AUDJPY Analysis/Trading Idea ShortLooking at the pair under 4hr tf, the market is in a downward trend and most especially making waves in the channel. Right in the channel, there appear an upward channel, there was clear reject at 50% fib level downside and also a clear rejection upside of the middle channel at 50% fib level leading to a bullish movement. We are expecting a retest at 61.8% fib level up for a clear confirmation of bearish movement down the main channel by next week.
Audjpyshort
AUDJPY Analysis/Trading Idea ShortLooking at the pair under 4hr tf, the market is in a downward trend and most especially making waves in the channel. Right in the channel, there appear an upward channel, there was clear reject at 50% fib level downside and also a clear rejection upside of the middle channel at 50% fib level leading to a bullish movement. We are expecting a retest at 61.8% fib level up for a clear confirmation of bearish movement down the main channel by next week.
AUDJPY | Approaching to important levelAUDJPY is all ready to give breakout from the falling resistance. If it manages to break above it, we will see the bulls to take price to the 82 and 83 levels. Alternatively if price falls from mentioned support then we can see to recent lows near 80.
Trade your levels accordingly.
EWT: AUDJPY is forming a contracting triangle.Currently, AUDJPY is forming a contracting triangle on the corrective wave ((4)). Price has completed sub-wave (C), and sub-wave (D) is in progress.
After completion of the (D) wave, the terminating wave sub-wave (E) will break the B-D trendline of the contracting triangle.
Wave (D) can end nearby 78.6% retracement of wave (B).
If the price breaks the B-D trendline, It can move to 85.35-86.25-88-89 . The traders should put protective stop loss at 78.78.
wave (5) may end at 89.609, which is inverse Fibonacci retracement 1.618% of wave (4)
Wave (E) can complete between 0.618 to .786 Fibonacci levels.
That's why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave E.
If you want to trade wave (E), then you should have a trailing stop due to the high volatility of wave (E).
AUDJPY | The safest place to buy✔️Hello traders , AUDJPY in daily timeframe , In this symbol, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5.
As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this recent ascent is for Wave 5 from Wave 5.
Wave 5 of wave 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed. The end of wave 2 moves further. This scenario is somewhat fielded, but otherwise a sidewall area is formed to complete wave a and wave b is formed, and then climb for wave c provided that the fibo breaks 0.618.
Moving more than the end of wave 2 will mean that it is still inside the main wave 4, and this wave 4 will be in the shape of a triangle.
This analysis will be completely fielded if the support indicated by the warning sign is broken.
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SUPPLY AND DEMAND - AUDJPY (2-8Jan 2022)MN Trend: Downwards
Price reaching FRESH MN supply zone
Consider all HTF and LTF sells
W1 Trend: Downwards
Price reaching FRESH W1 supply zone
Consider HTF , LTF sells
D1 Chart:
BUY opportunities with Confirmation
H1 Entry:
Low probability BUY zones with confirmation
AUDJPY Turning Short.Here we have our AUDJPY..
On the recent rally to break the previous downtrend channel we are looking to get short..
The IDEAL area is around the approaching 200MA area. We are looking short back down to comfortable support on previous fractals nearer the 100 MA..
Exit is at the eclipse symbol area.
AUDJPY are good risk reward to open short positionguys ,it's back to my zone. today yesterday i was adding short position to my portfolio and it's take stoploss. so today i was add new short position to follow my plan about head and shoulder pattern. let see what will be.
i know ,it was hit my stoploss 3 time since i was publish this idea. but as you can see the pattern are too much clear by itself also give you a good risk reward. if it's going down. it's will cover all loss anyway. this is daily chart pattern and it's a big pattern. it's common situation too take long time to action follow itself pattern(like few week to few month). the professional trader can always wait for the good opportunity and patient with discipline is the key. all of you know about it.
good choice to short AUDJPY ,let's see what i foundAUDJPY are will going down? i don't know ,but it's have 3 reason to short
1. the inverse cup and handle pattern
2. the head and shoulder pattern
3. divergence on rsi
and all of that signal are happen in timeframe Day
i already short it and will increase short position soon.
i will going to see the fundemental of both currency and i will back to update it soon.
don't trust me ,you should DYOR same as mine.
BTW ,take care your own risk.
SHORT ON AUD/JPYPrice has broken out of a symmetrical triangle on the daily timeframe.
On the 4hr timeframe price has broken and retested old support as new resistance.
The bears have came in after the rejection of new resistance.
Here is the play I will be taking on this pair:
PAIR = AUDJPY
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 81.391
STOP LOSS = 82.174 = 78 PIPS
TAKE PROFIT = 80.391 = 100 PIPS
AUD/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/JPY for the new week ahead
AUD/JPY as following previous weeks analysis i can see this pair still falling down lower so only looking for a short
so i will be looking for a pullback to order block zones to take a sell trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
AUDJPY | The safest place to buy✔️Hello traders , AUDJPY in daily timeframe , In this symbol, waves 1, 2, 3 and possibly wave 4 are complete and now we are inside wave 5.
As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this is the recent ascent for Wave 5 from Wave 5.
Wave 5 of wave 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed. The end of wave 2 passes. This scenario is partially fielded, but otherwise a side region is formed for the completion of wave a and the formation of wave b, and then the ascent for wave c begins, provided that the Fibo 0.618 is completely broken.
If the downward support (warning sign) is broken, the wave count will enter a new phase and confirmation for the start of wave b will be at a higher time.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️