Audjpyshort
AUDJPY | The best scenario for a fall📝Hello traders, Symbol AUDJPY ,This analysis has been prepared in a weekly time frame but has been published for a better view in a 2 week time frame.
as you can see in the chart, has a side mode price, and we did this counting based on complex waves.
In this chart, first a zigzag is connected to a flat by an X-wave , and the last wave of this flat ( c-wave ) is completed in the form of a channel.
With the price coming out of the purple channel, we came to the conclusion that the felt is over and now we have considered two possibilities:
Probability 1: X-wave
Probability 2: Start of the leading waves
At the beginning, we considered the new wave to be an X-wave , which, using fibo and harmonic patterns , identified an area to form a wave from this X-wave .
We expect wave b in the form of a pullback to move to the purple channel to Fibonacci 0.618 and then continue its upward trend in the form of wave c.
If Fibo 0.618 is broken, this analysis will be fielded.
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AUDJPY | The best scenario for a fall📝Hello traders, Symbol AUDJPY, as you can see in the chart, has a side mode price, and we did this counting based on complex waves.
In this chart, first a zigzag is connected to a flat by an X-wave, and the last wave of this flat (c-wave) is completed in the form of a channel.
With the price coming out of the purple channel, we came to the conclusion that the felt is over and now we have considered two possibilities:
Probability 1: X-wave
Probability 2: Start of the leading waves
At the beginning, we considered the new wave to be an X-wave, which, using fibo and harmonic patterns, identified an area to form a wave from this X-wave.
We expect wave b in the form of a pullback to move to the purple channel to Fibonacci 0.618 and then continue its upward trend in the form of wave c.
If Fibo 0.618 is broken, this analysis will be fielded.
🙏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!❤️
AUDJPY ANALYSISWe have this pair rejecting its previous support which has now turned to a resistance level on H4.
We see price closing up tightly and squeezing in, trying to find a breakout somewhere and move with momentum.
It would be nice see to a break above the level and a pullback to lock us in for longs. Targets would be a new high along the trend.
AUD/JPY Forex Analysis and ProjectionThe AUD/JPY has been falling for some time now, there has been a massive push to the downside which means the overall trend is bearish. Price trades lower and retraced back up creating liquidity, took liquidity it created, which makes it suitable for a sell opportunity to at least the liquidities below and on it's way to take out that liquidity, fair value gap is there to be filled.
AUDJPY Analysis Price seems to be continuing to replicate its previous bullish trend structure. I will continue to hold. I am anticipating that price will break out bearish from the current correction phase. If you can take a look at the up trend structure, price formed a correction around the same price zone.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Exercise patience and proper risk management.
AUD/JPY:UPDATE PRICE ACTION+FIBO ANALISYS|DOWNTREND|SHORT 🔔The forecast for the AUD/JPY remains bearish as global economic indicators point towards weaker than expected performance. Traders should expect more volatile trading after the Tenkan-sen, and the Kijun-sen, turned sideways, with the Ichimoku Kinko Hyo Cloud extending its descend.
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sell if it risesAUDJPY is rising to the upper edge of the downtrend channel (daily chart), it has moves that indicates of a breakout since 21st, but only managed to create a falling wedge from my opinion.
I'll be selling when it reaches above 81.15.
SL can be as low as 81.231 or higher above 81.36.
TP: expecting to breakout downward so TP slightly above historical support
AUDJPY ANALYSISJust as the other JPY pairs, AUDJPY has found bullish momentum for quite some days.
Although the 4H timeframe still points bearish, the bullish momentum is not to be overlooked.
Currently, at a resistance level, we're watching how price reacts before taking a position on this pair.
Price did reject the area initially but is now coming back at it with bullish momentum.
We still look for shorts until price breaks above the level confirming that buyers are willing to stay in this trend.