Audjpyanalysis
Looking for bearish continuation AUDJPY (13 Dec, 2021)No one would argue that this pair has been bearish since Nov. this year. But for the past 10 days, it has been correcting within a channel structure. On close study of price action, I feel that it may be ready to breakout of the channel and resume the down trend.
If this correction continues and took price up to the resistance at 82.38, that would be excellent. That would be an ideal location to take a short down to the supports located at 80.33 and 78.90. In case that does not happen, I would still be interested to take a short trade and look for an opportunity to pull the trigger.
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AUD/JPY: Following the Channel! What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the AUD/JPY, translating the market information with a full technical analysis on different time frames.
For a better understanding of my market perspective, let’s have a quick look on the monthly timeframe:
After a strong bearish impulse performed during the last month, the market is now retesting a strong s/r level.
Few doji candles are a clue of strong demand on that area, so there is a possibility to see a new movement to the upside.
Switching to the weekly timeframe:
A huge uptrend followed by a retracement, reaching the support level at about 0.50%/0.618% of fibonacci, usually an area where price start consolidating before a trend continuation or a trend change.
The last bullish engulfing could be a sign that the market is changing its perspective from bearish to neutral.
On the daily timeframe:
The price is consolidating inside the fair value area, the most market activity is happening on the top of the value area, and focusing as well on the three rejections from the demand zone, you can see how the buyers are aggressively pushing the price back inside the area, all signs that the buyers are getting the control of the market.
Back to the 4 hours timeframe:
The market is moving following a clear uptrend!
Now let’s analyse more in detail:
The market is forming a falling wedge, testing now the dynamic support of the ascending channel.
I will be waiting for the breakout of this pattern before entering long on this trade, looking for a good entry point with a RRR of 1:2.
I would place my SL below the channel and the first TP at about the middle of the channel, the second TP on the dynamic resistance.
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Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
AUDJPY Long with 3 Confluences. List of Confluences:
1: Trendline Breakout
2: Key level Breakout around 81.73*
3: Inverse Head and Shoulder Pattern
Summary: This setup has a risk reward (RR) of 3.75 to 1. We can see a trendline breakout on the daily time frame, which indicates a possible bullish move.
A key level breakout is also visible on the daily time frame around 81.73*. This shows a change in market structure from bearish to bullish.
Inverse head and shoulders pattern has formed in the daily time frame which further supports a possible bullish move.
AUDJPY ( MY SNIPER ENTRY) price has created an impulse move to the upside breaking the structure for potential upside movement after a pullback
AUDJPY Head & Shoulders - Daily TimeframeAUDJPY Head & Shoulders - Daily Timeframe
AUD High Impact News Releases:
HIA New Home Sales - Tuesday, December 14th 00:00
New home sales in Australia are based on poll results derived from state-wide estimates applying weights based on financial year market shares of private residence commencements. The previous release was 11.1 and the consensus for the upcoming release is 3.2.
NAB Business Confidence - Tuesday, December 14th 00:30
The National Australia Bank's poll of market confidence is based on a telephone survey of around 600 small, medium, and large non-agricultural businesses. A simple average of trading, profitability and employment indicators stated by respondents for their selected businesses are used to generate the surveys estimates for business conditions for the upcoming release. The previous release was 21 and the consensus for the upcoming release is 23 with 26 being the ATH (All-Time High) since 2018.
AUDJPY Short Analysis Hey traders, here is the analysis for the AUDJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
AUDJPY | The best scenario for climbing📝Hello traders , AUDJPY in daily timeframe , In this currency pair, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5.
As we said in the previous analysis, we considered wave 5 as a progressive triangle, and from this triangle, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, we consider the same scenario and expect to start climbing for Wave 5.
If the support of the downward warning signal is broken, the wave count will be fielded and the form of wave formation will change.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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AUDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
#AUDJPY-LONG-There are two possible entries depending on wgen #jpy index reverse.
-At the moment we can expect price to drop more down to the area of previous low which will make a possible double bottom.
-And the second option is a mitgation area where price might go upwards aroudn 100-150 pips and then drop to our safe entry area.
-the chart has entry,sl and tp like a signal but use it as proper chart analysis.
AUDJPYHello. After the failure of the set level and the pullback, the price decreases to the previous floor
AUDJPY DROP TO 72AUDJPY seems to still head down, Once the current support (78.880) is broke, we are definitely heading to 72 support.
AUDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDJPY | The best target to climb📝Hello traders ,AUDJPY in daily timeframe ,The wave count for this currency pair indicates the formation of waves 1, 2, and 3, and possibly wave 4.
And now we are in wave 5.
The form of wave 5 is the leading triangle and from this triangle we are inside wave 4, we assume that wave four to Fibonacci 0.88 will be corrected compared to wave 3.
And in this fibo, the ascent for wave 5 starts from wave 5.
If the end of wave 2 is broken, it can be understood that we are still inside wave 4, and if the downward warning sign is broken, this wave count is generally fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
SHORT: AUDJPY So we have had a strong bullish impulse and reached at the exhaustion point now as the trend as changed and we can see a continue bearish trend till previous LL or it may drop even further.
EASY AUDJPY SHORT TRADESPrice pushing down strongly at the time of writing this but I have my first target set at 80.000 and then possibly further. Make sure you use those stops and stick to a strict risk management plan.
AUDJPYHello. As the long-term uptrend line is broken and the price is falling in a downtrend So any climb inside this channel is a good opportunity for fast and sharp falls
AUDJPY long opportunityCurrently seeing daily 3HR & 4HR being respected.
Will closely monitor to see if any BOS in higher tf.
Anticipating accumulation for now, then when BOS happened, will look for OB again for long opportunity.
Good RRR, trade from OB to OB.
Patience! Patience! Patience!
audjpyaudjpy hits all tb with total + 550 pip , 🥳✅
Take your profit & RUN! 🏃♂️
I hope you all have a brilliant weekend
Stay safe ✌️
have a look to the link below
AUDJPY - 4h - Análisis Semanal (Update Take Profit 3)We continue with the trade of 15 November, in search of the third take Profit. If you continue with the trade you must place the SL at 83.224 (BE in TP1).
The price will have a Pull Back but its trend is bearish. You can make a re-entry if the price manages to make that pulback and break 82.85 to the downside.
TP3 81.500
Traders, if you like this idea or have your own opinion about it, write in the comments.
Patience, Discipline and Good Trade!
KISS: Keep It Simple Stupid.
LCCJ
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Continuamos con el trade del 15 de noviembre, en busca del tercer take Profit. Si continuan con el trade deben situar el SL en el 83.224 (BE en TP1).
El precio tendrá un Pull Back pero su tendencia es bajista. Podeis hacer una reentrada si el precio logra hacer ese pulback y romper el 82.85 a la baja.
TP3 81.500
Traders, si os gusta esta idea o tenéis vuestra propia opinión al respecto, escribid en los comentarios.
Paciencia, Disciplina y Buen Trade!
Manténgalo simple y estúpido.
LCCJ
AUDJPY 4H (11/25/2021)Hi
open position :82.100
take profit : 81.341
take profit 2 : 80.555
S/L : 83.403
Best Regards.
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