SELL [AUDJPY]AUDJPY Setup / Analysis
🕐 4hr's Chart
Key Technical / Reason's SHORT
———————————
What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Pivot and MA rejection confluence
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns
Audjpyshort
Bearish look on AUDJPY.Relevant market risks I have on my radar (it's obviously not a comprehensive list and mostly unchanged from last week):
Europe: huge uncertainty regarding future of gas flows from Russia; an unexpected resolution of the conflict seems very unlikely, but it could escalate on multiple fronts (gas, energy, militarily) very quickly
UK: don't have a clear idea about the impact of the Tory leadership race yet (potential for negative impact on the sterling is there given the comments from Liz Truss), the Northern Ireland protocol still remains unresolved
Global markets: the risk from commodity market squeezes spilling over seems to have diminished a bit
China/Taiwan: keeping an eye on the Taiwanese stock market as a risk gauge
AUDJPY short IDEAEntry 94.693
SL 95.712
TP1 93.088
TP2 92.101
TP3 90.596
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AUDJPY: Highs will e capped!AUDJPY
Intraday - We look to Sell at 94.50 (stop at 95.25)
Previous support located at 93.50. Previous resistance located at 94.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 94.50, resulting in improved risk/reward. A move through 93.50 will confirm the bearish momentum.
Our profit targets will be 92.50 and 92.00
Resistance: 94.00 / 94.50 / 95.00
Support: 93.00 / 92.50 / 92.00
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AUDJPY preparing for another drop!!AUDJPY has broken the local support zone and created strong bearish price action. The daily price has created a very strong rejection from the top with a wickless candle. The 4H price has formed another strong bearish price action. There is a probability of another drop from daily 20EMA and 4H 38.1% fib level.
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Week 7 assignment (EXHIBIT A) for AUDJPY by PROSHERIFF
A Double Bottom chart pattern has been confirmed on the 4H time scale.
The trend is on the downside according to the DOW theory.
Lower Highs and Lower Lows can be seen on the chart and a series of bearish candles turn the bias on the bearish side.
AUDJPY, 2 Possible Sell Senarios Hello Traders,
AUDJPY has been moving within a HTF ascending channel creating clear price action for a couple opportunities for a sell position. Price is approaching a level which could give us a strong bearish reversal as looking in previous history has been tested 3 other times pushing price downward. I will be looking at the LTF for bearish confirmation if price reacts from this 95.72 level.
If price impulsively breaks above this level I will be waiting for it to touch the upper boundary of the ascending channel, making a new high before looking for bearish confirmation for another sell opportunity.
Trade Safe
Thanks
SELL [AUDJPY] 11th Aug 2022 AUDJPY Setup / Analysis
🕐 4hr's Chart
Key Technical / Reason's SHORT
———————————
What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Pivot and MA rejection confluence
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns
AUDJPY analysisI have already analyzed the AUDJPY pair. I am looking forward to go short when I get an entry confirmation from the supply zone as soon as the london session opens.
I am only looking for shorts when price breaks in again into my supply zone.
The purple line indicates my take profit zone.
⁉️ AUDJPY - Market AnalysisHello traders!
⁉️This is my analysis on AUDJPY .
Here we have the same scenario as on EURJPY, price took out sell side liquidity and I expect a retracement to fill the imbalance and to reject from bearish orderblock + institutional big figure 95.000 to continue the sell-off.
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SELL [AUDJPY]AUDJPY Setup / Analysis
🕐 4hr's Chart
Key Technical / Reason's SHORT
———————————
What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Pivot and MA rejection confluence
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns