Audjpyidea
AUD/JPY: Following the Channel! What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the AUD/JPY, translating the market information with a full technical analysis on different time frames.
For a better understanding of my market perspective, let’s have a quick look on the monthly timeframe:
After a strong bearish impulse performed during the last month, the market is now retesting a strong s/r level.
Few doji candles are a clue of strong demand on that area, so there is a possibility to see a new movement to the upside.
Switching to the weekly timeframe:
A huge uptrend followed by a retracement, reaching the support level at about 0.50%/0.618% of fibonacci, usually an area where price start consolidating before a trend continuation or a trend change.
The last bullish engulfing could be a sign that the market is changing its perspective from bearish to neutral.
On the daily timeframe:
The price is consolidating inside the fair value area, the most market activity is happening on the top of the value area, and focusing as well on the three rejections from the demand zone, you can see how the buyers are aggressively pushing the price back inside the area, all signs that the buyers are getting the control of the market.
Back to the 4 hours timeframe:
The market is moving following a clear uptrend!
Now let’s analyse more in detail:
The market is forming a falling wedge, testing now the dynamic support of the ascending channel.
I will be waiting for the breakout of this pattern before entering long on this trade, looking for a good entry point with a RRR of 1:2.
I would place my SL below the channel and the first TP at about the middle of the channel, the second TP on the dynamic resistance.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
AUDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
#AUDJPY-LONG-There are two possible entries depending on wgen #jpy index reverse.
-At the moment we can expect price to drop more down to the area of previous low which will make a possible double bottom.
-And the second option is a mitgation area where price might go upwards aroudn 100-150 pips and then drop to our safe entry area.
-the chart has entry,sl and tp like a signal but use it as proper chart analysis.
AUDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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
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,
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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
AUD/JPY: PRICE ACTION ANALYSIS| SHORT SETUP...Welcome back Traders, Investors, and Community!
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