AUDJPY SHORT TRADE BREAKDOWNGetting a strong rejection at the time of typing this so it may be too late to jump on short trades, but I thought Id give a little longer breakdown video and mark on some levels just to show a little bit of my trading style. If you manage to get entry's id be looking at taking some profit at 82.850 and targeting some longer term areas around 82.200
Audjpyanalysis
AUDJPY short with 4x Confluences.
Confluences listed:
1: Trendline breakout and close on the Daily timeframe
2: Change in market structure and new lower has been formed
3: Break and close below support around the 84.7** area
4: Bearish engulfing candle at support
Summary:
Entry will be taken during the NY session. The trade has a potential RR of 2.5: 1 or more, depending on how deep the pull back is. Target are set using fibs from the high to the low of the breakout candle.
AUDJPY LONG - Buy Entry - H4 ChartAUDJPY LONG - Buy Entry - H4 Chart
Symbol: AUDJPY
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 82.685
Take Profit: 84.211
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
AUD/JPY 1HR CHART SET UP SELLHi everyone this is my trade set up for the AUD/JPY
AUD/JPY i am expecting a pullback to the order block zone and will be looking for a SELL trade
look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
please like and comment both are welcome
AUD/JPY BUY NOW.......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
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AUD/JPY 4HR CHART SET UP BUYHi everyone this is my trade set up for the AUD/JPY for the new week ahead
AUD/JPY i am expecting a pullback to the order block zones and will be looking for a BUY trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
audjpyAUDJPY - SHORT
Why are we entering?
- Expecting JPY strength after a short correction period (See JPY index)
- We look to be in a parallel bear flag
What are we waiting for to happen?
- price to retrace back to the structure and one of the fib levels
- Waiting to draw WFB
What is our confirmation?
- Break of WFB trendline once created
- Rejection of structure and parallel correction resistance
Entry
Safe Entry: Rejection of structure and then WFB (once correction is clearer)
Risk Entry: Rejection of structure and fib level
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 81.6
- Second TP: 80.8
SELL AUDJPYReason to enter sell
1. trendline (h4)
2. resistance zone (h4)
3. trendline & resistance confluence (h4)
4. massive bearish candle (w)
3. double top (w)
i think isn't good setup because zone in lower timeframe and major trend still uptrend, but you can try to enter sell with low risk and minimum risk ratio. enjoy!
AUDJPY Is Heading Higher To Complete Five-Wave SequenceAUDJPY decline from wave 3 high took the shape of Elliott Wave 3-3-5 sequence known as Flat Pattern. This pattern is a corrective pattern and it is in the position of wave 4 in AUDJPY's case.
Both Wave 2 and 4 follow EW alternation guidelines.
Wave 2 was a sharp and deep correction (retraced 78.6% of wave 1) and Wave 4 correction is a sideway and retraced 38.2 of 3 so far.
If this count is correct, the price should head higher in wave 5 to complete the five-wave impulse sequence.
Other confluence:
Price is rejecting the H4 order block that is lined up with H4 200 EMA.
What's your view on AUDJPY? Let me know in the comment.
AUD/JPY: PRICE ACTION ANALYSIS| SHORT SETUP...Welcome back Traders, Investors, and Community!
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audjpyAUDJPY - SHORT
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further AUD weakness & JPY strength = AUDJPY SHORT
What are we waiting for to happen?
- price to retrace back to the structure and EMA
- Waiting to draw WFB
What is our confirmation?
- Break of WFB trendline
- Rejection of structure
- Rejection of EMA
Entry
Safe Entry: Rejection of structure and EMA and then WFB break
Risk Entry 1: Rejection of structure and EMA
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 83
- Second TP: 81
AUDJPY FORMING NEW PATTERN?? 28/10/2021DISCLAIMER ON, this is my personal perspective and analysis, audjpy potentially forming bullish Pennant (4 swings) or symmetrical triangle (more then 4 swings) we waiting for the price action ( candle rejection or impulsive bullish candle ) from the square area or waiting for breakup pattern. target price 87.080