AUDJPY H4 | Falling to support level?AUDJPY is falling from a pullback resistance toward our take-profit target level.
Entry: 96.789
Why we like it:
There is the pullback resistance level
Stop Loss: 96.870
Why we like it:
There is the overlap resistance level.
Take Profit:95.288
Why we like it:
There is the pullback support level
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AUDJPY
AUDJPY | COULD BE A GOOD REVERSAL BUY? Hey Traders!
AUDJPY - although its definitely trending to the downside, I feel we might have a push to the upside due to it sitting on 50 daily moving average, while also sitting on a strong monthly support pivot point.
I highly doubt its going to break it easily and this makes for a great trading opportunity, AUD is currently being bought by hedge funds while jpy is being sold off.
Since we are going against the trend, your risk management plan should be tight and a lower lot size is recommended.
AUDJPY Potential DownsidesHey Traders, in the coming week we are monitoring AUDJPY for a selling opportunity around 98.200 zone, AUDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 98.200 support and resistance area.
Trade safe, Joe.
AUDJPY Set To Fall! SELL!
My dear followers,
This is my opinion on the AUDJPY next move:
The asset is approaching an important pivot point 98.052
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 97.444
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUDJPY SHORT(Did this publishing on my mobile app.) On the Daily timeframe, a potential ABC pattern has been spotted. If you look left, the ABC pattern from the past is what I’m referring to. The RSI is overbought at this level and there is also a potential divergence being created between price and RSI. Buyers seem to still want to push but the effort in action seems like it’s gassing. Took an initial entry with a 1:1 setup and may start planning for an additional entry depending on price movement down the road. This is a weekly/ daily trade and will take some time. Not advice. If stop loss gets hit, we will reassess.
AUDJPY is in possible buy zone!AUDJPY is forming higher highs, signaling a bullish trend. After retracting to the designated zone and the 61.8% Fibonacci retracement level, a buying opportunity emerged for a retest of equal highs.
Anticipating a revisit to the key resistance level due to the ongoing bullish trend.
📈 AUDJPY: Analyzing Upward Momentum and Potential BreakoutHello fellow traders!
Today, let's delve into the FX:AUDJPY currency pair. Here's the breakdown:
🕰️ Timeframe Analysis : The pair is predominantly exhibiting upward momentum on the 4-hour chart, showcasing a bullish trend.
⚖️ 1-Hour Chart Dynamics : However, a closer look at the 1-hour chart reveals an attempt to break the support trend line. A potential breakout is in the cards.
❌ Caution on Breakout : Despite the attempt, there's a likelihood of a fakeout, suggesting a failed breakout. Keep a watchful eye on this development.
📈 Opportunities for Upside : Notably, there are opportunities for an upward move, with support levels evident. I've marked anticipated future upward movements with yellow candles.
⚠️ Risk Disclaimer : This analysis is not a guaranteed trading signal. It's crucial to conduct your research and analysis before making any trading decisions.
🤔 Your Analysis : How are you interpreting the AUDJPY movement? Share your insights and strategies with the community.
👋 Until Next Time : Remember, always trade responsibly. Thank you. See you in the next post!
Best regards,
Alpha Trading Station
AJ - strong resistance + Bearish order blockHi Friends!
Let’s analyses this pair from multi time frame.
JXY Weekly : Japanese Yen Index is getting rejection at strong Weekly support. Meaning, there will be a SELL pressure for all JPY related pair.
AJ H4 : Price is approaching Bearish Order Block + Resistance. Let’s monitor price action and look for SELL
FX:AUDJPY OANDA:AUDJPY FOREXCOM:AUDJPY
Pennant - AJHere I have AUD/JPY on the 4Hr Chart!
Price was Rejected @ 98.534 creating the high on Nov' 15th. Since then Price failed at the same level and again at attempted Higher High on Nov' 27th! Following this Lower Highs are Higher Lows which seem to be forming a Pennant Pattern!
Currently we have 3 Tests of the Falling Resistance and getting the 3rd test of the Rising Support now!
Pennants are likely to break Bullish OR Bearish so we must wait for the Proper Break!! Given AUD has some big news tonight, this will play a big role!
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
Fundamentally this week:
AUD - CPI (Tue) and OPEC (Thur)
JPY - OPEC (Thur)
audjpy sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDJPY Short for 1:5 Risk to RewardBuying YEN has been a risk for the past few months. In fact, it is the best time to go to Japan as the YEN is super weak.
Having said that, we have a good opportunity to sell AUDJPY now. The risk rewards makes sense and here are the reasons.
1) Daily Divergence is present
2) There is a harmonic pattern to sell at 98.50
3) Strong resistance
Stop loss would be just 30 pips and we are targeting about 150 pips in rewards.
AUDJPY | COULD BE A GOOD BUY OPPORTUNITYHey Traders!
Broke out a recent wedge, I believe we could have a nice bullish rally to the next area of resistance market in white lines on the charts. JPY banks are closing for a bank holiday I suspect some power in other currency pairs against JPY. JPY is also on an 52 week low in the futures COT data.
AUDJPY - Potential long ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to go a little bit lower to fill the imbalance and then to reject from bullish order block.
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AUDJPY possible expansionAfter price broke structure with momentum, it gradually retraced back towards a demand zone that it left behind during the expansion. It then started to consolidate, forming liquidity right above this demand, which could fuel price's expansion to the upside after imbalance has been filled and the demand has been mitigated. Due to price being in a bullish trend, our latest high is weak and thus makes it a target for price as it contains liquidity.