Wait for price to retest the zone indicated or simple break the 1hr correction
Wait for price to retest the zone indicated or simple break the 1hr correction
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline. . 🔸That was a bearish signal, however, it has been consolidating since then. . 🔸 We are waiting for a breakout of the structure to the downside before considering bearish positions. . 🔸 Will look for a lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS:
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (74.55). 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 above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (74.55). 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 above the 21-Day WEMA which acts as a dynamic...
Check out the chart, let me know what you think.
The pair has broken the trend line. Wait for a double top to form in confluence with it touching the trend line which will act as a resistance. This trade will have a great risk/reward if the conditions are met but it might take a few days before the conditions are met. As always be reactive
Looks like a nice set up, take profit at levels and look for runners after retests. 76 doesn’t seem too ambitious. Do your own TA I’m no pro!
The Breakout Opportunities system has just sold AUDJPY at 74.762. The system recommends entering this trade at any price between 74.493 and 74.857. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.235, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high...
Clearly, AUDJPY is forming a downtrend where there is resistance showing for the pair. AUD Cash Rate news came early this morning, causing the momentum of this pair to form downward. TP: 74.5 or BELOW
Triangle formation on AUD/JPY hour chart. The breakout hasn't happened yet. The price is open for both direction.The trendline crush is more likely because of the RSI divergence,but we can trade both with an OCO buy stop-sell stop order.
Price just tested again it's previous resistance and is now forming a nice bullish candle on H1 forming a support. I am entering long and will target the top of the structure which is also a previous resistance area. *** Trade at your own risk ***
The Tidal Shift Strategy has just bought AUDJPY at 74.747. The system recommends entering this trade at any price between 74.643 and 74.851. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.051, which suggests that the AUDJPY could be trending upwards.The 14-period Average...
AUD/JPY ANALYSIS 7/5 Check out last week analysis below (I update my pairs frequently, NOT on tradingview) May now see price react around res AUD weakness can come into the market soon We may now see price take out high before considering short TO STAY UPDATED REGARDING THIS PAIR... 🎇 ⬇ CHECK OUT BELOW ⬇ 🎇
AUDJPY Long idea The monthly and weekly timeframes are bearish whereas the daily and 4hour timeframes are bullish! Depending on how price action reacts at this current level we have two potential scenarios: 1.Price action breaks and retests 74.650 confirming a higher low which we will enter on and target higher resistance levels like 76.000 (The blue trade...
AUDJPY is in uptrend Price is based above key level at 74.40 Pair is based above HVN at 73.71 Above SMA 100 MACD shows bullish momentum RSI is above level 50 We r waiting price to exceed upper edge of ascending triangle to open long trade It's expected for bullish movement to target supply zone at level 76.75
Long : 74.620 Stop : 73.9 Target : 75.1 , 75.6 , 76
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!