Audjpyshort
AUDJPY - Short active ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we can see that price failed to break previous high and then changed the character, filled perfectly the imbalance and then rejected from institutional big figure 92.000, so I opened a short position.
Fundamental analysis: On Wednesday we have news on AUD, will be released yearly CPI, one of the most important macroeconomic indicator. Pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
Possible start of the weekly third leg #sell side "AUDJPY is in a downtrend, retraced for 10 weeks into the weekly supply, and formed a 4-hour choch. Currently reacting at the Fibonacci 0.618 zone. Took the trade after a 15-minute confirmation. Let's see how it unfolds! #ForexTrading #AUDJPY #TechnicalAnalysis"
AUDJPY ShortHello guys
This pair has been forming a falling flag, a major indication of bullish momentum, but it is in the earlier stages of formation. I anticipate that the market will continue with the formation, according to the higher timeframes.
My entry point is at 90.7 with stop loss at 91.7, and I am targeting a 1:5 R:R ration for this trade.
Remember, risk only 1% of your account.
A big fall on AUDJPY - Selling at 92.20 There are many reasons to like this trade.
1) AUDJPY is overbought on H4. It showed a strong reaction at 92.25 and dropped.
2) It has made a double top on H4 with divergence.
3) There is a big pattern to sell.
4) There is a M15 sell pattern as well.
The move at a minimum should be aiming for 91.40 and then hopefully lower.
Good luck!
AUD/JPY pulls back from the resistance level, more drop?AUD/JPY has retraced from the resistance level at 92.35 area. Along with that, we also have the formation
of a bearish reversal candlestick pattern in the resistance level. So, it is possible to see more fall in
AUD/JPY towards the 90 level. My recommendation is to sell the rallies in AUD/JPY as long as price
stays below the resistance level
AUDUSD Reversal? Is Risk Off happening? AUDJPY in a potential daily trend change. Risk off is on the table. Traded 50% short on Friday morning in NY and sold off pretty much all day. A 2nd chance short at 50% HWB short 91.90 would be a gift. If stocks keep selling off though, would expect it to head down to the 91.262 early in the week.
AUD/JPY; Fade the rallies; Long term Short BiasPretty much everything is aligned in favor for this pair to post significant loses in the near future. (Including the sentiment indicators which are in firmly bearish territory!)
E.g., Fade the rallies!
- China's reopening is a dud - to say the least -, more importantly, with substantial long term implications;
- The commodity picture is strongly DEflationary, across the board; (US hard landing ; is Crude is going to hold around $60, or not?!; etc.)
- Japan is gaining it's industrial stride, benefiting from a deflationary (raw materials) environment and it's rapidly rising significance as the regional key stone vs. China;
- Australia (without much China) has the significance of a distant (albeit important) military outpost and that's all! (At the end of the day Australia bears even far less significance than India, which is simply too far from the developed world to play any notable role. - Australia happens to be even more removed and distance/sea lanes do matter nowadays, far more than at any time during the past 50 years!)
- ... and the list goes on . (A list which is rather long, all of it in favor of Japan.)
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 89.25 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.
AUD/JPY Short PositionHere is my analysis for a potential short position I have taken on AUD/JPY.
The original analysis was spotted on the M15 chart showing a large RSI divergence, However the main analysis was done on H1 graph.
My Reasoning for this short is:
- Large RSI divergence on both M15 and H1 graph.
- Large Supply zone hit where a lot of retracements have been before.
- Strong start rejection in resistance zone.
- MACD crossover forming.
- Lower volume on MACD too.
I believe this will be a larger swing position with 2 positions personally taken both risking 1% combined.
Position 1:
Entry - 91.135
TP - 90.112
SL - 91.650
Position 2:
Entry - 91.134
TP - 89.735
SL - 91.854
Both positions holding a 2.00 roughly RR ratio with risking 1% of capital combined.
AUDJPY to stall at trend of lower highs?AUDJPY - 24h expiry
The downward trending resistance line at 91.30 should provide the ideal target and fade level as medium term bears build positions into the current strength.
Previous support level of 90.50 broken.
The trend of higher intraday lows has also been broken.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
We look to Sell at 91.22 (stop at 91.65)
Our profit targets will be 90.25 and 90.05
Resistance: 91.30 / 91.90 / 92.32
Support: 90.00 / 89.15 / 88.50
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDJPY to see a temporary move higher?AUDJPY - 24h expiry
Previous support located at 90.00.
Previous resistance located at 90.50.
The trend of higher intraday lows has also been broken.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 90.50 (stop at 90.90)
Our profit targets will be 89.50 and 89.30
Resistance: 90.25 / 90.50 / 91.00
Support: 90.00 / 89.50 / 89.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.