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Audjpyelliottwavecount

AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY These days, AUDJPY is slightly UP due to MARKET RISK ON. In recent days, JPY became somewhat STRONG because of the BOJ INTERVENTION and the drop in US INFLATION. Even now, we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to RETRACE to higher resistance. Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. The dollar should continue to strengthen as it has in recent days. FOMC UPDATE MUST BE HAWKISH FOR THAT. If MARKET RISK continues to be ON again, you can definitely BUY at 95.041 LEVEL. But somehow it may go down to the 90.50 level before going up. After that, AUDJPY may go up to 95.04 LEVEL. Anyway, if JPY continues to be WEAK, if the UP SIDE STRUCTURE is BREAKED, AUDJPY has a very good situation to BUY. To buy AUDJPY, VIX must be DOWN and SNP500 must be UP. Further, the TREND LINE should be BREAK. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS. If the dollar is strengthened by the FED, MARKETS RISK should be off. Then after JPY STRONG, AUDJPY can be LONG TERM BUY.
by benny_marshall
CAN AUD/JPY TOUCH 99?AUD/JPY looks like just finished the contracting triangle and it's ready to go upside. It will break the recent high and it can touch 99+. We will see more upside strength in the upcoming days on this pair. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #AUD/JPY
Long
by anantadhungana
1
AUDJPY - IS MARKET SENTMENT STILL SUPPORT TO THE AUDJPY ??- 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 was a bit BUY last week because the MARKETS continue to RISK ON. AUD FEATURE stands at 0.7259 LEVEL. JXY is currently down a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Price is higher than AUDJPY DYNAMIC LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly MIXED RISK Tone. VIX INDEXES DOWN. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Friday. - You can go to 96.00 LEVEL before the AUDJPY PRICE is DOWN. Then it can be sold at 89.70 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is DOWN. So wait until the VOLATILITY GREEN to buy the AUDJPY SELL BUY after the MORKET is CORRECTION like 92.11 LEVEL.
by benny_marshall
EWT: AUDJPY is forming a contracting triangle.Currently, AUDJPY is forming a contracting triangle on the corrective wave ((4)). Price has completed sub-wave (C), and sub-wave (D) is in progress. After completion of the (D) wave, the terminating wave sub-wave (E) will break the B-D trendline of the contracting triangle. Wave (D) can end nearby 78.6% retracement of wave (B). If the price breaks the B-D trendline, It can move to 85.35-86.25-88-89 . The traders should put protective stop loss at 78.78. wave (5) may end at 89.609, which is inverse Fibonacci retracement 1.618% of wave (4) Wave (E) can complete between 0.618 to .786 Fibonacci levels. That's why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave E. If you want to trade wave (E), then you should have a trailing stop due to the high volatility of wave (E).
by forextidings
1