AUDJPY –From Breakdown to Breakout Long Setup After Failed ShortFX:AUDJPY
The short idea was invalidated after price broke above the key resistance zone and hit our stop.
Now, we’re watching for a pullback to the broken zone for a potential long setup, supported by bullish momentum.
Keep it clean. Wait for confirmation.
Stay sharp, stay disciplined.
Smart Forex Analysis | Weekly Setups
Clean charts. No noise. Just levels.
Audjpynews
AUDJPY Looking BullishIn the realm of swing trading, a strategy seems valid when centered around a clearly defined zone, particularly one that aligns with a strong dynamic line and is reinforced by a consolidation pattern. It is probable that such a zone will be honored.
When the price rests at support levels, there is an expectation of a bullish surge, as historical trends indicate that upward movements typically commence from these support zones.
audjpy sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDJPYAUDJPY had mixed price movement during this week indicating a strong buyers holds. We will have to see if price comes back to this week's friday daily low and bounce from there or it continue the bullish trend from fridays closed price.
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AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
These days, AUDJPY is slightly UP due to MARKET RISK ON. The reason for that was that the MARKET SENTIMENT was somewhat POSITIVE with FED UPDATES. JPY WEAK AFTER BOJ MEETING.
Because of that, XXXJPY CURRENCIES went UP very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more.
Therefore, after JPY becomes PRICE, XXXJPY PRICES may be UP in the future. Even now, we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance. Anyway, if the AUDJPY goes upside down again, the VIX should go down and the JPY should go up, and STOCKS should go up. The dollar should continue to strengthen as it has in recent days.
AUDJPY can definitely SELL at 90.00 LEVEL. But somehow, after that, AUDJPY may go UP to 95.54 LEVEL. Anyway, if JPY becomes WEAK, if the UP SIDE STRUCTURE is BREAK, there is a very good situation to BUY AUDJPY.
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
These days, AUDJPY is slightly UP due to MARKET RISK ON. The reason for that was that the MARKET SENTIMENT was somewhat POSITIVE with FED UPDATES. JPY WEAK AFTER BOJ MEETING.
Because of that, XXXJPY CURRENCIES went UP very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more.
Therefore, after JPY becomes PRICE, XXXJPY PRICES may be UP in the future. Even now, we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance. Anyway, if the AUDJPY goes upside down again, the VIX should go down and the JPY should go up, and STOCKS should go up. The dollar should continue to strengthen as it has in recent days.
AUDJPY can definitely SELL at 87.47 LEVEL. But somehow, after that, AUDJPY may go UP to 95.54 LEVEL. Anyway, if JPY becomes WEAK, if the UP SIDE STRUCTURE is BREAK, there is a very good situation to BUY AUDJPY.
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
These days, AUDJPY is slightly UP due to MARKET RISK ON. The reason for that was that the MARKET SENTIMENT was somewhat POSITIVE with FED UPDATES. JPY WEAK AFTER BOJ MEETING.
Because of that, XXXJPY CURRENCIES went UP very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more.
Therefore, after JPY becomes PRICE, XXXJPY PRICES may be UP in the future. Even now, we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance. Anyway, if the AUDJPY goes upside down again, the VIX should go down and the JPY should go up, and STOCKS should go up. The dollar should continue to strengthen as it has in recent days.
AUDJPY can definitely SELL at 89.26 LEVEL. But somehow after that, AUDJPY may go UP to 95.50 LEVEL. Anyway, if JPY becomes WEAK, if the UP SIDE STRUCTURE is BREAK, there is a very good situation to BUY AUDJPY.
AUDJPY-LONG
-Price will continue previous week bullish trend but wait for price to react to area of entry, please make sure that you use correct risk management.
-Remember trading against the trend may not be suitable for everyone, so if you have any doubt than do not take this setup and wait for price to change its character
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
These days, AUDJPY is slightly UP due to MARKET RISK ON. In recent days, JPY became somewhat STRONG because of the BOJ INTERVENTION and the drop in US INFLATION. Even now, we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to RETRACE to higher resistance.
Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. The dollar should continue to strengthen as it has in recent days. FOMC UPDATE MUST BE HAWKISH FOR THAT. If MARKET RISK continues to be ON again, you can definitely BUY at 95.63 LEVEL. But somehow it may go down to 91.06 LEVEL before going UP. After that, AUDJPY may go up to 95.04 LEVEL. Anyway, if JPY continues to be WEAK, if the UP SIDE STRUCTURE is BREAKED, AUDJPY has a very good situation to BUY.
To buy AUDJPY, VIX must be DOWN and SNP500 must be UP. Further, the TREND LINE should be BREAK. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS.
If the dollar is strengthened by the FED, MARKETS RISK should be off. Then after JPY STRONG, AUDJPY can be LONG TERM BUY. audjpy
AUDJPY LongThe price formed a bearish flag, broke out at the lowest trend line, thus forming a bear trap. I am anticipating that the price will continue with the bullish momentum.
My entry position is at 92.1 just above the previous HH( I am using the pullback strategy for my trade).
My stop loss is at 91.1, at the end of the bullish engulfing candle of the trend. My Target R:R is 1:3, where my targets are 93.1, 94.1 , 95.1.
Kindly, do not risk more than 1-2 % of your account and if the trade will be activated, move your SL when the first target is hit!
AUDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.