Audjpyshort
AUDJPY: Potential BEARISH Continuation!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the AUDJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Higher timeframe:
Lower timeframe:
In HTF, this market reached its previous swing, clearly forming a double top, approaching on it with a corrective movement, which we can see better with a quick look on the lower timeframe, where the market formed a rising wedge just around the area of its previous swing.
More bearish confluences are still in line with our overall bias, a reversal sharp bearish impulse proceeded to break the structure to the downside, and the first correction after breakout was an interesting bearish opportunity!
When, where and why would we step into the market?
AUDJPY is currently creating a potential more continuation, the next week will be interesting to see how it will develop and if it will give us a deeper correction enough for another push to the downside.
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DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
AUDJPY ShortWell, in the previous analysis, I predicted that the price of this pair will be of bearish momentum. The movement enabled us to take profits @ 92.5 and 91.5. The price is back at the major resistance zone. And I anticipate that this might be the last bullish attempt before the price goes back to bearish momentum.
I am adding my entries @ 93.5.
Tp 1 @ 92.5, Tp2 - 91.5, Tp3 - 90.5, Tp4 - 89.5.
My SL is @ 94.5 thus making my R:R = 1: 4.
Remember, risk only 1 -2 % of your account.
AUDJPY - Short from bearish orderblock ✅ Hello traders!
⁉️This is my analysis on AUDJPY .
Here we are in a bearish market structure, so I am looking only for shorts. I expect price to fill the imbalance and to reject from bearish orderblock + institutional big figure 94.000.
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Aud/Jpy Short TradeHey Guys!
The Aud/Jpy's weekly bias at the current moment is short. Or in other words, price is likely to reach 87.30 before reaching 98.66.
In this post I explain the reasoning for the short bias, as well as how I plan to trade this setup.
That's it! I'll keep you guys updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
AUDJPY down under for AUD - Gosh I'm cornyAUD/JPY been forming a MAJOR Rising wedge over the last few months...
The reason why it's a Wedge and not a Pennant is because the formation has lasted longer than 2 months...
A Pennant is normally a very small version of a wedge (Under 1 month).
Now that the price broke below the Wedge means momentum is pushing down on the AUD.
Target 1 87.92
AUDJPY ShortUnfortunately, I was stopped out from the previous analysis. I believe that I entered the position too early, thus being stopped out.
The price has formed another rising channel / flag, currently @ 94.0, which seems like a bullish trap. This might be the last attempt of the bulls trying to outperform the bearish . If the price completes the rising channel , I will enter the trade @93.5
I am anticipating the momentum will continue, then a rising channel will be formed thus a major indicator of a bearish momentum.
Entry @ 93.5 Sl @ 94.5 and target @ 89.5
My R:R is 1: 4
Remember, risk 1 - 2 % of the account.
AUDJPY ShortUnfortunately, I was stopped out from the previous analysis. I believe that I entered the position too early, thus being stopped out.
The price has formed another rising channel / flag, currently @ 94.0, which seems like a bullish trap. This might be the last attempt of the bulls trying to outperform the bearish. If the price completes the rising channel, I will enter the trade @93.5
I am anticipating the momentum will continue, then a rising channel will be formed thus a major indicator of a bearish momentum.
Entry @ 93.5 Sl @ 94.5 and target @ 89.5
My R:R is 1: 4
Remember, risk 1 - 2 % of the account.
Selling AUDJPY at market.AUDJPY - Intraday - We look to Sell at 94.00 (stop at 94.70)
Previous support located at 93.00.
Previous resistance located at 93.50.
Indecisive price action has resulted in sideways congestion on the intraday chart.
A move through 93.00 will confirm the bearish momentum.
Our profit targets will be 92.50 and 92.00
Resistance: 93.50 / 94.00 / 94.50
Support: 93.00 / 92.50 / 92.00
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Bearish on H4 AUDJPY has broken out of the ascending wedge to the downside and is currently moving inside a bearish channel. I think that wave 5 is in play her and price should come down to the target box at around 91.50 - 90.800. If you look at the volume profile you will find a circle, I've marked this area to point out, that there's a huge volume imbalance and basically no resistance, therefore it should be pretty easy for the bears to push price down into that territory.
AudJpy- Where to sell to join the new downtrend?Since 60 low at the start of the pandemic, AudJpy has risen more than 2 years to around 99 highs in mid-September.
However, the rise since March is a large rising wedge pattern that was a warning for reversal.
Last week the pair has broken both horizontal and trend line support of the pattern and made a low to 93 zone.
At this moment AudJpy is in a normal recovery and this rise can offer a good opportunity to join the new downtrend.
95-95.50 is my sell zone and I expect a new leg down to 91.
Only AudJpy above 97 would negate this bearish scenario
AUDJPY 2 Way Scenario BE CAREFUL Good morning traders. Market will be open here shortly. Be very careful trading AUDJPY. Its at a very crucial point where if it breaks higher, it will move rather quickly. Look at what happened recently with AUDCAD. There is an OB unmitigated on the daily TF and might shoot higher before going all the way down to my target area.
Hope this helps. Don't forget to like and follow for more predictions. If you would like other charts evaluated don't forget to request them through the comment section.
HAPPY TRADING !!!