AUDJPY Potential downsidesHey traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 93.8 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Aud-jpy-sell
AUD/JPY SHORTShorting opportunity for AUD/JPY/ Having hit a strong Monthly Resistance level, there can be an idea of a perfect shorting opportunity. After the news of the Home Loans MoM. being forecasted at -1% and actually being -7.3%, has seen a large push to the upside for all pairs against the AUD pair. This price is tremendously high and the if the the Monthly S/R, can hold its strong resistance, should lead to massive profits from shorting. Have seen a market move in consolidation on the 15minute chart, look for a strong touch of the Monthly S/R or Cross of the MA and VWAP.
Happy Trading.
AUDJPY SellIn this video we see where the market price on AUDJPY has created an M patter and has since retested its neckline and is now expected to reject the level for another move to the downside.
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AUDJPY Sell IdeaAUDJPY has been in a solid uptrend today, gaining over 0.96%, and is currently trading around the 82.735 level. On the 1hr time frame, the RSI indicator is at extremely overbought levels (105) which indicates that this uptrend could start to slow down soon. There was also a failure in passing the 18th of February's high (83.173) which also adds to our short-bias. The target of this trade is located near the 82 regions, with our stop-loss located at 83.5 to mitigate losses.
AUD/JPY Short Setup formingAUD/JPY Patience is key, wait for the confirmation of the short.
Key area 81.34:- waiting for this level to break and then a confirmation of the resistance re-test level will confirm a short entry. This will confirm a clone movement to the downside.
AUDJPY sell now,my prediction,Good luck tradersWatch strong price action at the current levels for SELL. GOOD LUCK! Great sell opportunity in AUDJPY..
AUD/JPY: The triangle broke, what's next? 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.
AUDJPY Sell Confirmations:
-4h structure bearish
-Break below the whole # 80.000, came to retest and rejected multiple times
-Trend line rejection (3rd touch)
-Push down then small pullback on 1h, rule of thumb on the 4h
-Fib pullback to 61.8%
-2 very heavy engulfing candles
-MA crossover back to the downside
-JPY strength
*Don't be afraid to lose, all it really is is a paid lesson in the markets, but you need to learn from those lessons or else you will keep paying*
AUDJPY Sell (short-term)Riding the opportunity for possible pull-back in daily charts. Setting up a sell stop order below base fib in 1H chart with TP at base pivot line and SL below R1.
D:
W:
Confidence: B (since it's just a pull-back, and fundamentally AU's economic outlook is good and RBA rate hike is expected on the 2nd half of the year, while Japan is expected to retain its dovish stance)
AUD/JPY POSSIBLE SHORT ENTRY- Doji candle formed
- Key bearish resistance (green line)
- Candle formed below strong support at 86.000
- Previous break and retest of yearly bullish support (red line)
- Continuation of bearish market sentiment
THOUGHTS??
