Weekly Candle closure suggests Upside / AudJpy 🛩️Hello Traders! A different post today as we are talking about AudJpy when we usually share our thoughts on EurUsd.
0:0 Monthly timeframe
2:53 Weekly timeframe
6:35 Daily timeframe
8:52 4hr timeframe
12:30 1hr timeframe
Yen pairs have a bit of a different personaility then when it comes to trading Eurusd. The moves can be alot more harsh and unrelenting. For example trading a yen pair it may be the case that we don't recieve a retest when in the process of breaking out. Versus on Eurusd we may see a retest and price will respect level's in a more clean fashion. AudJpy previous weekly candle closed bullish above the previous weekly resistance level created during the 2nd week of August at 94.107. This confirms a change to bullish market structure and potential upside this week back to 94.69 Daily resistance zone and 95 4hr resistance zone. Our previous weekly resistance level at 94.119 which we closed above last week may now turn into a weekly support level and facilitate a move to the upside. Other key level's include Daily support level 93.559, and 4hr support level's 93.9 and 93.73. Aud Interest rates have been increasing since May 2022 but observing the Weekly timeframe, not much has happened with regard to the strength of the AUD on this pair. Interest rates are anticipated to be released tomorrow 4 hours after asian session open and it may act as a catalyst to observe a continuation back up towards structural highs at 95. Otherwise we may observe a decrease back towards 93.559 and a failed breakout to the upside on the Daily/Weekly timeframes.
Audjpyanalysis
AUDJPYThe rebound was from a very important and stubborn point 95,000, reaching the highest point since the beginning of the trend, 93,000, and after all indicators were saturated, and here we are talking technically, we must go back to the same point 93,000, but with some reversals, including 94.6, which is an important resistance line, but we must enter from where it was determined. The entry point is the most secure
AUDJPY Long Term BUYING Trading IdeaHello Traders
In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET
today AUDJPY analysis 👆
🟢This Chart includes_ (AUDJPY market update)
🟢What is The Next Opportunity on AUDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
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AUDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET
today AUDJPY analysis 👆
🟢This Chart includes_ (AUDJPY market update)
🟢What is The Next Opportunity on AUDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
From bearish to bullishThis pair has shown us a clear change in market structure by making a pullback to the fair value gap and went aggressively bullish. The aggressive move made an internal liquidity grab which can also be regarded change of character. The expectation should be a minor bearish move to the indicated demand zone, the reaction shall give us a clear indication that buyers are in power or we should see a further drop to the unmitigated order block to give buyers a complete control of the market…
AUDJPY Long Term Trading IdeaHello Traders
In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET
today AUDJPY analysis 👆
🟢This Chart includes_ (AUDJPY market update)
🟢What is The Next Opportunity on AUDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
AUDJPY: Stay away and enjoy a break outAUDJPY is positively correlated to AUDUSD, however it’s not 100%.
In addition we stay away from indecision in the market such as RANGES.
If you’re looking to trade then risk small.
We think price will get to 97.550; comment a price point you think AUDJPY will get to.
AUDJPY LONGhello guys.we are in a long setup.as you see in1hr a bullish candle closed above the last high and changed the direction of trend(CHOCH),also in 4hr we have FVG area above this OB.so in smaller time frame we can wait for reason to open our long position.
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AUDJPY I Potential move down and swing long coming soonWelcome back! Let me know your thoughts in the comments!
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AUDJPY - Bullish Tomorrow When Market Open?OANDA:AUDJPY
Looking at the AUDJPY chart and market structure on daily and weekly, I see clear signs that it will buy for this new trading week we are entering to.
Price took out sell-stops at old lows taking out buyers.
Price then proceeds further down to grab liquidity at the old swing high below, which is a breaker block.
Price reacts to the old high, closing far above it and above the fair value gap above it.
Price has clearly shown its hand that it's now ready to move higher for the new trading week.
We have a fair value gap and old highs above serving as our draw on liquidity.
Hence, I expect price to be bullish when the market opens for the new trading week.
AUD/JPY set to break to new highs?Last week we saw AUD/JPY roll over nicely from a key resistance zone, yet its fast turnaround from the 200-day EMA now has a potential bullish breakout on our radar.
A bullish pinbar formed on Friday after prices fell through our bearish target before closing above the 100-day EMA, then breaking above the 50 and 20-day EMAs on Monday. Prices are holding around trend resistance ahead of today's RBA meeting, where economists favour a 25bp hike yet money markets have priced in a pause.
A hawkish meeting could send prices above 96, whilst a pause could see an initial pullback. IN which case, we'd like to see evidence of a swing low above or around Friday's high or the 20-day EMA, in anticipation of an eventual break above 96.
AUD JPY SHORTRisk 0.5%
TP1 = 1:2.6 RR
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AUDJPY - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 95.000.
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AUD/JPY: Swing trade short below historical resistance zoneA 2-bar bearish reversal pattern has formed at a historical resistance zone just below 96. Prior breaks above it in June and September failed last year. On both occasions the market fell near the 91 area before retesting the resistance zone, and in October we saw prices accelerate lower.
What could trigger such a move this time around? Whilst nobody is expecting the BOJ to change policy tomorrow, that doesn’t mean we shouldn’t disregard its potential. And that would likely be a very strong reaction for the yen to send AUD/JPY lower. However, a more likely scenario is that the BOJ upgrade their inflation forecasts, and that could prompt some speculation that the BOJ are closer to widening their YCC (yield curve control) band or removing it al together. Of course, a bout of risk off is usually always bearish for AUD/USD.
Either way, the bias remains bearish beneath Tuesday’s high, and the initial target is the lows just above 93.27.
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