AUDJPY SELLWatching this pair for a healthily sell. Trend line resets plus ema rejection as well as rejection of the 50% fib. Multiple confluences to take a short here. Just waiting for price to come up top the purple box region and form some bearish candle sticks to take a short position here to ride it all the way down.
Tale partial profits.
430 PIP gain 7.5/1 RR
Audjpyidea
AUDJPY key support levels ahead.Price is approaching congestion zone so I would stay out from any trade for now, and wait for a clear direction. Important levels are below, and market may want to test those levels. You can check it on the weekly or monthly chart as well. My personal bias is that price is going to drop some more, but we have to get through the zone. (Also looks like AUDUSD want's to test lower so that might drag down AUDJPY as well)
AUDJPY Market Outlook | Daily Forex Market BreakdownAUDJPY
Continuing to push to the downside. Sitting at about +280 pips profit. This shows you how powerful swing trading is. This is why it is important to let your winning trades run. We need to be patient and not rush into any longs, we could keep melting to the downside. We have a clean short entry. Keeping an eye out for potential hedge trades soon but right now its too early.
AUD/JPY Potential Short Idea | Trading Institutional Order FlowIf we see a pullback, back into the yellow box when the new week opens, I will be most likely looking to short AUD/USD to take out the equal lows created that are marked up. This looks like a pretty solid setup, with it being on the daily chart .
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AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 75.815 where it could potentially drop further to 74.960.
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AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 75.513 where it could potentially rise further to 76.247.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY Trade Setup - SHORTI have a pending order for AUDJPY and my Bias is SHORT.
I believe from currenct price action we should have a pullback from here, atleast towards 74.95 Support. If the white trendline gets broken and also the support around 75.5 zone, I'll feel stronger about the SELL, hence, SELL STOP.
AUDJPY Market Outlook | Daily Forex Market BreakdownAUDJPY
AJ is looking great. Pushed down a bit as I felt we would. I am now waiting for the bears to take control. I believe we are going to see a big push to the downside soon. As always I will let the tribe know if I see anything. NJ is also looking good but since AJ looks much better and they correlate I feel its best to focus just on AJ for the time being.