AUDJPY - Short IdeaI have highlighted the areas of support and resistance.
Rising wedge has broken, the close of this candle will be important.
Use that risk management! 1-2% of your entire portfolio!
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Aud-jpy
AUDJPY: BUYOverall, we see bullish integrity on all timeframes with AUDJPY this week.
If we see price heading back towards the support level of 80.473 , we must keep an eye here (horizontal line drawn on our analysis).
-If price breaks our support level majorly, we can expect a scalping opportunity for Bears/Sells to enter, however, we are expecting price to keep it's bullish trend to take it down to the monthly Buy Zone (79.436 - 79.930) and ride it back up to our Take Profit (EXIT) area of around 81.510 .
AYDJPY looking for a break 🦐AUDJPY is not consolidating below a weekly support.
The price creates a minor range and according to Plancton's strategy IF the market will break above we can set a nice long 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.
AUDJPY 4hour Analysis February, 7th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall this pair is very bullish on all timeframes. We recently saw resistance at 80.250 break and price action surged higher. Ideally we want to see structure form with a retest of broken resistance. Look to enter long on a confirmed higher low with strong bullish setups. Target higher toward our -27% fib level.
Trade scenario 2: For us to change our bullish bias on AJ we need to see a break of support at 80.250. Price action would then fall back into our range between 79.600 & 80.250. We won’t yet be ready for shorts but it’s the first step toward a bearish bias.
GO LONG!we have entered a Long position on AUD/JPY. we currently entered this trade at 80.34. This trade is still inactive therefore you can still enter from 80.312 or under. if price pushes past our entry zone then unfortunately you've missed the trade.
we are hoping to see some bullish momentum here on this pair which may not happen until later today (Uk Time currently 09:15).
Please watch over this as we will be updating you throughout the day and with any bearish momentum we will advise whether to hold or close positions. Lets hope we see a winning trade to end a BIG week of profits!
AUDJPY: Be ready to SHORT this CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/JPY
⚪ Technical Analysis :
Since the 10th of January 2021, the price has been following a clear descending channel, bouncing few times on its dynamic channel's lines.
Yesterday, the 1st of February, the price reached its dynamic resistance line, getting a nice bearish rejection on that level.
It is currently re-testing the support zone at about 79.700 and the next price action will be essential to understand the next market movement.
🔴 Conclusion :
The price is just in the middle of its channel, around a support zone at about 79.700.
I'm confident to see it having a small correction before falling down through the support zone until its dynamic support line.
I'm already holding a short position but I'll be waiting for the breakout of the support zone before planning my second position around the level 79.400.
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
AUD/JPY easy Elliott wave analysiseasy Elliott wave analysis
((this is not a trade recommendation or Signal,, it's my view,, trade it at your own risk))
AUDJPY 4hour Analysis January 31st, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall price is still very bullish on all major timeframes. We did see a 4hour transition when support at 80.250 was broken but since then price action has been ranging. For us to continue with an overall bullish trend we ideally want to see a break and retest of 80.250 with a confirmed higher low above. Look to target higher toward negative fib level and key resistance.
Trade scenario 2: For us to consider short scenarios we want to see a break and retest of support at 79.600 with a lower high below. Target lower toward major levels of support.
AUDJPY - ShortPossible short opportunity on AUDJPY.
Descending channel making lower lows and lower highs.
A break in the in-channel trend line will call for a shorting opportunity from the 79.95 level down to the 79.15 level.
confirmation of the break will be strong bearish closed 4H candles as well as signals from the MACD and RVI.
AUDJPYBack at 80.00
If we are going to have a risk off this pair could be a good substitute for spx500.
However there is a RBA meeting next week.
SL have to go above 8.50.
AUDJPY breaking the support 🦐After our last analysis on this pair, we check again for the next move AUDJPY.
On the 4h chart, the price is testing and currently breaking the support area.
If the price will break below, according to Plancton's strategy, we can 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.
AUD/JPY sell now, buy later🧙🏻♂️The pair is in a massive uptrend on higher timeframes. We are gonna sell it now and aim for the 79.6 area of support. We will then wait for some confirmations signs before going LONG on the pair🙌🏻
Share your ideas in the comment section, family🙏🏻
AUDJPY: SHORT Opportunity on this BREAKOUT! (With Signal)Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/JPY
⚪ Technical Analysis :
Since November 2020, the price has been moving following a clear ascending channel, reaching at the beginning of January 2021 a strong daily and weekly resistance zone at about 80.800 that rejected the price many times in the past.
It failed a double attempt to break through that level and once it got a second rejection, the price collapsed down.
It is currently creating an interesting descending triangle and the next price action around that area will be essential to understand the next market movement.
🔴 Conclusion :
In the daily perspective I can clear see that the price has been moving with a strong bullish impulse since many weeks ago and now that it reached an important resistance zone, I'm confident to see a possible trend correction.
I'll be waiting for a breakout of the support zone at about 79.600 as a confirmation, before planning my short position on this trade.
Once I'll confirm the new downtrend, my first target would be the level 78.750 and my SL on the level 79.950.
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 - Trade Idea! Good morning Traders!
Some get excited for the weekend but I get most excited for the Monday mornings! On the weekends I do get up early on Saturday - Morning routine and I did my analysis. I got something special for you this weekend - There will be a video coming out this weekend going through major pairs for the week ahead - We are in for a treat all of us! If you'd like access to the week ahead video - Message privately or simply comment down below.
Technical Aspect AUDJPY 1HR:
Pattern: Descending triangle formation
Support: 79.750, 79.530, 79.230
Resistance: 80.185, 80.275, 80.375
How to approach this trade idea:
- Look for pull back towards the resistance areas taking it down towards the great support areas!
- 50 & 200 EMA are great resistance zones
- Want a better price? Go towards lower time frame perhaps 15Mins chart for intraday trade - finding a what fits your plan to get into a short.
Key Tip: Follow your own trade plan, the analysis I provide you is just a guidance - add your own creative aspects towards trading to add further confluence and confidence.
Thank you for the comments & messages received, really grateful for the great positive trading community!
Have a great week ahead
Trade Journal
(Just trading Idea, not a recommendation)
AUDJPY 4hour Analysis January 24th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are still very bullish on this pair, however, we saw a 4hour higher low break/transition. For now we will wait for strong bullish setups and higher lows. This pair remains bullish on the daily timeframe as long as price action holds above 79.600. Look to target toward prior highs and negative fib levels.
Trade scenario 2: For us to consider short positions we need to see strong bearish momentum and lower highs below 79.600 & 79.000. Target lower toward significant levels of support.
AUDJPY on a rising wedge? 🦐AUDJPY after our last analysis retest the weekly resistance.
The price created a rising wedge formation near the 0.618 Fibonacci retracement.
According to Plancton' strategy, if the condition will be satisfied, we can 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.
AUD/JPY UPTREND ANALYSIS WEEK OF 1/21/2021 Not a tutorial. Just another trader analyzing the markets. Feel free to comment.
AUDJPY Long PositionPrice is trying to breakout above resistance. We can see a buildup in momentum so we just need to wait for confirmation with closed candle above this level.
Is it time to short?!At the moment, the price is testing two important zones: the horizontal resistance and the channel resistance.
If the resistance level is respected and the next candlestick turns bearish, I believe that we might have the same market behavior as on Jan 8th and Jan 14th.
If you have a different view, please share, I would love to hear your analysis.
AUDJPY 4hour Analysis January 17th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AJ is bullish on all major time frames except the 4hour where we saw price action break a higher low. Now we’re looking for a reversal and established higher low near our 78.6% fib level around 79.600. Look to enter long and target higher toward key resistance levels.
Trade scenario 2: For us to consider short positions we need to see a break and retest of 79.600 with a confirmed lower high. Enter short and target major support levels.
