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Aud-jpy

AUDJPY: A Broken Bearish Flag Confirms Further Downtrend -INTRODUCTION- After reaching a new low at the 87.50 level last week, AUDJPY retraced and retested the 91.10 resistance level. The price tested 91.10 level twice before dropping down to break the bearish flag channel. As we forecasted in our previous AUDJPY analysis, we expected a bearish trend continuation after a retracement and that price could retest the previous low at 87.50 level. -TRADING PLAN- In the chart, we can see a clear bearish impulse breaking the bearish flag channel. This is a good sign, indicating the bear has gained control. Our plan is to enter sell positions after a retest of the broken neckline area. Sell limit: 90.300 1st target: 87.57 2nd target: Will let it run SL: 92.00 1:1.5 risk to reward ratio 1% risk If the price failed to retrace and reach our sell limit order, then no trade will be taken. We will come back with more good setups :) Check out our recent trading ideas below :)
Short
by NicoBeau_Capital
AUDJPY: A Bearish Flag Pattern Provides a Great Sell OpportunityAUDJPY has been moving in a short-term downtrend. Recently, it has arrived at a new low at the 87.50 level. From 87.50, the price formed a bearish flag channel, aiming to retest the previous support area of 91.50 ~92.00. From that price level, we will observe whether the price would consolidate and then fall to break the uptrend line. After a breakout, we will prepare our sell entries at the trendline to capture the retest.
Short
by NicoBeau_Capital
AUDJPY back to to the 90s? 🦐AUDJPY on the 4h chart is trading above a 4h support. The price after the bullish impulse never provided us a retracement and tested after the recent high the 0.618 Fibonacci level. How can i approach this scenario? I will wait for the London market open and check for a possible break below the support area. In that case i will look for the application of Plancton's strategy and set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
18
AUDJPY 4hour Analysis May 8th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Ranging Trade scenario 1: On higher timeframes we can see AJ has been mainly bullish. Only until we hit 95.000 resistance did we see any sort of reaction. After 95.000 resistance was met we saw a 4hour transition which developed into 4hour ranging/consolidation. Essentially, we have no present trend to trade. In order to continue bullish we need to see a bullish break of the range in the form of a higher low above 92.850 Trade scenario 2: It is most likely that for this week we will see the ranging continue and price action will head toward 91.000 support.
by ForexLeague
Is it too good to be true ??AUDJPY looks to be in a perfect place for a short position right now, I personally opened my short near the wave Y end, though it seems like i wont be closing it any time soon unless this scenario looks to be invalidated. For time being, my bias on AUDJPY is neutral for HTF, since everywhere i look, people are rooting for short, which will be making the downward move more difficult. Smart money can easily manipulate the market and squeeze all those shorters.
Short
by syedhamza2135
AUDJPY 4hour Analysis May 1st, 2022AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: The higher timeframes are mainly bullish but it is clear to see that we are overextended. We even can see monthly wicks and weekly rejection so a reversal may be imminent! On the 4hour we are strongly bearish and this timeframe will be the one to tell us where price action is going next. Ideally we continue bearish and break support at 91.000. If this happens look for a lower high below which will present a great short opportunity. Trade scenario 2: For us to consider AJ bullish for entries we need to see a higher low above 92.850.
Short
by ForexLeague
1
AUD/JPY SHORT trade to 91.16Hello All, apologies for not posting sooner, today was my anniversary and so spent most of the day out and about with my girl, Valid short trade on the AUD/JPY pair. Began to roll over Friday's close but wanted to see it break that support line (illustrated by red arrow on chart) which it now has. Wasn't able to post when it was the most optimal trade as soon as we rejected that orange line as resistance, but still plenty of room for profit on this trade. Updates to come. Safe trading. :)
Short
by UnknownUnicorn37609548
AUDJPY 4hour Analysis April 24th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: This pair is extremely over extended and the daily timeframe shows that best. We are on the 4hour timeframe on this analysis to showcase the potential for this week. Ideally, price action continues in this steep bearish trend and falls to 91.000 for structure formation. We can then consider long scenarios if we see a 4hour bullish trend emerge. Trade scenario 2: I would not consider long scenarios on this pair yet but we could see price action reject off 92.850 support and consolidate some more. This pair is due for a pullback so we have to be careful where we consider long scenarios.
by ForexLeague
AUD/JPY (Gartley Pattern) 1HRPAIR: AUDJPY TRADE: GARTLEY PATTERN POSITION: BUY TIME-FRAME: 1HR -------------------- Another intraday trading opportunity that I'm involved with. The ratios lined up, criteria was met and my plan says to execute the trade. Let price action dictate getting involved or sitting out, based on your historical data, probabilities and rules. Be safe trading, always and trade the plan. -------------------- Truly grateful to be here and share my thoughts with everyone. Always appreciate your thoughts and what you have to say and share, let's experience Trading in a positive way, together. Time is precious, be kind to everyone and be safe in the markets, always. "See yourself as love and only have that, to give away." -------------------- Phil C.
Long
by Phil_C
AUD/JPY (Bat Pattern) 15MPAIR: AUDJPY TRADE: BAT PATTERN POSITION: BUY TIME-FRAME: 15M -------------------- Another intraday trading opportunity here on the AUD/JPY. Looking at a potential buy with a nice Bat Pattern, that may complete down at the 886%, which is a nice structure level. Excited for this potential trade opportunity today. -------------------- Truly grateful to be here and share my thoughts with everyone. Always appreciate your thoughts and what you have to say and share, let's experience Trading in a positive way, together. Time is precious, be kind to everyone and be safe in the markets, always. "See yourself as love and only have that, to give away." -------------------- Phil C.
Long
by Phil_C
Dominant Currency Sentiment – Diverging Yields JPY is once again leading to the downside as the growing divergence between US and Japanese yields keeps the currency pressured. Furthermore, Reuters argues that “many investors are betting the yen has further to fall. The latest CFTC data for the week ending April 12 shows net short yen positions are the largest in three and a half years.” In contrast to JPY and leading to the upside is AUD, with the commodity linked currency supported by the latest RBA meeting minutes, which suggested that the central bank expects a further rise in inflation and therefore expects to raise rates sooner than was initially expected. Looking ahead today’s economi8c calendar is light on tier one data, keeping the market’s focus on current themes, particularly monetary policy outlooks and their influence on external factors raning from yields to the global economic outlook.
by thunderpips
1
AUDJPY Sell signal on overbought 1D RSIThe AUDJPY pair has given a clear medium-term bearish signal. The 1D RSI got rejected late last month within its multi-year Resistance Zone with the price initially reacting with a pull-back but has since recovered and turned neutral. Every time that the price hit the 1D RSI Resistance Zone since 2020, it pulled-back to at least the previous Fibonacci level: In June 2020 it pulled-back to the 0.0 Fib from the 0.5 Fib, in February 2021 it pulled-back to the 0.5 and then even 0.0 Fib from the 1.0 Fib. Finally in October 2021 it pulled-back from the 1.0 Fib straight to the 0.0 Fib. Right now, it is trading on the 1.5 Fibonacci extension level. Naturally we are expecting a pull-back on a two month horizon to the 1.0 Fib at least. A monthly candle closing below it, can even kick-start a deeper correction to the 0.5 Fib. This is a great low risk trade for swing traders. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
4