Audjpylong
AUDJPY Is Heading Higher To Complete Five-Wave SequenceAUDJPY decline from wave 3 high took the shape of Elliott Wave 3-3-5 sequence known as Flat Pattern. This pattern is a corrective pattern and it is in the position of wave 4 in AUDJPY's case.
Both Wave 2 and 4 follow EW alternation guidelines.
Wave 2 was a sharp and deep correction (retraced 78.6% of wave 1) and Wave 4 correction is a sideway and retraced 38.2 of 3 so far.
If this count is correct, the price should head higher in wave 5 to complete the five-wave impulse sequence.
Other confluence:
Price is rejecting the H4 order block that is lined up with H4 200 EMA.
What's your view on AUDJPY? Let me know in the comment.
AUDJPY FORMING NEW PATTERN?? 28/10/2021DISCLAIMER ON, this is my personal perspective and analysis, audjpy potentially forming bullish Pennant (4 swings) or symmetrical triangle (more then 4 swings) we waiting for the price action ( candle rejection or impulsive bullish candle ) from the square area or waiting for breakup pattern. target price 87.080
AudJpy- Ready for 88After the correction from 85 to 77 strong support, AudJpy has resumed its up-trend, recovered losses, and is trading now just in the old local high zone.
For 2 weeks now the pair is consolidating gains and is putting in a small continuation triangle on our daily chart (visible, of course also on small TFs)
At this point, AudJpy looks ready for a break up and the target could be 88 strong resistance (visible on weekly and monthly)
A drop under 84 would negate this scenario
AUDJPY | The best scenario for climbing📝Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
AUDJPY in daily timeframe ,In this symbol we are inside a wave a of zigzag, this wave a is formed in the form of five leading waves and in the form of a leading triangle.
From this wave, waves 1, 2, 3 and probably wave 4 are over and now we are inside wave 5.
Wave 5 Complete your waves 1 and 2.
Wave 2 has a relatively deep correction compared to Wave 1, and this structure can have a relatively long wave 3 together. We think Wave 3 ended up hitting the midline of the channel.
And wave 4 ends with a correction on the gray channel.
The target for the main 5 wave will be Fibo 0.618 and 0.50. It should also be said that if Fibo 0.618 is broken, this analysis will be generally fielded because wave 3 will be the shortest wave.
If the microwave end of wave 1 breaks from wave 3, we will conclude that we are still inside the original wave 4.
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AUDJPY trading setupThis post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading
AUDJPY - Bullish BiasAUD - Strong Bullish
1️⃣ The risk-on market environment supports the AUD.
2️⃣ Rising iron ore prices in China have also been one of the main catalysts in AUD strength.
3️⃣ Investors also welcomed the resumption of U.S.-China talks, after U.S. Treasury Secretary Janet Yellen and Chinese Vice Prime Minister Liu He discussed macroeconomic and financial developments during their online calls.
4️⃣ Inflation rates in the third quarter are projected to increase following growing price pressures around the world.
JPY - Strong Bearish
1️⃣ The rise in the stock market weighs on safe-haven currencies like the JPY.
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Technical
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We are buying the AUDJPY after it bounced back on the RBS level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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AUDJPY Long - Entry on Break Up or Bounce off Bottom ChannelOANDA:AUDJPY
I am look at 2 possible entries here.
If AUDJPY breaks above the high I will enter for T1 of ~11 pips and T2 of ~23 pips.
I will also be watching for AUDJPY to retrace to the bottom of the channel for an entry as well.
Approximates Entries, Targets and Stops.
Enter above: 85.55
T1: 85.67
T2: 85.78
SL: 85.4
1410 4H AUDUSD looking up to 0.752-0.7560Hello traders,
AUDUSD has made its new trend up by making a double bottom on wkly chart.
Our last trade on this pair finished one trip.
Find a new one today on 1h or 30m chart during NY session.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
TARGET:0.752-0.7560
Your Real Entry Position Will Make Different RR for Your Trade.
Good luck!
LESS IS MORE!
And also looks good on AUDJPY