Audjpyidea
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.
AUDJPY RESISTANCE BREAK AND RETEST - DAILYAUDJPY was travelling in a horizontal channel until we saw a breakout to the upside a few days ago through the resistance zone. Price has now come back down to the 0.382 retracement level of the previous move upwards which is also where the previous resistance zone (now support) is. This indicates price is going up, but where?
Our target is at the top of the descending channel (marked out in thick blue lines) it has been travelling in which nicely lines up with the -0.27 extension level
AUDJPY Long Trade IdeaWe have finally seen AUDJPY break out of a huge consolidation. I am waiting for AUDJPY to drop just a little further back into demand which is also where we have broke through our consolidation upside. I think we could see a nice long-term buy all the way up to around 82.000 .
Very clean cut and dry analysis. There is not too much else to really look at with this pair. This is a trade IDEA and keep in mind this may not play out.
+120 PIP TRADE AUDJPY BROKEN OUT! AUDJPY was travelling in a triangle and it can be argued it was also travelling in an ascending channel. Price broke out of both structures to the downside and came back up to retest the structures before tanking all the way down to the previous support.
We have reached the 0.618 retracement level indicating a SELL opportunity, Our TP is at the -1.27 extension which is also the next support zone.
AUDJPY UPWARDS TRENDLINE BROKENAUDJPY has been travelling in an ascending channel on the daily chart , more visible here
Price broke our of this channel to the downside and as shown above on the 4H char, price has been making its way up as a retracement. On its way up it has formed a trendline which has now been broken, indicating that the short trade we expect is coming.....
AUDJPY MAJOR CHANNEL BREAKOUTSince the extremely large drop on the majority of FX pairs, AUDJPY has been climbing up in an ascending channel which is visible on the daily chart. Price has broken out to the downside and has come back up to retest the channel. Our entry is at the 0.618 retracement zone of the previous swing.
TARGETS ARE MARKED OUT ON THE CHART. PURPLE LINES ARE SHORT TERM TARGETS! ENJOY YOUR TRADE!