AUDJPY | Still has juiceAUDJPY is in good trend, making higher highs and higher lows. This pair still has some juice left in it. One can attempt buy on dip strategy with stoploss on recent lower highs.
Alternatively, breaking the trendline and daily support will bring bears in the party and push the price lower.
Trade your levels accordingly.
Audjpyshort
Another SELL opportunity almost readyHi Traders,
Price has correctively reached the upper boundary of the expanding structure which we could see a reversal happen. Only if price impulsively pushes down with a LTF correction made after, will I then go short.
Keep your eyes out on this pair.
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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. Wave 2 moves further. This scenario is somewhat fielded, but otherwise a sideways trend 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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AUDJPY | Bullish SetupAUDJPY is looking bullish at the moment. The price action suggests it has given a breakout from falling trendline and restest it as well. The supportive trendline is also in action but it is a tentative one (white)
Buy on dip is suggested with stoploss on the horizontal area (arrow drawn)
Trade your levels accordingly.
AUD/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/JPY for the new week ahead
AUD/JPY Looking like could pull back into the order blocks and form head and shoulders pattern, I will be waiting on confirmation of this before placing a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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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 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.
🙏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!❤️
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.