💡 Don't miss the great sell opportunity in AUDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (84.47). 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 support.
. The RSI is at 55.
Take Profits:
TP1= @ 83.41
TP2= @ 82.40
TP3= @ 81.35
TP4= @ 80.45
TP5= @ 79.05
SL: Break Above R2
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Aud-jpy
💡 Don't miss the great sell opportunity in AUDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (84.47). 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 support.
. The RSI is at 55.
Take Profits:
TP1= @ 83.41
TP2= @ 82.40
TP3= @ 81.35
TP4= @ 80.45
TP5= @ 79.05
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
AUDJPY UPDATE.. TP1 HIT FOR 70 PIPS!!!A quick update before we switch off for the evening before an early start on the markets in the morning.
Our AUDJPY trade which was entered this morning hit our Take profit target for a total of 70PIPS!!!
A massive gain on our capital this week.
But once again were staying humble and will continue with the grind first thing tomorrow morning. Keep your eyes pealed!
Good luck traders.
AUDJPY RUNNING 50 PIPS DEEP!Another well executed trade we entered here at forexinsightsuk this morning. We've been running in profit the majority of the day but now the Australian market is wakening we're seeing big movements happening heading towards our Take profit zone. We are currently 50 pips in profit which is a huge gain on our capital. Holding this position until hopefully our targets are reached. We will update you all when we have banked profits later on this evening.
Have a good evening guys!
AUDJPY a staircase to heaven 🦐AUDJPY on the 4 h repeated the same move creating an ascending ladder.
The price after every consolidation broke above and created a bullish impulse.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order opportunity.
–––––
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.
AUDJPY 4hour Analysis February, 21st, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: This pair has been extremely bullish on all major timeframes. Currently price action is very overextended and is right near our weekly resistance near 83.250. We still have yet to see any signs of bearishness but even with a large pullback we will remain bullish as long as price action is above 82.250. This is the most relevant level of support even though it is minor.
Ideally we want to see a pullback to this level followed by a strong reversal that we can then enter long on. Look to target higher toward key resistance.
Trade scenario 2: For us to consider AJ bearish we need to see a swift break of 82.250 with a lower high or retest below. This would technically be a counter trend trade according to the 4hour and higher but the large volume could present some shorter term low timeframe trades. Look to target lower toward key levels of support after we can confirm a lower high below the 82.250 level.
AUDJPY: The price REACHED a strong RESISTANCE ZONEPair Analysis Complete
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🟢 Forex Pair :
AUD/JPY
⚪ Technical Analysis :
Since the 2nd of February 2021, the price has been following a strong uptrend, re-testing few times its secondary trendline.
Once it reached the main resistance zone at about 82.280, it started a consolidation phase just below that area.
It is currently moving with a clear sidetrend, getting close to its trendline.
🔴 Conclusion :
The price definitely reached an interesting resistance zone and considering many rejections in the past, I'm confident to see an upcoming bearish movement.
I'll be waiting for the price action around the trendline and eventually it will break down closing at about 81.715, I'll plan my short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDJPY LongThe Australian Dollar has seen strength against the Yen for the past couple of months and I expect it will continue moving into next week. The Aussie did well while some uncertainty loomed this week over unemployment numbers, the expectations were beat by .1% not causing much fluctuation in the pair. This isn't the main reason for this trade however, this is mostly a play on the Dollars continued recovery after also beating expectations this week. The contra-positive relationship it holds against the Yen makes this pair work in my favor as the Yen struggles against the dollar. The reason I don't just trade USDJPY or a different USD pair is to avoid too giving myself too much direct exposure to the dollar, as the Fed will be meeting next week, and I would like to protect myself from volatility.
AUDJPY 4hour Analysis February, 14th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action is still very bullish on this pair and doesn’t show signs of stopping yet. From where price action currently is we would ideally like to see a pullback with a confirmed higher low before entering long. Look for possible entries around 81.000 and target higher toward negative fib levels. Technically price action can fall to 80.250 and still see a bullish reversal.
Trade scenario 2: For us to consider AJ bearish we need to see a lower high form below key support at 80.250. Look to enter short on strong bearish setup confirming the lower high and target toward major support levels.
Uptrend and triangleToday's option is at AUDJPY. We see an upward movement of both H1 and larger periods.
At the same time, the price currently forms a triangle, which we expect to continue moving to 81.65!
A break of the triangle and the previous top is assumed to confirm the direction.
Stop is placed under the triangle!
If you have questions about how to trade this or another situation, contact us!
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