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AUDJPY Technical Analysis and Trade IdeaUpon analyzing AUDJPY, a robust bullish trend emerges, particularly when examining the daily and 4-hour charts. Notably, we’ve identified bullish price action—a clear breach in market structure on the 1D and 4H timeframes. However, it’s essential to acknowledge that this breakout might lead to a short-term bearish correction before the overall bullish trend resumes. Trade Idea: Given the prevailing bullish bias, we seek buying opportunities near key support levels. A pullback toward the 61.8% Fibonacci retracement level could present an attractive entry point. Remember that this analysis is for educational purposes only. Always conduct thorough due diligence and adhere to risk management principles when implementing any trade ideas. 📈💡
Long
by tradingwithanthony
AUDJPY Technical Analysis and Trade IdeaIn this video analysis, we closely examine the AUDJPY currency pair. We've identified a break below a prior low, indicating a downtrend. Considering the present weakness in the Australian dollar and the prevailing strength in the yen, I'm eyeing a potential selling opportunity. At the moment, the price has stretched significantly into a crucial support area. As outlined in the video, we're anticipating a potential pullback, particularly around the New York open, provided the conditions discussed in the video align. It's crucial to note that this analysis is purely for educational purposes and should not be construed as financial advice.
Short
by tradingwithanthony
AUDJPY Technical Analysis And Trade IdeaRecently the AUDJPY pair exhibited a notable breach in market structure, signalling a potential selling opportunity. This video looks at this trend, offering a quick analysis of price actions across both weekly and daily charts. It's important to underscore that the information shared is for educational purposes only. While the analysis offers valuable insights, it's imperative to avoid interpreting it as personalized financial advice or guidance.
Short
by tradingwithanthony