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.
Audjpyidea
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.
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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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AudJpy- Ready for 88After the correction from 85 to 77 strong support, AudJpy has resumed its up-trend, recovered losses, and is trading now just in the old local high zone.
For 2 weeks now the pair is consolidating gains and is putting in a small continuation triangle on our daily chart (visible, of course also on small TFs)
At this point, AudJpy looks ready for a break up and the target could be 88 strong resistance (visible on weekly and monthly)
A drop under 84 would negate this scenario
AUDJPY trading setupThis post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading