After our last idea on this pair (below), AUDJPY is currently testing daily support. The price is moving inside a descending channel and struggles to break the area at 74.200 IF the price will break and close below we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴...
AUDJPY is dropping from recent triple top and is breaking below the neckline where our downside confirmation is. If price breaks below the neckline, more downside could be seen towards 1st support at 73.963
AUDJPY is breaking above our descending trendline and is testing our upside confirmation where the 23.6% fib retracement and 78.6% fib extension are. If price could break above, it could rise further towards our 1st resistance at 75.416 where the 50% fib retracement are. Note that EMA is also showing signs of bearishness for price.
AUDJPY is testing our downside confirmation where the previous swing low is, if price could break below, it could head south towards our 1st support at 73.838 where the 161.8% and -27% fib retracement are. EMA is also showing signs of bearishness for price.
AUDJPY was held above 75 since the end of September but finally submerged below last week. The market has pulled back to 75 and it faced rejection early in the Asia market together with an inside bar reversal pattern and a falling trendline. Look to sell AUDJPY now with SL just above 75 or 75.3 for conservative traders. The primary target will be 72.90. *AUD...
AUDJPY Short idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Price action continues bearish after the break of this range. From here we want to see structure form followed by strong bearish pressure. Enter on a confirmed retest and target lower toward key support and negative fib levels. Trade scenario 2: Price action goes...
AUDJPY on the daily chart is moving inside a descending channel. The price after hitting the upper trendline turn and broke the minor uptrending channel. Currently, the market is testing a daily resistance and if we see close and retest we can look for a nice short position according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
AUDJPY approaching 1st support, potential for a further rise!
AUDJPY on the daily chart is creating a bear flag. The market has created a minor uptrending channel and yesterday the price hit the lower trendline of it. IF the price will break and close below the 750.450 area and consequently break the channel and the support structure, we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp...
AUDJPY is testing our 1st resistance at 75.527 and we could see further drop below this level !
According to my strategy AUDJPY looks like a really nice buy.
AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Price action continues with this rally. We’re looking to enter long on a confirmed higher low above the 76.000 leve. To confirm the continuation we need some strong bullish setups and a clean break of our monthly resistance level would add confidence to a larger...
Description : AUDJPY is approaching 1st resistance where the 100% fib extension and horizontal swing high are, and we might see a possible drop from there ! Stochastics is also showing signs of bearishness.
AUDJPY facing pressure from 1st resistance, further drop!
AUDJPY on the daily chart, retrace from the previous high, until the 75 level. Market starts a range move but couldn't break below. Currently, the price is testing the 76 level and if the price will manage to break and close above it we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure ->...