Audjpyshort
AUDJPY Short Trade Idea 💡 Hey traders, here is the analysis for the AUDJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
AUD/JPY: PRICE ACTION ANALYSIS| SHORT SETUP...Welcome back Traders, Investors, and Community!
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AUDJPY shortas we can see intraday charts (1 hour time frame) AUDJPY forming nice down trend. will see how price reaction to this order block. chart analysis on 1 hour timeframe.
audjpyAUDJPY - SHORT
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further AUD weakness & JPY strength = AUDJPY SHORT
What are we waiting for to happen?
- price to retrace back to the structure and EMA
- Waiting to draw WFB
What is our confirmation?
- Break of WFB trendline
- Rejection of structure
- Rejection of EMA
Entry
Safe Entry: Rejection of structure and EMA and then WFB break
Risk Entry 1: Rejection of structure and EMA
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 83
- Second TP: 81
AUDJPY Monthly Bear Flag PullbackBigger picture bigger timeframe view.
LL and LH on Monthly.
Pullback to bear flag break showing potentially good RR entry and longer term direction.
Longer term monthly target at 0.5 fib. Popular support at 72.
This could take a while.
AUD/JPY Market StructureLet's see how these psychological level are going to hold. 1% Risk on the long, 2% on the short (if price retraces & rejects the level)
AUDJPY - Short#AUDJPY H4
New Update But Still My Lat Analysis On AUDJPY Is Still Valid
More Down To Next Target TP2
AUDJPY | Sell on Strength AUDJPY after making a swing high, distribute itself and now making a move downward.
One should look to short it
Trade Plan
Sell Level 1 85.050
Sell Level 2 85.200
Stoploss 85.550
TP1 84.275
TP2 83.808
Can Short at Current levels also
Pitchfork and Supply - AUDJPY SHORT1. At the upper line of the pitchfork
2. At the supply line
Target to the point of confluence
Remember, points of confluence act as good magnets.
AUDJPY H4 ANALYSISPrice has rejected the 86.00 level numerous times. recent trendline break.
Looking for price to drop around the 84.73 and lower if we there is no support at that level.
Aussie is losing strength against yen to start off week. Looking for price to hold under 85.75
AUDJPY - SHORTPrice below local POC level. Sell on a false breakout! The target is next POC level.
AUDJPY - SHORT
ENTRY PRICE - 81.700
SL - 82.100
TP - 80.250
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
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AUDJPY trading setupThis post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading
AUDJPY - Bearish BiasAUD - Strong Bearish
1️⃣ Negative market sentiment generally weighs on high-beta currencies such as AUD, NZD, and CAD.
2️⃣ AUD is also under pressure amid falling commodity prices such as iron ore, copper, and steel.
3️⃣ Australia’s annual inflation rate fell to 3.0% in the third quarter from 3.8% in the previous period.
JPY - Strong Bullish
1️⃣ The decline in the stock market caused investors to turn to safe-haven currencies.
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Technical
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We are selling the AUDJPY after it failed to break the resistance 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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AUDJPY Sell 27 Oct 2021- Double top, good supply area.
- Decreasing volume rally to upside.
- Increasing volume to downside.
- Low order volume at 83 through market profile, potential price vacuum for further decline.
- Possible Monthly bear flag pull back entry.
- Good entry could be pullback to ICE or break through LPSY = PSY.
Ideas only.
AUDJPY: Bears IncomingThe bullish run has purged the previous high, this should now create enough liquidity for a shift in direction.
I would like to see a collapse from the AUD over the next few days with the assistance of the RBA.
Do you think this setup is feasible?
AUD JPY ShortAfter a set of Higher Highs and Higher Lows we see trend reversal signs like Lower Highs and Lower Lows
Candles like Three Black Crows suggests that the trend is reversed there fore shot strategy would be advised.
AUDJPY SHORT (Mean Reversion)Confluences:
1: Stop loss hunt at previous high on weekly level plus a breakout.
2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops.
3: Price has been moving very quickly which signals an over extended market for the pair.
Summary:
Price is currently over extended and has been moving in a up trend for 2 almost weeks straight. We are looking for a potential stop hunt at the high of June where many retail stops may be sitting. We might see a further push to the upside at the new weeks open.
There's is a potential for strong mean revision to take place allowing big players to hunt some stops and grab some liquidity before we see a continuation to the upside in a few weeks to come.
This trade is expected run for the next 8-9 trading days or until the target is reached, whichever comes first. Always remember to Buy to the low and Sell the high. We will be looking for any entries early next week. Remember to always buy the low and sell the high.
AUDJPY | Short trade idea agains trendAUDJPY has bullish bias now in D1 and seems to go a correction. While many traders said "you must trade with the trend", and hinder to trade against a trend.
But, I have a trade counter trend if you like if you wanna ride this correction movement in D1. What you have to make sure is the intraday trend is supporting your trade and we use Ichimoku by this time. So, here is the deal. If price can breakout support 84.884, then we can going to short with target 82.065. Sounds good?
Beware of the risk by the way.
Happy trading.
