Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (75.2). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (75.2). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
We have a nice triangle pattern which broke a couple of hours ago, with a successful retest. EMA100 on H4 acted as a resistance and price didn't manage to go higher. Price also broke the daily pivot with a power candle, suggesting sellers are in control. I sold @ 75.024 and will target the next fib level @ around 74.700 - 74.720. Trade at your own risk.
The Breakout Opportunities system has just sold AUDJPY at 75.234. The system recommends entering this trade at any price between 75.031 and 75.296. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.062, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high...
AUDJPY - It's another opportunity! AUDJPY Technical Aspects: - Pattern - Bear Flag Formation - Trend-line Down - Trend-line Up (First one - went passed it - if the candle on 4hr closes bearish we see a bearish momentum to continue...To where? To the second trend-line up. - Out of the range it is below bearish momentum next support areas - 74.40 areas. For...
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸Right now it is consolidating on a lower timeframe. We consider that if there is a breakout to the downside, then there is potential for a bearish impulse. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
AUDJPY Long idea This pair has been very bullish on the 4hour timeframe and recently broke key resistance around 75.000. Price action then shot up to our monthly zone around 76.500 and back down to 75.000 for a retest. From the current level we have two ways this could play out: 1.Price action finds support at 75.000 and continues with the overall bullish...
Here we have price coming down to a squeeze where price has struggled to break above, this area is interesting because we always have a set of rules for entry and Optimal RR is a must for every trade. I will not be entering blindly into this pair just for its interesting area but would like to let the market meet my conditions of entry and show more definition as...
Aud / Jpy broke the major trendline, so we can expect it to go up to the next resist, 80,000 area.
According to this week’s JPY COT report we can see that the Yen is stacking up even more long contract positions. We can expect it to hold a strong position among most of the pairs surely till the end of the month. AUDJPY has been in an uptrend since the false breakout in March 2020 where it reached the 60.000 mark near the monthly critical area. Now it has...
Monthly Chart. AUD/JPY could possibly go UP. General trend is still on a downtrend but price has broken my first trade confirmation area. I'll wait a bit for more movement but I won't wait for price to hit my 2nd confirmation area. I'm just waiting for the present trend to switch and it's a GO for me. Hoping to see some massive pips :)
Hey, I am back with last forex idea this week, more to come in the next one, so don't forget to follow me. AUD/JPY has found support on strong support area, broke downtrend line and broke out of RSI range, I expect the price to reach at least the level of 75.500, 35 pips from now, I am already in. Good luck with your trading!
75.328 - 75.634 Add to Watch List Signal ID: 72672 Time Issued: Friday, 24 July 2020 04:00:15 GMT Status: open Entry: 75.328 - 75.634 Limit: N/A Stop Loss: 76.093 The Trend Follower Strategy has just sold AUDJPY at 75.481. The system recommends entering this trade at any price between 75.328 and 75.634. The signal was issued because our Speculative Sentiment...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
🔸 DAILY CHART EXPLANATION: . . 🔸Price broke the Descending Trendline. . 🔸It is now facing the Resistance Zone. . 🔸If we see a breakout here, the next bullish target is the Resistance Zone at 0.80500. If price bounces, then we will consider a downside move towards the broken Trendline. . 🔸 Will look for a lower timeframe setup. 🔸 4H CHART ANALYSIS:
The pair is trading in an uptrend after the diagonal resistance breakout. Now, AUD/JPY is facing a strong horizontal resistance. WAIT for the breakout either way. For the bearish breakout the diagonal support needs to be broken too. The short is a counter trend trade and therefore has lower probability. On the other hand, the level is strong and the RSI...
So price broke out of the Wave 4(ABCDE) pattern it seems. If you missed getting into this long early there may still be a conservative entry around 72.64. When price reaches the prior high, a lot of shorts may be picked up with people betting on a double top situation, that could push price down to the 72.64 area, which is a spot with a couple important Fib...