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Audjpydaily

AUD/JPY, DAY CHART, LONG (11-DEC-2016)Note: It is a potential Break Setup. There is a strong resistance zone at 86.2xx area. We need to pay attention whether this pair able to break this resistance zone. There are 2 ways to trade this pair 1. If the price able to break the resistance zone, wait for pullback to the resistance zone and bullish signal to long -Can long after breakout with small lot size -Can long after breakout followed by weak pullback to the resistance with small lot size -Can long when the bullish bar appeared after the pullback with right lot size 2. If the price bounce back from resistance, can long when the price touch on the 20-EMA followed by a bullish signal bar. (little chance)
Long
by YongLiang
AUDJPY, a rising wedge formationThe rising wedge, is one of the most popular, but difficult consolidation correction pattern formation. Rising wedge formations are identified using two up-sloping trendline. In the case of AUDJPY it is in the developing as well. Multiple touches on both sides of the trendline is visible. Right now, we are following this pair and expecting a breakdown, which will sooner or later touch the bottom trendline. Further updates will be provided as the process develops. Trade with care.
Short
by patterntrader
AUDJPY daily structure levelHi traders, today i want to show you an opportunity that seems very yummy. AUDJPY is now retesting an old and strong daily structure level, and this level also lines up with a trend line (in blue, you can see zooming out the chart) that held for two years now. Having this reasons, i'm going to pay attention to this pair, trying to find a shorting opportunity in lower timeframes. The risk to reward seems nice. As usual, i'll let you know if i manage to get involved. If you have question, dont hesitate to ask! Bye!
Short
by Roker1
AUD/JPY Long & Short Ideas If the price breaks the channel at 79.105 expect it to go down to "Support Level" at 78.943.It may continue going down, but the price could retrace off the "Support Level"and retrace off the previous channel.But if the price breaks the channel at 79.365 excpect price to continue on an uptrend,But the price could also retract off the channel and go back down to the "Support Level". I think the price will break the resistance level by the end of the day.
Long
by mrmyers3133
AUDJPY Preparing For a Trip Down UnderAUDJPY has been trading in this descending channel on the weekly and daily charts for some time now. This trade maps out some potential opportunities within the channel. Recently, market broke minor trend, and support level at 84.00. Target 1 above 80.00 level (a key mental number) which also coincides with recent and distant key support levels. A potential Target 2 above 77.58 which will be a key of major level. Target 3 in the low 75.00's which is a retest of major structure, and the beginning of retesting the bottom of the channel.
Short
by cheminacci