In AUD/JPY's daily timeframe, a bearish trend appears evident, characterized by a bearish reversal rising wedge pattern formation. Additionally, the completion of Elliott's 5th wave suggests a potential downward movement, typically followed by an ABC correction pattern. This confluence of technical indicators signals a probable continuation of the bearish...
AUDJPY has shown strong performance since early February 2024, experiencing a significant rally from the level of 95.640 to reaching today's high at 99.024. However, this movement has brought the currency pair into the territory of the highest supply level. With this condition, there is potential for AUDJPY to undergo a temporary correction. Technical Analysis:...
AUDJPY script shows strong bearish biased based on (1) Double Top, (2) 1h & 4H Divergence, (3) Daily Strong Resistance and (4) >90% short sentiment (MyfxBook). Trade plan shows a sell stop at previous HL, Stop loss @ HH and TP1 and TP2 at 1:1 and 1:2 based on fib 50% What do you think guys, will it work?
At first I thought it's impossible to close above November high, but NZDJPY was showing a new high should happen. Interestingly, what happened to NZDJPY applied to AUDJPY as well. This is more based on fundamental, as I am eyeing a global index drop, and also JPYBASKET seems a good buy. The weekly trend also suggests JPY is at an extremely undervalued position,...
What's up folks, Just closed my buy on AUDJPY Let me explain These are my confirmations\questions > Question 1 - Was AUDJPY in momentum (bullish or bearish)? Yes, AUDJPY is in bullish Momentum currently Question 2 - Who is interested (at this time)? Buyers are interested at this time Question 3 - Where are their stop losses? Stop losses would have been right...
Hello traders! ‼️ This is my perspective on AUDJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance and if price rejects from support zone I will open a long position. Like, comment and subscribe to be in touch with my content!
Hello Traders! This is my idea related to AudJpy M30. I expect a bearish move on Monday, and I will look for a short trade entry if confirmed. As an objective, I want to see a move until the BOSS level. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
AUDJPY script gets rejected at daily strong resistances. The trendline line already broken and price likely to follow DOW LHs and LLs. Trade Plan Short EP at CMP. SL at previous LH TP at 1:1 Reward. What do you think, will it work?
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
H1 - Strong bearish momentum. Lower lows. No opposite signs. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
🔹Hello traders, Let's review and go over analysis and strategies for AUD / JPY If we take a look at the news the news are negative for the aud Meaning that I am expecting price to fall in the next couple of days down to this main trend line. And there she also can see that MA Has already crossed over And the volume profile is currently in favored in this area (...
We expect further downside on this pair, signalled by the ascending channel pattern breakout. We can also see the breakout of a counter trendline which further supports our directional basis.
Hello traders! ‼️ This is my perspective on AUDJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, but for now I expect we can see a retracement after price took buy side liquidity. My target is bullish order block around 96.500. Like, comment and subscribe to be in touch with my content!
Hello traders! ‼️ This is my perspective on AUDJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to fill the imbalance and then to reject from bullish order block + institutional big figure 96.500. Fundamental news: This week on Thursday we will...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Review of Elliott's analysis: We are at the end of wave e of a triangle, which is the beginning and formation of wave a from a triangle, and will be the beginning of wave b, which will reverse all wave a. A triangle will be formed in wave b as well as wave a
We have a strong resistance line at 98.641 (52-week high) and a good risk:reward ratio for sellers.