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Audjpyidea

AUD/JPY Technical Analysis.Currently, AUD/JPY is trading at 75.97. The pair started a new up trend after breaking the resistance level at 75.07. Previously, the price was trading in an ascending triangle pattern. The pair has already started a new up trend by breaking the resistance level, so its first target price is at 75.98 and the second target price is at 76.54. The price has already touched its first target price and can hit the second target. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
1
AUD/JPY Let's be a BullGood day, snipers. Here in the AUD/JPY, I really believe that the Yen has a strong potential to climb higher, specially when Australia has 5 million people back in lockdown, so I am expecting a downfall to the AUD. In technical terms, price seems to respect the short term support and the 38.2 Fib Level, and also bounces off the long term support found in the Monthly time frame.. We are also at the bottom of an uptrend trend line that has started in the daily time frame. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Long
by SniperFXFree
1
AUD/JPY Technical Analysis.Currently, AUD/JPY is trading at 74.45. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in an up trend and after touching the resistance level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 74.53, then it may start a new up trend and its target price will be at 76.63. If the price breaks the support level at 72.69, then it may start a new down trend and its target price will be at 71.19. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
by rishililawat5
2
AUD/JPY Technical Analysis.Currently, AUD/JPY is trading at 74.36. The pair is consolidating in the ascending triangle resistance and support wedges. Previously, the pair was trading in a down trend and after touching the support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 74.20, then it may start a new up trend and its target price will be at 76.24. If the price breaks the support level at 72.72, then it may start a new down trend and its target price will be at 70.92. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
AUDJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
AUD/JPY looking bullish asfHope you all enjoyed your 330 pips combined on my aussie trades last week!. Here is my outlook for what is next to come. So the bottom purple zone was resistance but has been absolutely rekt so now we look to come back down to retest it (confluence one), The two purple trend lines shows a wedge which has been broken so we also look to come back and retest this area (confluence two), The cyan trend line is actually a weekly trend line that goes all the way back to Feb 2018...This trend line I found to be the best fitting for 2 years worth of data it has been tried and tested multiple times in the past two years proving it to be valid although it doesn't look valid on the lower time frames, the fact that it has stood the test of time and we have now broken it (significantly) this week we look to come and retest it now because it's been around for so long it provides extra strength to my trade if it comes down to retest it and then close above it (confluence three). The fibs are being respected on the 61 level but we have the 78 just below which lines up great with our analysis (confluence four). I haven't included it because the chart looks a bit messy to me already but if we take a trend line from the most recent high and follow the trend down it creates a very tight descending wedge with the cyan trend line (confluence 5). The possibility of getting stopped out is always their so please trade at your own risk and this isn't financial advise, make sure you use proper risk management 1-3% especially on yen pairs as you can loose money very quickly with them. My bias will only change if we break the bottom purple trend line, retest it and close below it. Happy Sunday
Long
by XHRISTIE