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Aud-jpy

AUDJPY in a bearish momentum 🦐AUDJPY after getting close to the monthly descending trendline (purple) ebds the bullish trend and broke below the weekly support. The price currently broke the uptrending channel. According to Plancton strategy at the retest we can set a nice short order. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Short
by InkyGrip
15
Two Sell opportunities on this chart for AUDJPYMid-Term Forecast Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (76.1). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 75.10 TP2= @ 74.40 TP3= @ 72.50 TP4= @ 70.00 TP5= @ 67.60 SL: Break Above R2 --------------------------------------------------------------------------------- Short-Term Forecast Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (76.05). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 30. Take Profits: TP1= @ 75.11 TP2= @ 74.42 TP3= @ 72.50 TP4= @ 72.50 TP5= @ 71.86 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 ❤️
Short
by ForecastCity
12
Two Sell opportunities on this chart for AUDJPYMid-Term Forecast Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (76.1). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 75.10 TP2= @ 74.40 TP3= @ 72.50 TP4= @ 70.00 TP5= @ 67.60 SL: Break Above R2 --------------------------------------------------------------------------------- Short-Term Forecast Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (76.05). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 30. Take Profits: TP1= @ 75.11 TP2= @ 74.42 TP3= @ 72.50 TP4= @ 72.50 TP5= @ 71.86 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 ❤️
Short
by ForecastCity
18
AUDJPY 4hour Analysis September 20th, 2020AUDJPY Short idea We recently saw a ton of bearish volume step into the market which broke a higher low and key zone at 76.500 which changed this 4hour trend from bullish to bearish Trend: Bearish Trade scenario 1: Bearish momentum continues and gives us entry confirmations on the currently forming lower high. Look to target lower toward 75.000 Trade scenario 2: Price action reverses and pushes back through 76.500. Look for a higher low to confirm the reversal. Target higher once again toward key resistance around 77.500
Short
by ForexLeague
AUD/JPY Daily Cross Signals Bearish MomentumHello Fellow Trader! Price breaking below daily pattern trend line and if held, could commence the exit sell down to levels we have not seen since June. AUD/JPY is at a critical zone to determine its fate. This week Japan announced Yoshihide Suga as their official Prime Minister, and US retail data overnight weakened supporting the Nasdaq and SPX drops. Key Points: - Daily – Crossing pattern trend line - Daily – RSI at 50 mid-point - Price holding below the 200 EMA - Price holding below the 50 EMA - Price found support at 78.6% Fibonacci (September Low to September High Range) - IF: Target 2 is hit, a small core position can be held to target June zone seen in daily. Key Levels: Support - 76.440, 76.110 Resistance – 76.785, 76.930, 50 EMA, 200 EMA, 77.060 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 76.920 Supporting Entry – 76.785 Candle Reversals for entry - Bearish Shooting Star - Bearish Engulfing - Bearish Dark Cloud Cover The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above 77.080 level and violates 200 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 76.920 – Target 1 76.440 = 5x Reward to Risk Optimal Entry 76.920 – Target 2 76.110= 3x Reward to Risk Supporting Entry 76.785 – Target 1 76.440 = 1x Reward to Risk Supporting Entry 76.785 – Target 2 76.110 = 2x Reward to Risk
Editors' picks
Short
by tradetheday
14
AUDJPY 4hour Analysis September 13th, 2020AUDJPY Long idea This pair is significantly bullish on major timeframes and we will continue with the overall bullish trend. Current price action is at key resistance at 77.500 & we’re looking for a clean break and retest before we enter long. Ideally we want to see a higher low above 77.500 with strong bullish setups. Target higher toward prior highs and negative fib levels. If we see a reversal at 77.500 with some 4hour lower high it is likely that price action will push lower toward support at 76.550. We will re analyze if and when this happens.
Long
by ForexLeague