AUDJPYLooks like AJ is about to play out for me, as predicted price rose slightly and hopefully will now continue down..
Audjpy-short
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.
AUD JPY - ShortWe saw in our private analysis the pair hit the monthly zone and reject strongly.
We took a good sell from 75.4 and closed at 73.00 but kept one position open.
Onto the cot data:
However the Aussie has had orders shorted for the past 13weeks.
Long Short Total %Long %Short
JPY Avg_13 53,429 27,665 81,094 66% 34%
AUD Avg_13 25,870 59,197 85,067 31% 69%
What can we see technically?
- Daily bullish but breaking momentum with the touch of 74.4 zone +
- weekly correctional bullish
- bounce from the monthly supply .
- we can see the trend beginning to add long positions to correct with the Aussie but also added from the Yen too.
- we have made a good impulse and now correction and next impulse is beginning.
- now in a consolidation zone with some great wicks formed and a reversal to the downside
Where to enter?
Follow your plan
we entered at 75.4 and 74.04 level as we could see these zones lining up with our analysis
Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.
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Team Lupa.
AUDJPY SELL- STRONG RESISTANCELikes and comments if you want more trading setup. Thank you!
Visit our channel!
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.
AUDJPY DOWNSIDE - 72 / 71Capped at fibonacci with a potential head and shoulders pattern, the price needs to return back to it's smoothed moving averages. With the current riots and negative economics surrounding the US Dollar this week, this may be a case of JPY picking up speed for safe haven.... Enjoy!
short AUD/JPYDear traders aud/jpy is moving inside a channel and it has shown signs of rejection so short it.
target-point:1.70100
stop-loss:if it closes a 4 hour candle above the broken fibo level close the trade.
if you liked my idea like it and push follow button.
AUDJPY H4We wait patiently for a complete move up to about 70.170
We carefully pick a rejection around that zone and sell
Apply proper money management
AUDJPY Short IdeaAUDJPY has been in an uptrend but now I am starting to see some possible divergence and could break the trendline on the 4H Chart and continue to fall to the downside.
AUDJPY nice short for a few hundred pipsShort idea place your own stop loss etc as per risk management on your account
AUD/JPY Corrective Move Finished by ThinkingAntsOk🔸 DAILY CHART EXPLANATION:
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🔸 Price made a Strong Downside Move since the beggining of the year, which has been corrected for the last weeks.
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🔸 Now, it is facing the confluence zone between the Descending Trendline and the Resistance Zone.
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🔸 We consider there is Bearish Potential from here.
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🔸 Will look for a lower timeframe bearish setup.
🔸4H CHART ANALYSIS:
AUDJPY ShortHere we can see a lovely harmonic pattern formation, now I am looking to swing this all the way down to the 68.00 level. A risk/reward ratio of 1:3.5 which we should get some good gains out of. Let me know your thoughts below!
AUDJPYHello Traders
In this round of AUDJPY we look at a bearish flag, rising wedge or. whatever you may call it.
I'm calling it easy money.
In my opinion the trend. has started, the wedge is broken and a sell is in play.
Will be updating during the week if required or. requested.
Follow me for updates during the week and join the discussions on Telegram with "Quickpips Free Chatgroup" - I'll put the link on my status! :)
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
AUDJPY - Patience is keyHello Traders.
This week on AUDJPY, time is on your side with this pair.
If 70.000 holds, there is going to be a push in the bearish direction with this pair. (Moves within red ellipsis)
Once it breaks its smaller timeframe trendlines the pair could crash down to either 67.000 or 64.000.
After this, depending on where new resistance areas may be, I could then see it coming up to the trendline at 72.000-73.000 if it rebounds at 67.000.
However, if it hits 64.000 it may retrace back up to 67.000 before its next move becomes clear.
Please share your views, like and comment and even give me a follow :)
Thanks, Roo.
Please note, I am not a professional trader and do not control the market. These are simple ideas based on what I see and what I have learnt. Risk is on you if you choose to follow as I cannot be responsible for your Forex account.
AUD/JPY Bearish Scenario by ThinkingAntsOk🔸 4H CHART EXPLANATION :
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🔸 Price has bounced at the Dailly Resistance Zone.
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🔸 It has broken the Ascending Trendline.
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🔸 The target zone of the move is the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
