at 75.45 Price is based above HVN at level 75.85 which indicates that pair is in accumulation phase Above SMA 100 MACD shows bullish momentum RSI broke downtrend We r waiting price to exceed key level at 76.50 to open long trade It's expected to target resistance level at 77.70
AUDJPY retesting 1st resistance, more downside!
AUDJPY is facing bearish pressure from our first resistance, in line with the 127% fib retracement and 76.4% fib retracement, where we could see a further drop towards 1st support. The stochastics is showing signs of increasing bearishness.