AUDJPY approaching resistance, look out for potential reversal!AUDJPY is approaching its resistance at 74.983 where it is could reverse down to its support at 74.666.
Audjpyidea
AUDJPY reversed from resistance, potential drop!AUDJPY reversed off its resistance at 74.76 where it could potentially drop further to 73.94.
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDJPY Harmonic BAT Analysis and StrategyWe are currently trading the 4th leg of possible bat that is forming on the 4 hr chart. We are predicting the Harmonic Bat Pattern will be completed and we are looking break above the yellow trend line confirming the prediction. FX:AUDJPY
AUDJPY reversed from resistance, potential drop!AUDJPY reversed off its resistance at 74.76 where it could potentially drop further to its 73.94.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HAPPY MONDAY - AUDJPY - LETS GOAUDJPY is approaching a pivotal break to the
upside. Should test 50% (77.194) Fibonacci retracement
WMA 100 Tested, about to test EMA 150.
There is also a good chance price could break down
to around the 74.600 area. Wait for break down for
confirmation.
1. Watch Bottom for BUY
2. Buy More on Break
3. Take Profit around 77.194
POTENTIAL BULLISH MOVE ON AUDJPY We have AUDJPY Showing bullish potential. Price has moved up bullish and met some point of resistance where we may see price retrace to the price level i have marked with the grey horizontal line. From this point, we may see price move up bullish to the price level i have marked with the green line which would be our take profit.
Risk on this trade - 1%
Risk to reward ratio - 1:2
Hit that follow button for more analysis! :)
AUDJPY Harmonic BAT Analysis and StrategyWe are currently trading the 4th leg of possible bat that is forming on the 4 hr chart. We are predicting the harmonic bat pattern will be completed and a recent break of the yellow trend line has given the pattern and our strategy confirmation. FX:AUDJPY
AUDJPY FAKEOUT AND BREAKOUTAUDJPY has been travelling inside of a descending channel. Price reached a major support zone , started making its way up and even broke out of the channel to the upside until it dropped back into the channel causing a fakeout, broke below the support zone. Now we are just waiting for this newly made resistance zone to be retested before price drops to the very bottom of the channel it has been travelling in.
ENJOY YOUR PROFITS, STOP LOSSES AND TAKE PROFITS ARE AVAILABLE...
AUDJPY - BULL RUN COMINGFREE ANALYSIS ON AUDJPY. Possible bullish move about to unfold. BUY on break up.
AUDJPY MAJOR SUPPORT ZONNE HAS BEEN BROKENAUDJPY is travelling in a descending channel, Price hit the top and price plummeted down and even broke a major support zone marked out with a pinnk rectangle,
We are expecting price to come back up to retest this zone before dropping down to touch the bottom of the channel, our first minor target is the -0.27 extension level as we are expecting price to retest the zone at the 0.382 retracement level.
LEAVE YOUR THOUGHTS BELOW...
AUDJPY possible buy ideaAUDJPY possible buy idea
Confirmation data to enter this trade:
1) Break of counter trendline
2) break of 78.10 area with 4h candle
3) weekly timeframe ( watch out still early ) suggest a fake out --> forming bullish pin bar
Tp 1: 79.00
Tp 2: 80.00
This trade is invalid if we not break the above criteria or break below 77.60 level
Cheers,
Cubefox
SELL AUDJPY ON 30MAnticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
AUDJPY MAJOR SUPPORT BROKENPrice of AUDJPY opened with an extremely large gap downwards.While it did it broke below the major support zone, it has started making its way up and we expect price to go up and test the descending trendline at the 0.500 - 0.618 retracement level before dropping down to the -0.27 extension level
SELL AUDJPY ON 30MAnticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
AUDJPY SHORT APPROCHINNG AUDJPY Price has been travelling in a descending channel marked out in blue and has been consolidating for a few days. Price broke above the area of consolidation and made a black ascending channel to touch the top of the descending channel and while doing so it had a little breakout to the upside of the descending channel before price dropped out of the ascending channel back into the descending channel.
We believe price will now come back up to retest the inside of the descending channel at the 0.5 retracement level like it previously did like in the yellow eclipse previously
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
AUDJPY SELLNow Australia's market has been isolated, so here it seems that this situation may continue. Australia has become weak for a long time. Meanwhile, Japanese Yen continued to increase strength.
AUJJPY H1 SHORTGARTLY FORM ON AUDJPY H1 OUR PREVIOUS SIGNALS NZDJPY BUY AND GBPJPY ARE IN VERY GOOD PROFIT
AUDJPY SHORT & LONG TRADEPrice has overall been travelling in a DESCENDING channel, price hit the bottom of the channel and now price has broken above the mini descending trend line it was following quite strongly. we expect price to move down to the descending trend line as it has also formed an ascending channel wile breaking out.
We believe price will move up all the way to the top of the channel...
SELL AUDJPY ON 30MINAnticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
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100D EMA+ Broken resistance= BUY if 78.25 holdsAfter months of consolidation, AUDJPY broke out of the range last week and currently it's pulling back.
I have indicated the resistance with an orange line. Right now price is retesting the line.
Also,we have the 100D EMA around 79.30 which can support the price.
If AUDJPY manages to bounce back up from this line, it would be good for traders to BUY between 79.30-79.50 with SL below
79.20. TPs can be set at 80 and 80.61 respectively for such trades.
For more signals, ideas, and analysis, check out my signature at the bottom of this page.
