Audjpyshort
AUDJPY ShortWeekly momentum meter shows that AUD has exhausted most of its strength as does JPY with its weakness. This pair is overly due a retracement. This could happen anytime, we're looking for a break of the 4h market structure that fails in order to take this trade and the position its near now. Price could continue up for a retest of previous high in which case we will be looking for an entry there. We have set TP's for different support zones on higher time frames. Squeeze Momentum Indicator shows the the daily strength is starting to exhaust. Only thing to be cautious of is the same indicator on weekly shows strength but given price action and momentum meter we believe this will be a good sell; either at a failed BOS or a retest of the high. Volume Flow has given a bearish divergence.
⭕️SELL AUDJPY at 90.000❗️⭕️In the picture, you can see the analysis of the Australian dollar against the Japanese yen in one day time(AUDJPY , D1)🔎
🔰The pair has been on a strong uptrend in recent days, and if it is to make a correction it is the best place to sell in the 90,000 range because there is a strong resistance area to which it has reacted twice.🧐
I set the target in the first support range as well as the black uptrend line.👌
I hope this analysis is useful for you💎🌹
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AUDJPY Analysis 1h 27/3/22Trend Based fib short:
Sharing an idea using the trend based fib in confluence with the basic fibonacci. firstly AUDJPY has seen a LOT of upside recently, so this move it totally sceptical depending on the open being very close to Friday's close.
I am patiently waiting for a trend reversal here. firstly noticing the 1h fib retrace on the previous high. Fridays high touching the 0.88 before seeing a drop. if we continue moving down from here I am looking for bearish structure to form hence the pink line. that will be my entry depending on price action at that level.
Then profit target using the trend based fib based on where price has rejected on the basic fib = the profit target on the trend based. so if price gets rejected from the 0.88 fib then the target on the trend based is the 1.13 level. so, let's see how the week opens and if we make that initial break of structure, that's my aim!
Audjpy to ShortHere we have another Yen pair..
If you are Trading multiple yens do NOT overtrade. Spread out your risk between each pair.
Again we are looking short. negative JPY sentiment will not last forever and you should not be buying.
Look at the distance from MA's. Its a LONG way..
Exit on fall to early support.
AUDJPY | HARMONICS IN PLAY?AUDJPY after being trading under the horizontal level of 86 since Feb 2018, we see a clean breakout from the level on 16th March 2022.
Now the Hot Question is: Where will be the top?
If you see on the chart, we have showed crab pattern which shows bearish reversal on 91 to 92 region which is also the weekly resistance zone.
The indicator RSI is also reaching the top of the zone and we can see a drop if the bulls continue to long.
Alternatively, If weekly resistance taken out then 100 level is on the card.
Play your levels accordingly.
AUDJPY | BEARISH REVERSALAUDJPY has given a breakout from 86 level which has been the strong resistance in the past. Since then it has rise more than 400 pips with no weakness.
We have a harmonic bat pattern which can be the reversal point for the pair.
Good Luck for Live Trade
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AUD/JPY Risky Short Setup To Get 400 Pips , 4H Closure AmazingThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDJPY | RISING WEDGE AUDJPY has been trading in a rising wedge formation and currently it took a beating from the top of the wedge. We are expecting price will drop almost 100 pips from here to the bottom of the wedge.
Alternatively, breaking above will call for more bulls in the party and pair can trade to ATH
Trade your levels accordingly.
AUDJPY ShortAUDJPY has had a big pull upwards and is looking to take out a monthly doji where liquidity is being held. We expect price to hit this point and reject; moving in the opposite direction. JPY has set a new low on the daily momentum meter, despite the monetary policy it released and the fundamentals surrounding JPY, it is due a pullback. AUD has been strong a while and set to lose some of that strength. We will be waiting to see a bearish daily candlestick that looks appealing and taking the trade upon pullback after that candlestick presents itself.
R:R 1:13:2
GL.