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Aj

AUDJPY 4hour Analysis August 8th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We’re still technically bearish here on AJ but it has been throwing some fake outs here and there. Essentially we’re still in a period of consolidation while price action figures out where it wants to go. In the meantime we’ll remain prepared. If price action drops below 80.750 and forms a lower high we’ll be interested in entering short. Trade scenario 2: For us to consider AJ bullish we would ideally need to break the resistance of the range around 81.400. If we see some higher lows above we could be looking at some long positions.
Short
by ForexLeague
AUDJPY 4hour Analysis August 1st, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Definitely looking bearish this week! We currently can spot a potential perfect setup already. From the current level we’re looking for price action to retest broken support at 80.750 to confirm a lower high. Look to enter short on confirmation of the lower high and target lower toward key support levels. Trade scenario 2: For us to consider AJ bullish we would need to see a transition of 81.400 resistance. If we can spot a higher low above this level we will look to enter long and target high resistance levels.
Short
by ForexLeague
AUDJPY 4hour Analysis July 24th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking overall bearish on this pair as well but structure is not yet that clear. We know we’re looking for short positions after we can confirm a lower high and that can happen at two major places on this chart. At the current level we could see a reversal with some good short entry opportunities or we could see price action retrace some more. We could see a deeper reversal happen around our 82.200 resistance level before price action continues with the bearish sentiment. Keep this in mind and watch for the right confirmations at either levels. Trade scenario 2: For us to consider AJ bullish we would ideally need to see a break above resistance around 82.200 with a confirmed higher low. If this happens we’ll look to target toward higher resistance levels.
Short
by ForexLeague
AUDJPY 4hour Analysis July 18th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking very bearish here on AJ and it looks like it will be continuing with this trend. From where current price action is it will either push lower with strong bearish momentum or price action will pull back to a resistance level before dropping. Either way we’re looking to target our -27% fib level once we can confirm our next lower high and enter on strong bearish setups. Trade scenario 2: For us to consider AJ bullish we need to see a lot from price action. Ideally, a break above 82.200 with some clean higher lower setups would be enough to mark up some long positions.
Short
by ForexLeague
AUDJPY 4hour Analysis July 11th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: This pair also is bearish across all major timeframes and we plan to look for continuations supporting this trend. Ideally we see a lower high form right now near 82.200 followed by strong bearish setups to enter short on. Look to target lower toward major support levels and negative fib levels. Trade scenario 2: For us to consider AJ bullish we would need to see a break of resistance near 83.250, our weekly zone, with a higher low above. This means price action is generally bearish until we see this break happen.
Short
by ForexLeague
AUDJPY 4hour Analysis July 5th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we’re very bearish on AJ and currently we’re seeing a bit of consolidation in the form of an ascending triangle pattern. Ideally we would like to see the pattern break bearishly along with support at 83.250. We would then look for confirmation of a lower high that we can then enter short on. Look to target lower toward 82.200. Trade scenario 2: For us to consider AJ bullish we would first need to see a break and retest of resistance at 83.800. We will then consider long entries on higher lows above this level.
Short
by ForexLeague
AUDJPY 4hour Analysis June 28th, 2021AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AJ is looking massively bearish as we just confirmed a lower high at 84.400, rejected the 200 ema, and saw a moving average cross after a rising wedge. Look to target lower toward major support levels. You can even see the bearish volume by the size of the bearish candles presented here. Trade scenario 2: For us to consider AJ bullish price action would need to break back above 84.400 with a higher low above. Then we can comfortably look for long positions.
Short
by ForexLeague
AUDJPY 4hour Analysis June 21st, 2021AUDJPY Short idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: As of recently we are now very bearish and are waiting to confirm this new transition. Ideally we would like to see a reversal at resistance around 83.250 which is also our 38.2% fib level. This rejection would confirm structure and a lower high so look to enter short on strong bearish setups. Trade scenario 2: For us to consider AJ bullish again we first need to see a break back through resistance at 83.250. Even is this happen we are not fully bullish but price action is telling us that is attempting to resume higher timeframe trends. If we break above 83.250 it is very likely price action will reach our 84.400 area.
Short
by ForexLeague
2
AUDJPY 4hour Analysis June 13th, 2021AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: On higher timeframes AJ has been bullish but on the 4hour we’re seeing that price action has been stuck in a range. The most likely scenario would be for price action to reverse at support and continue with this range. Trade scenario 2: For us to consider AJ bearish we would need to see a bearish break of the range with a confirmed lower high below. If this happens look to target lower toward major support levels.
by ForexLeague
AUDJPY 4hour Analysis June 6th, 2021AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we’re very bullish on higher timeframes but we can see that AJ is in a range. For us to comfortably continue with the bullish trend we ideally need to see a higher low above 85.100 zone. Look to enter long after a break and retest with the confirmed higher low. Target higher toward prior highs and key resistance levels. Trade scenario 2: For us to consider AJ bearish we need to see a bearish break of the range with a lower high below 84.400. Look to enter short after proper confirmation is spotted and target lower toward key support levels.
Long
by ForexLeague
AUDJPY 4hour Analysis May 23rd, 2021AUDJPY Short idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: All timeframes above the 4hour have been bullish for a while. We can see price action just formed a 4hr lower high and is showing bearish conviction. Look to enter on more bearish setups and potentially a retest of recently broken support near 84.400. Target lower toward our next key support level near 83.250. Trade scenario 2: For us to consider AJ bullish again we need to see a break and retest of our 84.700 level ideally. Look to enter long after we can confirm a higher low above this level.
Short
by ForexLeague
AUDJPY 4hour Analysis May 16th, 2021AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are very bullish on this pair and all timeframes show that. Currently we are looking for a pullback and reversal near our 61.8% fib level & 84.700 support level to enter long on. Look to target higher toward prior highs. Trade scenario 2: For us to consider AJ bearish we need to see a transition of support at 84.400. Look to enter short on a confirmed lower high below 84.400 and target lower toward our weekly support at 83.300.
Long
by ForexLeague
AUDJPY 4hour Analysis May, 2nd, 2021AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall we are very bullish on all significant timeframes and we recently broke key resistance at 84.400. Now we are waiting to confirm a higher low and 84.400 as new support. Look to enter long on proper confirmation and target higher toward our 0% fib level and negative fib levels. Trade scenario 2: For us to consider AJ bearish we need to see a break back below 84.400 with a lower high below. Look to target lower back down toward support near 83.300 which is also our weekly level.
Long
by ForexLeague
1
AUDJPY 4hour Analysis April, 25th, 2021AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall we are bullish on AJ but we can clearly see that price action is stuck within a range. Ideally, we continue with the bullish trend and catch a long opportunity off a strong bullish reversal at the current level. Look to enter long on a 30min/1hr break of structure with aligning confirmations and target toward resistance at 84.400. If you’re going to play for the break of the range wait for a transition of 84.400. Trade scenario 2: For us to consider AJ fully bearish we need to see a lower high below support at 83.300 with a confirmed lower high. Target lower toward support at 82.200.
Long
by ForexLeague
AUDJPY 4hour Analysis April, 11th, 2021AUDJPY Short idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Higher timeframes are bullish but we have been seeing some high volume ranging happening on this pair. Currently price action on the 4hour is pushing lower and could present some great short opportunities. Look for a break and retest of 83.300 with a lower high below. Look to target lower toward support around 82.200 Trade scenario 2: For us to consider AJ bullish on the 4hour we need to see a break back above 84.150. In the meantime, you could find a long opportunity on some lower timeframe confirmation if price action starts to reverse at the current level.
Short
by ForexLeague