Audjpy-short
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.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced.
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment.
Thanks,
Team Lupa.
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!
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:
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.
AUDJPY - Drifting after breakoutAfter breaking out from the channel, AUDJPY is drifting and if it manages to go under the blue zone and make a retest we can make an entry.
Targets would be around 66.120 and 65.360, giving us between 4 and 5:1 R/R considering the stop loss above the last move, around 69.100.
A plus is the JPY being a strong currency during these risky times, that can help this trade development.