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Audjpyshort

AUDJPY Analysis 2h 25/6/2022Update from last weeks post: The analysis did not play out exactly to plan but the bias stayed the same and there were many opportunities despite the rise from the open on Monday. One area I focused on was the grey box which was mentioned in last week's analysis, price was testing this zone as resistance maintaining the bearish bias. so once price broke the grey box i left it alone, setting alerts for the previous high and taking a fib from the swing high on the bigger tf. you can see price broke with volume before basically reversing the exact same way. Once price failed to test the grey box as support i decided to look for a retest as resistance. My entry was 94.452, a quick 3.4R trade and price was back in the bearish narrative on all timeframes. I think it still has more to move but next week will tell.
Short
by ryanc49
AUDJPY Possible Selloff (Daily TF) Good morning traders, possible selloff on AJ on the daily. Liquidity has been taken from the upside, now we must be vigilant on how the daily candle closes and if any formations come with the move down. Possible double bottoms or wedge formation. This trade is only taken on the daily. FVG was filled yesterday. - AXY has been on a bearish trend for a while, "yes, AUD has been trending bullish against all other pairs rather sharply, but it's time for a selloff. Hope this helps someone out there, do your own personal analysis, thought I share with yah, remember, HAPPY TRADING !!!
Short
by Vic_Tech_Trader
Possible sell opportunity on AUDJPY!The overall trend on this pair is faced to the downside. The pair was trading within a correction for few days and now we see that it has broken below its rising trendline. This can be a sign that bears are breaking out and this could trigger a downside momentum. I have taken short position in this market, my stop loss above the resistance level and I have two targets in mind, 93.509 and 92.235. If you would like to take this trade with me, be advised to follow your own trading plans and rules. Otherwise I will be happy if you support my idea with likes if you find it helpful.
Short
by Forexintelligence_NA
4
AUDJPY Analysis 1h 19/6/2022 Benn a while thought I would share a trade that I think has a high probability of playing out, there are several reasons for this and of course it could all change on Mondays open. Looking for a short to recover this clean move here, not targetting the full move but you could easily leave 20% of the trade to run just in case it takes the full thing out (if the trade plays in my direction it will take out the full move) but I'm not looking to get into choppy price action, I'm hoping this is a volatile push down catch my profit and I'm out. 2 things that could happen, my entry is hit perfectly and price starts dropping which is the best-case scenario or the price comes up to make another lower high wait for that to happen and get in on the way back down. Price has made a double top pattern, i don't put much trust into these patterns but for me it makes a lot of sense that we don't go much higher than my orange line, i am totally fine having multiple attempts at this trade because when it goes it should be a 9R position so taking 2 entries makes sense. Monday will tell exactly what's going to happen but based on price action this is what i see.
by ryanc49