Audjpy-short
AUDJPY shortSeveral days ago, the price dropped sharply and came to the support line.
Now I expect two actions.
The price will push off and head up. Second, there it will meet a strong resistance zone - consisting of a line and a level.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
AUD/JPY Bearish Analysis🔸WEEKLY CHART EXPLANATION:
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🔸Price is on a downtrend since 2015, making lower lows and lower highs.
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🔸We can observe that it has bounced at the Descending Trendline.
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🔸The first target that we are considering is the Support Zone at 70.000.
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🔸We have an active trade on this pair. Our short trade was triggered after the breakout of the lower timeframe corrective move.
🔸4H CHART ANALYSIS:
AUDJPY Correction Elliot wave ShortFundamentally interest rate cuts pending, and over extended price where else the forecast for AUDUSD at 0.73 by end of the year and 0.75 next year.
Downwards correction is due.
AUD/JPY Bouncing at the Weekly Channel🔸 WEEKLY CHART EXPLANATION:
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🔸On the Weekly Timeframe, we can observe that price has been moving on a Descending Channel since 2015.
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🔸Now, it has bounced at the upper trendline, making a lower high.
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🔸We consider that this pair has potential to make a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
AUDJPY SHORT IDEAWell pretty simple, I believe.
I am hoping I have not missed my entry. However, I am bearish on AUSSIE, with my notion that GBPAUD and EURAUD will be long, I am bearish on AUDJPY and AUDNZD. Also bearish on GBPJPY. This is what I have come to know as Fractional Disparity at its finest.
That being said if I'm wrong or my timing is off on one, it is more than likely I am wrong on all, laughs in I hope not.
Need to remember if price is truly bearish it will more than likely not break the previous high.
Following my arrows a nice little H/S is forming. Price will drop significantly to fill the wicks. I expect consolidation and a retest of the bullish trendline before continued movement down.
I have sell limits in place, but I will be watching like a hawk.
I started a blog about my trading journey, my site is no where near done, but I do have a post up. If you want check it out.
fundyourtradingfuture.weebly.com
AUDJPY short The price is now at the resistance line. And in the future, I expect the price to go to the support zone.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
AUDJPYExpecting some volatility during the night session. Affter this break we will get the price touching the trend line
AUDJPY Possible reversalAUD as the stronger and JPY the weakest currency for the last 3weeks, this pair hit monthly high and now im looking for a correction on this pair, some possible reversal.
Trade setup,
Sell Stop @ 77.220
Profit Target @ 76.750 (47 pips)
Stop limit @ 77.500 (28 pips)
Alternative scenario,
Price close above 77.900, look for further upside as 80.00 a key level.
.. just my thoughts
AUDJPY down to levelThe price came to a strong resistance line. And then I expect to go down. Breaking through the support line. The ultimate goal is support level.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
AUDJPY broken an impotant lineThe price has broken through an important resistance line and now I expect a good pullback to the support level of 72.9.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
AUD/JPY Expecting a move down breaking supportYo traders,
AUD/ JPY has moved perfectly rejecting resistance as expected and moving lower as predicted on Aug 16 chart posted here.
I am presently expecting it to break the support and move lower next week. As you can see on daily TF and 4HR as marked on the chart it has formed an Elliot wave pattern (ascending bottom rising). Has already moved past the resistance and broken trend line. expecting to move further down in the Short term.
Please like, support and comment if you like the idea. Share your ideas here too in order to learn from each other.
Thanks
Madtradex
AUD/JPY Expecting a move down towards supportYo traders,
AJ has been in a good uptrend and in need of a correction. Presently expecting it to retest the resistance and then move down towards support .
Lets wait and watch
Please like and support. Share and comment as any feedback is welcome
Thanks
Madtradex
AUDJPYLooks like AJ is about to play out for me, as predicted price rose slightly and hopefully will now continue down..
AUD/JPY Double Top🔸 4H CHART EXPLANATION:
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🔸Price did a double top pattern at the Resistance Zone.
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🔸It has broken the Ascending Trendline, however, it did not start a bearish move after that.
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🔸 We are waiting for some bearish momentum before considering a bearish trade.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYIS:
AUDJPY: Testing 75.000!Daily Time Frame: Starting on the higher time frames we can see signs of rejection at this area of daily resistance right around 75.000 key psychological zone.
4hr Time Frame: Scaling down we can see price creating multiple tops. If price manages to hold below this daily resistance, then look to sell this down to 74.250 and potentially 72.500. However, if price breaks above this zone look for a break and retest with signs of rejection in order to buy this up to 76.500. Due to the uncertainty of market fluidity, risk management is highly recommended.
AUDJPY SELL- STRONG RESISTANCELikes and comments if you want more trading setup. Thank you!
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SL: 76.899
The price has reached
strong resistance.
In 4H and 1H chart we
have rejections confirming
the sell.
Potential SELL setup on AUD/JPYPotential pullback on the AUD after extended bullish gains & economic updates from Australia revealing economic growth is the weakest since 2009. RSI revealing AUD is extremely overbought. Watching closely on 1H & 15M TF short position setups between 75-74.5.
