Audjpybreakout
AUDJPY Short AUDJPY is currently in a bearish trend on the 4H.
It currently has a weak support and we can expect it to drop further as it breaks it's current support/consolidation zone.
Trade safe.
AUDJPY 2618 TradeAUDJPY 2618 Trade
Wait for price pull back to 80.35 - 80.42 are and short
This will be a 0.618 pull back
Bearish outlook AUDJPYPossible short opportunity after a successful close under our white line in 4hr TF.
AUDJPY approaching major resistance, prepare to sellSell below 85.06. Stop loss at 05.25. Take profit at 84.38.
Reason for the trading strategy (technically):
Price is approaching major resistance at 85.06 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction from this level for a drop to at least 84.38 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing strong resistance below 96% where we expect a further drop from.
AU-Yen*pun intended*
With the continuing decline of the Aussie despite the higher ups of commodities, the pair has been struggling to push to the upside against a safe-haven currency. The same is occurring with AUDCHF considering that the Swiss Franc is also a safe-haven currency.
Last trading session, the AUDJPY pair formed an inside pin bar which may suggest a further decline of the pair. The weakness of the Aussie can also be seen on several pairs except AUDUSD due to the huge sell-off of the Dollar.
AUDJPY: Short term upside movement is in the list.AUDJPY: Short term upside movement is in the list. Consult chart for further information.
AUDJPY profit target reached perfectly, time to sellSell below 83.92. Stop loss at 84.51. Take profit at 82.43.
Reason for the trading strategy (technically):
Price has gapped up and reached our profit target perfectly this morning. We prepare to sell below 83.92 resistance (Fibonacci retracement, horizontal resistance, bearish divergence) for price to drop down towards 82.43 (Fibonacci retracement, horizontal pullback support, price gap) to fill up the gap that has been created.
Stochastic (55,5,3) is seeing strong resistance below 91% and also sees bearish divergence vs price signalling that a bearish reversal is impending.
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AUDJPY LONG Based on wave pattermThis trade is based on wave analysis
We had the impulse and we are hoping for a flat correction
Corection wave A stoped on a 50% Fib level or the main impulse.
We are anticipating correction wave B.
Check out for a trend breakout of wave A in the Yellon ARC for a buy opportunity
AUD/JPY dropped perfectly towards profit target, remain bearishSell below 85.75. Stop loss at 86.51. Take profit at 83.87.
Reason for the trading strategy (technically):
AUDJPY dropped absolutely perfectly once it reached our selling area and is close to our profit target. We remain bearish below 85.75 resistance (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) to play the continued drop to at least 83.87 support (Fibonacci extension, horizontal support).
Stochastic (55,5,3) has turned down from our 96% resistance level perfectly and has good downside potential
AUDJPY Breaks Key Support, Targets 83.73The AUDJPY appears to have broken a key support level. The 85.35 handle has been a critical factor for the pair since the start of 2017 and yesterday’s close at 85.32 should continue to attract selling pressure.
But as you may well know, what we sometimes think are precise levels are instead areas of support or resistance. So yesterday’s close being just 3 pips below 85.35 leaves me too skeptical to do anything at the moment.
Also, the yen cross is now 140 pips below the mean as measured by the 10 and 20 EMAs. With this in mind, I’d rather wait for a more convincing close below 85.35 followed by a retest of the area as new resistance.
The next key support level comes in at the December 29th low of 83.73. This area also attracted a bid in late November and early December of last year. A close below 83.73 would expose the mid-November highs at 82.50.
Right now the technical landscape for the AUDJPY is favorable, to say the least. The pair has been respecting the key levels mentioned above, and the recent breakdown presents a potential selling opportunity.
But perhaps even more favorable than the levels is the fact that other risk-sensitive pairs are showing signs of weakness. Some of the best trades can occur when the yen pairs begin to move in tandem.
Look no further than the rally that ensued from the November 9th U.S. elections.
AUDJPY Sell at 86.8Hi traders!I hold a point:Good charts does not need more words to explain! Good luck!
AUDJPY 30M TECHNICAL ANALYSISTug of war going on between buyers and sellers - We reckon the sellers will win the war at the end. The rectangle pattern is formed on 30M chart which shows reversal of upward trend and a big fall in coming hours. We take short position and book profit at 85.20.
AUDJPY 15M LOWER TIME FRAMEThe price is consolidating at the current level - We take short position at 86.50 level and book profit at 85.20 - The setup will invalidate if the price breaks 87.50.
For your Info, we see this pair at 90 level in a weekly higher time frame charts.
ADUDJPY - SHORT !!Expected to go down to 85.20 before moving up
TP 1: 85.65
TP 2: 85.20
Let's see ...
AUDJPY 2TAPIt might look like a 3TAP, but the last two taps happened within a week, so they are falls as individual taps. Volume on the last two taps did not break new highs, so support for breaking out long over 86.917 is weak. It's on my radar this week thinking it might go short soon.
