Audjpytrade
AUD/JPY Technical Analysis
AUD/JPY has bounced off from a supportive trendline.
However, the recent fall has depleted the bullish momentum in the counter its now in a rising wedge formation.
We expect the pair to move to trade with a bullish bias.
AudJpy- a 400 pips drop potentialAudJpy shows us a little bit different picture that other Jpy crosses with the pair still theoretically in a up-trend (up-channel).
This up-channel in my opinion is the "swan-song" for AudJpy and, with the risk aversion on the rise, the pair can drop hard (400 pips or so)
I will try to sell rallies for a good risk: reward and I will hold my position for a medium-term trade.
AUDJPY - sell biasedHi all traders,
by now, u would have made alot of pips just following this pair of AUDJPY. Congratulations on it.
Now for the next setup for AUDJPY.
Im looking for the close below the trend line.
IF the trend line is broken.
I am gonna look for further weakness in this pair till we reach the next support.
Plan your trade nicely and you should be able to scoop tons of pips from this idea.
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Like and share with all your friends of this idea.
**Disclaimer: All trade ideas are of my own personal view. It's not a financial advice. Thanks!**
Cheers everyone!
AUDJPY - bear flagHi all traders,
trade idea for AJ.
typical easy trade for audjpy! Happy trading pips!
Cheers!
Follow me on tradingview for more trade calls for you to grow your account for FREE!!!! =)
AUDJPY - potential selldown of AJHi all traders,
For this pair, im watching it closely for this retracement.
If it touches this trend line and bounce off, we should be getting a strong downwards move for this pair..
Cheers!
audjpy - buy biasedHi all traders.
For now, its an uptrend especially with the break out of the ascending triangle.
But be careful of any fakeout out of the trend line then continue strongly upwards especially on tues AUD cash rate news.
IF trend line is not broken, then we should expect continuation upwards
Cheers!
AUD/JPY FULL BREAK DOWN FULL BREAK DOWN FROM MONLY / WEEKLY / DAILY
TITLE/(DATE)- AUD/JPY (8/24)
ASSET- Forex
PLATFORM- MT4
ORDER TYPE- SELL LIMIT
Time Frame- 1w
ENTRY PRICE 1- 76.400 (pending)
ENTRY 2- 76.700 (pending)
STOP LOSS- 77.000 (60 PIPS)
TAKE PROFIT 1- 75.800 (60 PIPS)
TAKE PROFIT 2- 75.200 (120 PIPS)
TAKE PROFIT 3- 74.600 (180 PIPS)
TAKE PROFIT 4- 74.000 (240 PIPS)
STATUS: Pending
AUDJPY TRADE IDEAAUDJPY - See a pennant structure forming here. Will be waiting for a breakout of this pattern before entering a position. Currently near a strong hourly, and 4 hourly resistance level as well, so if we break upside, and break above the resistance we can look to add more positions.
AUD/JPY, Strong Bearish move down is about the corner.AUD/JPY is currently retesting 0.5 Fib, which is acting as a strong Resistance zone. If we broke the uptrend, we would be looking for some nice short trade by market.
AUD/JPY, next Impulse will occur very soon!AUD/JPY got bullish after this beautiful correction. Right now, I expect strong Bullrun for all JPY quotes. But AUD/JPY should be one of more aggressive ones.
AUDJPY - SELLPrice has now reached a key level of support, once broken it will be a sell to the green area
We can see in this chart price has tested this area several times last week before bouncing off, i believe we can get a few more short buys in before it starts to fall
ALWAYS wait for confirmation before jumping in!
AUDJPY - SELL
SL - 74.427
TP - 71.418
audjpy shortThis pair is looking really good for a short set up, if you look on the weekly time frame you'll see that there was a strong bearish retracement candle. Will be looking for a flag structure on this pair for the downside or the possible retest of resistance if it gets there correctively for the downside move. Will definitely be monitoring this closely this week along with gbpjpy and nzdjpy
AUDJPY: Short term sell setupAUDJPY has reached the critical zone of resistance around 76 - 76.50 and has developed the bearish divergence.
It gives us the short term opportunity to sell once the support from the most recent up trendline and horizontal level around 75.95 is broken.
We can set the sell target around 74.50 which is the next support. The invalidation of this sell trade would be the break above most recent high around 76.75
Please note that the trend on the higher time frames is still bullish and this is only a short term sell trade, therefore set a conservative exposure in this trade.
GOOD LUCK !!! FOR YOUR TRADES AND DON'T HESITATE TO SHOW YOUR SUPPORT IF YOU LIKE THE IDEA
AUDJPY H4After we get the next completed H4 bar, we'll know if it has a chance to continue down, follow thru of strength.
AUD/JPY, price should continue moving upwardsAUD/JPY is impulsing to the upside. It broke the pullback trendline and right now I do expect further bullish continuation.
AUDJPYAUDJPY recap of last week's trade and weekly analysis for the upcoming week starting today May 24, 2020 to May 29,2020.
AUDJPY wait for a retest on that trend line. if price holds that trend line as support (previously a resistance), then look for valid long entries on lower tf.
AUDJPY H1Let's get in here for a target of 1:1 and see if any future price action leads to more confirmation price will continue up.
