AUDJPY bounced at the 0.618 🦐AUDJPY after the recent highs retraced until the 0.618 Fibonacci level.
The market from there started a new impulse until the weekly resistance and currently is attempting to break above.
According to Plancton's strategy, if the price 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.
Aud-jpy
AUDJPY - SWING - 03. MAR. 2021Welcome to our weekly trade setup ( AUDJPY )!
-
1 HOUR
Bearish pullback in a bullish market structure..
4 HOUR
Pullback formed and price retraced.
DAILY
Expecting more upside pressure now!
-
FOREX SWING
BUY AUDJPY
ENTRY LEVEL @ 83.150
SL @ 82.140
TP @ 84.610
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDJPY 1H TIMEFRAME IDEA SHORTLooking to go short on AUD/JPY after the breakout of the monthly ascending wedge, from which retest might occur, and then place your short position.
** You are not obliged in any way to follow this idea/analysis.
This is just my interpretation based on my indicators.
Follow me for more ideas/forecasts.
AUDJPY 4hour Analysis February, 28th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Price action is still overall very bullish and could be due for a reversal at key support. Ideally, we want to see price action reversal at the current level (82.000) and show strong bullish setups we can then enter on. Look to target higher toward key resistance levels.
Trade scenario 2: Personally I’m not interested in taking short positions until I see lower highs below 80.800 because price action could technically fall to 80.800, reverse and still be overall bullish.
AUD/JPY On a Critical ZoneGood morning traders, today we bring you a long-term analysis of the AUD/JPY pair, since it is in a critical zone.
🔸Speaking a bit of context, we see that this year the price broke up the Bearish Channel, which is a strong bullish signal.
🔸After that break, there was no interesting Supply Zone, so it had a clear path to the current price level.
🔸The area that it is facing right now is a Resistance Zone that throughout 2018 could not penetrate to the upside, and finally started a great bearish momentum after bouncing numerous times.
🔸Given the previous point, we are waiting for a clear behavior to be able to make a decision to trade in this pair, and, for the moment, we will stay out of any trade.
🔸In case of seeing a Bullish Breakout, the next target zone is about 500 pips away at 88,600.
🔸In case there is a strong rejection to the downside, we may see a Bearish Move towards the Support Zone at 77,800, about 500 pips away as well.
AUDJPY is facing bullish pressure, potential for more upside!AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our horizontal swing high resistance and it coincides with the 61.8% Fibonacci retracement . If prices were to fall, then it might reach our the 2nd support level which coincides with our pullback support as well as the 78.6% Fibonacci retracement .
AUDJPY is facing bullish pressure, potential for more upside!AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our horizontal swing high resistance and it coincides with the 61.8% Fibonacci retracement. If prices were to fall, then it might reach our the 2nd support level which coincides with our pullback support as well as the 78.6% Fibonacci retracement.
💡 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!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡 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!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
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
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 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