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Audjpyidea

Big Short Upcoming on AUDJPYAfter the long wait I'm back publishing my ideas on this great platform! For this trade we are relying mostly on price action as this pair is known for having a strong correlation to price action rather than indicators. After the massive Bull run of AUD, we can finally see the sellers coming in at around 85.427. This is a significant area of interest as the price has been largely rejected here before. I have also identified a Head and Shoulders pattern on the weekly time frame confirming a sell. I have my Stop loss and Take profit on the chart however I have already placed my Stop loss at break even to make the trade risk free. I expect a Sell to the support area of 81.877. *** THIS IS NOT FINANCIAL ADVICE ***
Short
by Rayyan_2805
AUDJPY 4Hr Long! Test at 82.178 has completed which gives chance to short-term and Long-term Targets. Short-Term Targets: 84.844 | 86.227 zone; 85.604 | 87.712 zone. Long-Term Targets: 88.226 | 91.419 zone; 88.792 | 93.631 zone. As is, Price-Action suggests price is trading on Bullish territory. Moving Averages, too, suggest Bulls have Greater chance. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Long
by legacyliked
2
AUD/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/JPY for the new week ahead AUD/JPY Looking like could pull back into the order blocks and form head and shoulders pattern, I will be waiting on confirmation of this before placing a sell trade This is my analysis only please trade with caution and risk management in place clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please follow like and comment thanks
Short
by Costy13
13
AUDJPY Analysis/Trading Idea ShortLooking at the pair under 4hr tf, the market is in a downward trend and most especially making waves in the channel. Right in the channel, there appear an upward channel, there was clear reject at 50% fib level downside and also a clear rejection upside of the middle channel at 50% fib level leading to a bullish movement. We are expecting a retest at 61.8% fib level up for a clear confirmation of bearish movement down the main channel by next week.
Short
by forexjet_
AUDJPY Analysis/Trading Idea ShortLooking at the pair under 4hr tf, the market is in a downward trend and most especially making waves in the channel. Right in the channel, there appear an upward channel, there was clear reject at 50% fib level downside and also a clear rejection upside of the middle channel at 50% fib level leading to a bullish movement. We are expecting a retest at 61.8% fib level up for a clear confirmation of bearish movement down the main channel by next week.
Short
by forexjet_
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