Audjpyanalysis
Week 8 assignment (EXHIBIT A) for AUDJPY by PROSHERIFFLong on AUDJPY
1. Bullish Crab pattern has formed as Point D is lower than point X.
2. Line of support has already been tested before at point E.
3. Trade can be taken once the current candle closes with bullish signals, which will mean the bulls are in charge now.
4. TP1 (0.786 Level) = 92.764
5. TP2 (0.618 Level) = 93.403
6. SL (Below the support line)= 91.295
AUD/JPY Made H&S Pattern , Short Setup After 4H Confirmation ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
Earlier days, AUDJPY was going down a bit due to MARKET RISK OFF. But now we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to turn DOWN again.
Anyway, its price is moving down in the AUDJPY DOWNSIDE CHANNEL. By BREAKING that CHANNEL, its price may go UP again. After that, if MARKET RISK continues to be OFF, you can definitely SELL at 92.71 LEVEL. For that, MARKET RISK should be OFF. After that it can go up to 96.90 LEVEL. After that, AUDJPY may go down to 89.74 LEVEL.
To SELL AUDJPY, VIX must be UP and SNP500 must be DOWN. And COMMODITIES should definitely be DOWN. We are waiting for the change in the above mentioned MARKETS.
AUDJPY, another leg up for a better R:RHi Traders,
JPY has gained some recent strength this past week which may continue its run later on in this upcoming week. Looking at the HTF, price is moving within a rising wedge structure also near a double top range that tells us a reversal is developing. Looking at the LTF, price impulsively broke out of a flag pattern structure creating higher highs and higher lows indicating we still have further development on this correction before completed. I will be interested in a sell position only if bearish price action is confirmed.
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AUDJPY sell opportunityAUDJPY broke the trend line and also the recent support
now market is going to retest the broken support which is now become resistance
strong bearish momentum
wait for the retest of broken structure than look for confirmation on lower time frames and sell AUDJPY with proper money management and risk to reward ratio
always remember
Patience is the key
AUDJPY: Commodities vs Weak Yen!AUDJPY
Intraday - We look to Buy at 93.00 (stop at 92.00)
Previous support located at 93.00. Previous resistance located at 94.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 93.00, resulting in improved risk/reward. A move through 94.00 will confirm the bullish momentum.
Our profit targets will be 95.00 and 95.50
Resistance: 94.00 / 95.00 / 95.50
Support: 93.00 / 92.50 / 92.00
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AudJpy can rise to 97The long-term trend for AudJpy is clearly up and the drop from the recent 97 high is corrective in nature.
At this moment 91.50-92 zone provides strong support and the pair looks ready for a new leg up.
Buy dips under 93 can be a good idea for AudJpy with a target of 97 and negation under 91.50
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
Earlier days, AUDJPY was going down a bit due to MARKET RISK OFF. But now we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to bounce back UP.
Anyway, its price is moving down in the AUDJPY DOWNSIDE TRIANGLE. By BREAKING that TRIANGLE PATTERN, its price can go UP again. After that, if MARKET RISK continues to be ON, you can definitely BUY at 96.90 LEVEL. For that, MARKET RISK should be ON.
To buy AUDJPY, VIX must be DOWN and SNP500 must be UP. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS.