4HR AUDJPY POSSIBLE SHORT TO COMESEEING POSSIBLE SHORT TO COME AFTER HITTING SOME HEAVY SUPPORT AND RESISTANCE. LOOKING FOR A DOUBLE TOP WHICH COULD BE THE RETEST. OF THE RED TRENDLINE BREAK
Audjpy-short
AUDJPY Some Bearish Headway is MadeThis week, price just met the resistance trendline of the bearish sloping channel.
A bearish reaction seen by the price action as well as the MACD on the Daily chart.
A very tested channel.
Target at around 76.2 ish.
AUDJPY still in downtrendDowntrend
MACD Divergence on 4H chart
In corrective structure, so sell the breakout will be a good idea
AUDJPY sell setup formingAudjpy is expected to make a sell rally very soon. Once it breaks and closes below the dotted trend line at the downside, the sell is going to begin. Ride after carefully watching price action.
AUDJPY Short orderShort order placed at key resistance area, crossing trend line. Plenty of room to move down. Stop loss above Previous high with take profit just before Swing low
AUDJPYim looking for a short position in between 80.000 and 80.544. Ill be looking for trendline rejection, testing resistance, and etc for confirmation. If we get a reason for entry along with confirmation ill be looking to add a short position.
AUDJPY 4H Chart.Maybe ShortEven if triangle brokeup , price testing resistance , low volumes , divergence , expecting that to drop if it doesn't break the resistance
AUD.JPY - BEARISH CYPHER SETUP - 77.809On the AUD.JPY 1hr chart we have a potential short opportunity's at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 77.809 & 78.168
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 76.710
Stop loss would be placed above X leg structure resistance.
Target 1 - 77.317
Target 2 - 77.003
audjpy short im taking short on aj now stop loss above the resistance take profit zones around the green lines given
audjpythere is a simple and strong reason to go in short with audjpy that it formed inside bar on resistance level.
AUDJPY SHORT POSITIONI opened a short position Sunday evening at the 78.70 level, but was not able to post to tradingview.
Took this on the 4 hour chart with an oversold RSI confirmation
This is an update on the position
We have been moving well due to an impulsive move down , price is now consolidating on the long term trend line and forming a bearish flag. We are up about 40 pips.
This could be another opportunity to enter/ add to positions
* Be wary of AUD interest rate decisions tonight
Whispers are of the RBA to potentially attempt further easing down the line in the relatively near future
Could make for good longer term holds , especially on AUD/USD pairs with the FED looking to raise rates at some point
SHORT AUD/JPY ON BEARISH DIVERGENCEHi Guys,
I am selling the pair on bearish divergence on H1 and H4.
Targets should be set to fib levels and tight stop on the highs (blue line)
Trade with care guys
AUD/JPY |August 09 2016|- Simple setup and Entry
- Market printing clear LH and LL's
- Market stalled at 76. retraced back to 78. Making a new LL and LH
- We have a short term preceding trend to the upside
- We are going to use this preceding trend as a short term reversal for a long term trend
- As some like to call it a correction in a downtrend
- Entry at the low of the indecision candlestick / LWP / Pinbar rejection
- Stop loss at the high of the candlestick
AUDJPY short entry at 86Hi traders,
I am looking to enter the AUDJPY short. I understand that price might take a while to get there or might not even get tehre. But I am willing to wait for this setup. Be prepared.
Entry: 86.219
Stop: 87.773
Target: 82.280 = R:RR 2.53
Best of luck! Updates will coming if needed.
Another sell ideaThe AUDJPY from earlier worked out very nicely, it was a quick and easy 150 pips, now we are looking for another 200+ pips of movement.
We have a great trend line and area to trade. As with JPY pairs, if the break out can't hold, I don't want to be in it. I'll sell the break of the trend line, if it moves up and closes ABOVE the trend line I'll exit and look for something else to trade. I want to target 77.00
Trendline Rejection, Stoch Diversion: Short term tradeAfter retesting the resistance at 76.88 zone, the price would fall towards TP1 and If momentum continues, would fall further to TP2 Zone. Carefully watch Price action at 76.88-89 zone.
Strong Technical Resistance LevelAfter the increase in risk aversion after the Brexit vote, traders are slowly buying up currencies and equities whose prices became depressed during and right after this event. This buying spree creates an opportunity to short a market, as traders who bought early on after the initial drop start to close their positions and late-coming traders who who buy late are more easily shaken out of their positions. This, coupled with a significant technical level increases the chances for a short-term market reversal. Such a level is to be found @ 76.82 - 78.35. Both H4 200 period moving averages are coming together to sharply align with this level. This is definitely a level to watch after the market opening early next week.
AUDJPY SHORTLarge time frame trend is still down
Two positive data on aud, but price rally couldnt continue for long before going the other way
short period upward trend line broken, short for downward breakout
