Audjpyshort
AUDJPY Break Down With AYANDA N.Hi Guys i hope ya'll good, So today lets break down AUDJPY.
Given the fact that this pair is from our resistance rallying down giving us buy pull backs... but from this point we can see that the market
is failing to break our newly formed resistance. so we are looking for a further push to the down side
Bearish outlook on AUDJPYOn the H2 time frame, we are seeing bearish order flow and a pullback to test its resistance zone at 83.97, in line with the 78.6% fibonacci retracement presents an opportunity to play the drop. RSI is also showing further upside before prices entered the overbought region and Ichimoku is showing signs of bearish pressure, in line with our bearish bias. That said, there is a chance that prices could continue its downtrend from here as it is currently holding below the 100 EMA which acts as dynamic resistance.
AUDJPY SHORT TRADE BREAKDOWNGetting a strong rejection at the time of typing this so it may be too late to jump on short trades, but I thought Id give a little longer breakdown video and mark on some levels just to show a little bit of my trading style. If you manage to get entry's id be looking at taking some profit at 82.850 and targeting some longer term areas around 82.200
AUDJPY short with 4x Confluences.
Confluences listed:
1: Trendline breakout and close on the Daily timeframe
2: Change in market structure and new lower has been formed
3: Break and close below support around the 84.7** area
4: Bearish engulfing candle at support
Summary:
Entry will be taken during the NY session. The trade has a potential RR of 2.5: 1 or more, depending on how deep the pull back is. Target are set using fibs from the high to the low of the breakout candle.
AudJpy Trade Idea RRR 1:3Sell Zone 84.973 - 84.661 (Above the top of the expected range for intraday trading)
Target Zone 83.643 - 83.036 (At the bottom of the expected range for intraday trading)
Expected range for Intraday trading @ Daily Volatility 0.74%
84.626 - 83.346
Expected range for Swing Trading @ Daily Volatility 3.38%
85.636 - 82.336
AUD/JPY 1HR CHART SET UP SELLHi everyone this is my trade set up for the AUD/JPY
AUD/JPY i am expecting a pullback to the order block zone and will be looking for a SELL trade
look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
please like and comment both are welcome
AUD/JPY BUY NOW.......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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audjpyAUDJPY - SHORT
Why are we entering?
- Expecting JPY strength after a short correction period (See JPY index)
- We look to be in a parallel bear flag
What are we waiting for to happen?
- price to retrace back to the structure and one of the fib levels
- Waiting to draw WFB
What is our confirmation?
- Break of WFB trendline once created
- Rejection of structure and parallel correction resistance
Entry
Safe Entry: Rejection of structure and then WFB (once correction is clearer)
Risk Entry: Rejection of structure and fib level
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 81.6
- Second TP: 80.8
SELL AUDJPYReason to enter sell
1. trendline (h4)
2. resistance zone (h4)
3. trendline & resistance confluence (h4)
4. massive bearish candle (w)
3. double top (w)
i think isn't good setup because zone in lower timeframe and major trend still uptrend, but you can try to enter sell with low risk and minimum risk ratio. enjoy!
Sell Opportunity on AUDJPYAUD - Weak Bearish
1️⃣ The RBA maintained interest rates at 0.10% and continued its asset purchase program of AUD 4 billion a week.
2️⃣ Australian jobs data is expected to weaken in October due to a fall in the manufacturing and services PMI.
3️⃣ The debt crisis of Chinese real estate companies resurfaced after Kaisa Group Holdings Ltd. and its Hong Kong-listed units were suspended from trading.
JPY - Strong Bullish
1️⃣ The decline in US Treasury bond yields supports the JPY.
2️⃣ Japanese Prime Minister Fumio Kishida is compiling an economic stimulus package on November 19 to help sentiment on the JPY.
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Technical
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The AUDJPY has broken and retested the previous support level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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