AUDJPY H4After we get the next completed H4 bar, we'll know if it has a chance to continue down, follow thru of strength.
Audjpyidea
AUDJPY DOANDA:AUDJPY I as part of rally on going against the JPY the pair has shown great moves against the previously set resistances and above is the next target estimated
AUD/JPY, price should continue moving upwardsAUD/JPY is impulsing to the upside. It broke the pullback trendline and right now I do expect further bullish continuation.
AUDJPY 4H Potential Short - Bullish channelH4 possible short on AUD/JPY 4H Bullish Channel --> wait for confirmation before entering short trade
Happy trading all!
AUDJPYAUDJPY recap of last week's trade and weekly analysis for the upcoming week starting today May 24, 2020 to May 29,2020.
AUDJPY wait for a retest on that trend line. if price holds that trend line as support (previously a resistance), then look for valid long entries on lower tf.
AUDJPY SHORT IDEAStill Bearish on AUDJPY.
Fakeout Spotted at TF 4H.
Currently Price is hovering at 4H Bear Engulf Candle.
Expecting price to Spike around 71.700-72.000 area before continue to drop.
AudJpy- 70 to provide strong resistanceAfter finding strong resistance in 70 area, AudJpy started trading in the range.
I expect range trading to continue and the pair could drop to support and confirm my view.
A sell trade at 69.25 (current market price) could have a good R:R of 1:1.8.
A favour short trades as long as the price is under 70
AUDJPY very nice move! Here you can see how the markets move. It seems like WM strategy. My entry is set.
AUDJPY - 4H Pattern Trend SHORTPattern forming in 4H chart. Technical indicators matching with pattern. AUDJPY will go down before going back up. Short AUDJPY
AUDJPY- BUY OR SELL?Is the price going to respect the up channel?
We have a strong resistance,
but JPY is weak, and the chances
are high to break the resistance.
Wait to break the resistance to have confirmation to buy at 70.70
To sell. We already have two rejects,
it's formed a pin bar but it's not a proper confirmation.
Wait for the price to test the resistance again for a confirmation.
AUDJPY moving downtrend!As you can see here from the 1D timeframe, AUDJPY is moving downtrend. Great opportunity to short! Please like, share and follow me if you found this analysis useful! Your support is appreciated!
AUDJPY approaching resistance, look out for potential reversal!
AUDJPY is approaching its resistance at 70.253 where it is could reverse down to its support at 67.685.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY Reversal is possible Hello friends, the daily candles in AUDJPY are getting smaller indicating that the bulls might have run out of steam.
I will expect risk aversion to hit the market very soon once the market participants focus on the gloomy economic outlook of the world.
So, when that happens, currencies like AUD will take a hit and Japanese Yen will gain strength. So, AUDJPY could drop very sharply.
AUDJPY Long Position Continuation In Near TermAs can be seen in the chart above, AUDJPY is following the trend line very well, and I expect the uptrend to continue in the near term. I feel it will test the next resistance level of 69.800, which is where I have kept my take-profit level. There may be some volatility in the pair because of the upcoming CPI news announcement for AUD, but nonetheless, I feel that the strong uptrend will continue and test the 69.800 levels.
AUDJPY Upward Move In Near TermAs can be seen in the chart, I expect AUDJPY to hit the 69.700 level soon, because of a strong uptrend over the past several days, plus this pair has easily breached the previous strong resistance level of 69.200 from the month of March. I see it touching 69.700 soon.
AUDJPY long trade ideaPlan : 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 like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
AUD/JPY, opportunity for BuyersFor buyers, a breakout of the trendline on the pullback is a bullish sign. As well as a false breakout of the Support level.
