AUDJPY - SHORTAfter a few days of crazy fluctuations in price it looks like AUDJPY is heading for its resistance zone in a flag type pattern. I predict two options from here, either its going to consolidate and continue bullish - or most likely - we are heading for a short consolidation and a gradual bearish run.
Audjpyshort
AUDJPY - Short BiasAfter a 5-wave decline from 95.74 to 90.46, the pair is correcting in a 3-wave pattern. It is not clear whether the correction is over or one more upwards leg is on the cards, but I prefer to play this from the short side as long as we trade below 95.74. A break above this resistance will make us reconsider our count, otherwise we expect a large decline, through 90.46 towards 89.00
DeGRAM | AUDJPY short opportunityAUDJPY is currently testing a significant resistance level 94.000.
That level was tested multiple times, and it's still holding price.
We can see the price being rejected and it might move down to previous support levels.
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Audjpy weekly forex analysis with trading strategy for 02-05-22Audjpy weekly forex analysis with trading strategy for 02-05-22
In the recent times, i have been trading more of aussie pairs. from 2 weeks ago, a 100+ pips sell on audusd shared here video
analysis on YT. Last week, audusd and audcad sell analysis which is still doing massively fine. For this coming week, My selected pair from my watchlist is the audjpy for a SHORT.
Fundamentally, in the past week, interest rates from the Bank of Japan (BoJ) was unchanged, on tuesday the 3rd of may, the Reserve bank of Australia will announce interests rate which may affect the Aud as the interest rates is forecasted to be increased. Nonetheless, if the interest rate from the RBA is increased to my forecasted rate of 0.25%, i would still consider a short trade.
Technically, explained in the video analysis, Audjpy was initially in an uptrend printing higher highs and higher lows then followed by a massive rally to the upside signaling the presence of massive institutional 'Buys' pushing audjpy to an overbought level. After the move and watching closely, audjpy, started changing direction on the 4hr timeframe breaking structure to the downside and created unfilled supply zones as shown in the screenshot above. this was after price failed to break a major supply zone above.
Audjpy further printed a SHOOTING STAR candlestick pattern on the weekly chart followed by a bearish week.
After all these, I am considering a high probability sell scenario for the audjpy with an entry strategy shared in the video analysis of this content.
Let's go take some risks, let's go make some money. regards.
Preshus, Millionaire logistics
Daily AUDJPY Premium Signal For Monday 02April was a great trading month with over 800pips. We hope to go beyond this achievement in the month of May. Now back to our signal for Monday. Technically after a break of 92.487. We remain short below this level for a target of 30-50pips. Good luck trading.
AUDJPY LONGS ACTIVE 📉📉📉AUDJPY - LONGS ACTIVE ✅ sell side liquidity + weekly lows liquidity has been taken out. Expecting bullish price action from this area as we have to fill the bearish imbalances, the price also rejected a D1 bullish orderblock area + retail traders are short on this pair.
Retail herd positions average - 68% short positons = LONG SIGNAL ✅
What do you think ? Comment below..
Mon 25th Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/JPY Sell, EUR/GBP Buy & GBP/JPY Sell. Enjoy the day all. Cheers. Jim
AUD/JPY Sell opportunity as you can see in the charts the price moves in an uptrend forming an ascending triangle and it will break the trend soon so if you are looking for a sell don't rush it until it breaks the 92.88 mark and retest that level then place your trade ( that's the smart way to go about it ) but if you like to short as soon as you see the break then go for it can also be a good trade :), but it can also go break upward, if it does, don't buy until the price breaks the 94.33.
good day and good trading :)
please make sure to do you technical analysis first then take this as an opinion or a confirmation OANDA:AUDJPY ( do not trade based on my analysis )