AUDJPY SHORT SETUPAUDJPY possible direction.
Trading plan marked on the chart.
Note: this is not a trading signal, please perform your own analysis and trade at your own risk. happy trading!!!
Audjpy-short
AUDJPY. SimplePrice has been trading between the 77.33 and 79.85 range since almost the beginning of 2019.
As you can see we have an upward trend creating higher highs and higher lows.
Price is being squeezed into an ascending wedge.
If price reaches the 79.45 area and rejects this level, this will create a lower high and be the top of the right shoulder for the head and shoulders pattern, suggesting a reversal in price towards the downside.
Waiting for price confirmation (Bearish pin bar of engulfing bar) at 79.45 on the 1 hour or 4 hr chart to go short.
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Nath
Potential AUDJPY short.AUDJPY has been trading in a range for the past few days. It is nearing the top of the range and so ive placed a pending sell limit at the top.
AUDJPY resistance areas- possible shortSee chart- would also like to see a bearish EMA crossover if it does reach this level and there is too much selling pressure before taking/ thinking about a short position.
This is my first post on here just seeing what it is like!
Peace & Love
AUDJPY: Watch this - don't kick yourself!AUDJPY is in a critical zone on the 3D time frame. This is one to get ready to short, on a lower time frame. Price is struggling in the congestion zone, which contains a heavy bearish investor sentiment. This does not mean price is bound to head south. It means that the probability estimate from this time frame is for the south. For every probability in one direction, there is a residual probability in the opposite direction.
AUDJPY - One more push lwoer before ralling ?We are in a Triangle formation and we should very soon see price go down for wave E.
We should ideally see a 3 waves decline.
Note that wave E sometimes is quite small so that it doesn't have to touch the lower trend line.
This count gets negated if price goes above wave B and below wave A.
AUDJPY - Will The Yen Be The Safe Haven Yet Again? With JPY new set for tomorrow with the Bank Of Japan discussing the Monetary Policy and the governor of the BOJ speaking on the Bill Of Exchange, this could be a influencing factor as to where AUDJPY price would like to move.
Currently, at the time of writing this article, we are sitting above the 78.750 monthly key level. We are respecting the descending trend line, however we have broken the ascending trend line. Price has also been ranging between the 77.700-79.800 price region from early January till now. We began to see downside momentum after consolidating between the 25th of February and 5th of March, where we then saw price break the consolidation zone creating a lower low followed by a lower high.
I favour a short bias however I'd like for price to close below the monthly key level or see a break and retest. Price could also push higher, seeing stop hunts and break the descending trend line and retest the ascending trend line, around the 79.500 price region, which will be another retracement to the 61.8 Fibonacci level. I will be waiting for more confirmation on this pair however price looks bearish. With speculation in the air surrounding the Aussie Dollar likely slipping below 0.70 USD in the second half of 2019, this may be a high probability setup with downside targets of 73.500 and 71.000 long term.
If the descending trend line is broken, retested and then we see an aggressive bullish movement, this short may be invalidated. As always, risk management is key and trade responsibly. Only use my analysis in line with yours, do not doubt or change your bias.
If any further questions are needed, hit me up on instagram: keownarcher
AUDJPY Short OpportunityHey guys, AUDJPY has turned bearish on the 4 hour chart. I'm looking for a pullback and continuation to 77.775 Support level.
AudJpy This was put up on here over the weekend about directional bias.
-Price has finally broken out the 4 hour channel.
-Retest on 1 hour time frame.
-Looking to target next 4 hour support as first target.
AUD/JPY ShortBearish engulfing below 78.666 level, had two massive wick rejections to the upside indicating this pair doesn't want to continue bullishly. Possibly the last touch on the trend line as i have found the 4th touch can be a pretty significant reversal touch number (if that makes sense haha). I am also bearish on AUD this week overall, but am thinking we will get a slight bullish pullback on Monday morning (perhaps around 10-20 pips) then proceed downward. Trade safe and keep grinding everyone.
AudJpy Short position on this pair.
-Price has been sold off on the weekly and daily time frames.
-Price action has pulled back to test previous support which now could potentially turn into resistance.
- Daily resistance lines up with 0.5 Fibonacci retracement.
- Downside target of 75.000 round number
- Will need to see some clear rejection of this area and before looking for short positions.
AUDJPY H1 Wedge Pattern - SHORTAUDJPY is starting to make Wedge Pattern. You can sell it from 78.600, SL 30 pips above and TP at 77.000
AUDJPY NESTED ZONE H4 the zone is well nested in the weekly and daily zones. waiting for a come back and its triggered.
AUDJPY Sell Opportunity - Volume Candles on TradingView!Waiting for the news and testing Volume Candles .
AUDJPY ShortAUDJPY short idea after a formation of a flag pattern, breaking through the fractal downside and breaking through all EMAs.
AUDJPY SELLIt may be in an uptrend, according to the DAILY chart but it seems to be consolidating on the 15 and 5 intervals where the analysis was made. If it is consolidating, it will be dropping some. The double top off of the resistance zone and the overbought RSI were also good indicators.
Short AUDJPYFollowing the longer term down trend and reaching the top of the channel on the 4 hour.
Nice little short trade, with a TP at the previous support level around 79.500.
Note supporting confluence with the RSI in a downward direction
nice trade ideaprice making noticeable patterns lower lows and lower highs where the support is getting retested as resistance. Now as you can see price moving respectively withe ascending trend line to retest the resistance. I have placed a sell limit and i have 2 targets
AUDJPY possible shorting opportunityprice broke the ascending trendline and closed below, however i will be waiting for a retest of the previous support as resistance.
AudJpy ShortAfter a very nice short from the top of the 4 hr channel, we made new lows.After price hit the 79.90 support was too strong and we caped off the end of the inverse HS on the 1hr chart. Looking to go long after we reach the original break out point around 81.2 and we get any signal.
