AUDJPY Short-term RetracementMarket Structure is KING!
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Here is my analysis for GBPJPY for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next support area .
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND? Market structure will give you direction.
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
Audjpyanalysis
AUDJPY confirming pattern break?Hi, TradingView community and our followers. We’re taking a look at the AUDJPY 4H today as price has broken out of a triangle pattern and, for now, is showing signs of confirmation.
Measured move rules suggest we could see a run-up of around 140 pips. This could take price back up to 92.16. before that, though, we do see potential resistance from 91.60. We will be watching to see how buyers go if they reach resistance and if they can break it, will we see the move extend close to the measured move target?
Key data to come today, US CPI and Core CPI data. Which is due for release at 8:30 am EST.
AUDJPY: Bullish recovery?AUDJPY
Intraday - We look to Buy a break of 91.00 (stop at 90.10)
Previous support located at 90.00. Previous resistance located at 91.00. Price action looks to be forming a bottom. A move through 91.00 will confirm the bullish momentum.
Our profit targets will be 93.00 and 93.25
Resistance: 91.00 / 91.50 / 93.00
Support: 90.00 / 89.75 / 89.50
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AUDJPY - WILL CONTINUE TO FOLLOW THE MARKET SENTIMENT ??- Today presented their Monetary Policy Statement to AUD. They further stated that it is imperative that their statutory reserve ratios be increased further. No. It will in some way build a POSITIVE SENTIMENT to the Australian dollar. There is not much important news for JPY today. So the AUDJPY MARKET SENTIMENT will be FOLLOWED.
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must.
- The AUD FEATURE sold out a bit last week because the MARKETS continue to RISK OFF. But now HIGHER has got a HIGH. And then it's PULLBACK again. AUD FEATURE stands at 0.7039 LEVEL. JXY is currently down a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Price is below AUDJPY DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS.
- AUDJPY PRICE can go to 91.14 LEVEL before UP. Then you can UP to 96.00 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is becoming UP. So wait until VOLATILITY RED and get the AUDJPY BUY ENTRY.
DeGRAM | AUDJPY lower lowsAUDJPY has made lower lows as we predicted before.
Now, the price is continuing to make lower lows.
The AUDJPY has broken through the channel and closed below the resistance level of 92.500.
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DeGRAM | AUDJPY short opportunityAUDJPY is currently testing a significant resistance level 94.000.
That level was tested multiple times, and it's still holding price.
We can see the price being rejected and it might move down to previous support levels.
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AUDJPY | New perspectiveDespite the obvious that the AUDJPY remains on the front foot around 92.55, extending the two-day uptrend; I am of the opinion that the current structure might incite a short term bearish move soon. Why? If we closely into the structure on the daily time frame, we will notice a reversal structure evolving since the price tested 95.5 area. The appearance of a lower high on the daily timeframe and multiple rejections of 92.5 level is tending toward a bearish bias. Let's see what happens in the next couple of hours!
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Audjpy weekly forex analysis with trading strategy for 02-05-22Audjpy weekly forex analysis with trading strategy for 02-05-22
In the recent times, i have been trading more of aussie pairs. from 2 weeks ago, a 100+ pips sell on audusd shared here video
analysis on YT. Last week, audusd and audcad sell analysis which is still doing massively fine. For this coming week, My selected pair from my watchlist is the audjpy for a SHORT.
Fundamentally, in the past week, interest rates from the Bank of Japan (BoJ) was unchanged, on tuesday the 3rd of may, the Reserve bank of Australia will announce interests rate which may affect the Aud as the interest rates is forecasted to be increased. Nonetheless, if the interest rate from the RBA is increased to my forecasted rate of 0.25%, i would still consider a short trade.
Technically, explained in the video analysis, Audjpy was initially in an uptrend printing higher highs and higher lows then followed by a massive rally to the upside signaling the presence of massive institutional 'Buys' pushing audjpy to an overbought level. After the move and watching closely, audjpy, started changing direction on the 4hr timeframe breaking structure to the downside and created unfilled supply zones as shown in the screenshot above. this was after price failed to break a major supply zone above.
Audjpy further printed a SHOOTING STAR candlestick pattern on the weekly chart followed by a bearish week.
After all these, I am considering a high probability sell scenario for the audjpy with an entry strategy shared in the video analysis of this content.
Let's go take some risks, let's go make some money. regards.
Preshus, Millionaire logistics
AUDJPY LONGS ACTIVE 📉📉📉AUDJPY - LONGS ACTIVE ✅ sell side liquidity + weekly lows liquidity has been taken out. Expecting bullish price action from this area as we have to fill the bearish imbalances, the price also rejected a D1 bullish orderblock area + retail traders are short on this pair.
Retail herd positions average - 68% short positons = LONG SIGNAL ✅
What do you think ? Comment below..
AUDJPY - AUD CPI DATA + MARKET SENTIMENT- There is no such important news for AUD or JPY today. So the AUDJPY MARKET SENTIMENT will be FOLLOWED. Also AUD CPI DATA is scheduled to be released tomorrow. It will be a very important and VOLATILE DATA for AUD. Also the BOJ RATE STATEMENT is scheduled to arrive on Thursday. Be aware of that too.
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must.
- The AUD FEATURE sold out a bit last week because the MARKETS continue to RISK OFF. And then it's PULLBACK again. AUD FEATURE stands at 0.7197 LEVEL. JXY is currently down a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Price is below AUDJPY DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK ON status. Also the EQUITIES are turning a bit GREEN. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has NEUTRAL BIAS. But due to EQUITIES UP, COMMODITIES UP the MARKET RISK is ON. This MARKET CONDITION status has managed to DOWN CURRENCIES AUD, NZD, GBP.
- AUDJPY PRICE can go to 89.97 LEVEL before UP. Then you can UP to 96.00 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is becoming UP. So if you do DAY TRADE to get AUDJPY BUY ENTRY from VOLATILITY RED then after looking at CPI DATA tomorrow. Pay more attention to the TREND LINE BREAKOUT. Then we can go to BUY TRADES by looking at AUD DATA and MARKET SENTIMENT.
Finally AUD/JPY Closed Above Res,Long Entry After D ConfirmationThis 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 - IS MARKET SENTMENT STILL SUPPORT TO THE AUDJPY ??- - Today we do not see such an important news for AUD or JPY as before. Because today is a holiday and today is Monday, MARKET LIQUIDITY is a very short day. GOV. There is a Bailey Speak this week. They will be very important for GBP. But today CHINESE GDP was released, it was a very good NUMBER. Maybe its advantage will come to COMMODITIES and AUD in the future.
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must.
- AUD FEATURE was a bit UP last week after yesterday's RBA MEETING. And then it's PULLBACK again. The AUD FEATURE stands at 0.7375 LEVEL. JXY is currently RANGE a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Its price is based on AUDJPY DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit GREEM. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. But because of VIX UP, EQUITIES DOWN, COMMODITIES DOWN the MARKET RISK is OFF. This MARKET CONDITION status has managed to DOWN CURRENCIES AUD, NZD, GBP.
- You can go to 96.00 LEVEL before the AUDJPY PRICE is DOWN. Then you can DOWN to 89.97 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is becoming UP. So if you DAY TRADE to get AUDJPY BUY ENTRY from VOLATILITY RED. Pay more attention to the TREND LINE BREAKOUT. Then we can go to SELL TRADES.