A #short trade opportunity recently presented itself on the #aussieyen (#AUDJPY) #trading chart 📉. This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 100.972 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum should...
Is the AUD/JPY the trade to make at the beginning of the coming week? Both the BoJ and the RBA are delivering their latest interest rate decisions on Monday morning, 30 minutes from each other. The Bank of Japan is up first, at 11:00 pm on Monday (US time UTC –4). The Reserve Bank of Australia follow at 11:30 pm. What's expected from each bank? According...
The Aussie Yen made an attempt to breach the key resistance levels of 94.93 and 95.05. It successfully surpassed these levels during trading on Friday, but encountered resistance, preventing further upward movement. In this week, my strategy entails vigilant monitoring of the 95.05 zone, with the intention of executing a trade aimed at returning to the established...
Last week we saw AUD/JPY roll over nicely from a key resistance zone, yet its fast turnaround from the 200-day EMA now has a potential bullish breakout on our radar. A bullish pinbar formed on Friday after prices fell through our bearish target before closing above the 100-day EMA, then breaking above the 50 and 20-day EMAs on Monday. Prices are holding around...
I'm expecting further strength for the Aussie this week, and weakness from the Yen against it, so I'm looking for a long. We may fall-back to the 38.2 fib but then I think we'll see a strong move upwards, breaking out of the bull flag. We've seen this retracement as the pair became over-bought, but we now seem clear for a continuation upwards. I'm keeping a...
Price showed 4H long lower shadow , as a signal of finishing pullback, but as we see, bullish momentum is weak and deeper downward movement is probable.
This sell setup is to fill the wick of yesterday's daily candle which closed bearish. Today's setup is a 3:1 reward to risk trade with a SELL entry slightly above the PIVOT POINT. Good luck! ~ Happy Trading, Cheers! 💰
Trade Idea: Selling AUDJPY Reasoning: Start of a C leg lower? Entry Level: 88.91 Take Profit Level : 87.60 Stop Loss : 89.35 Risk/Reward: 3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
Trade Idea: Selling AUDJPY Reasoning: Intraday reverseal, break of a short term channel. Entry Level: 88.906 Take Profit Level: 87.44 Stop Loss: 89.42 Risk/Reward: 2.8:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Trade Idea: Selling AUDJPY Reasoning: AUDJPY into the neckline of a H&S top on the daily. Entry Level: 91.382 Take Profit Level: 89.38 Stop Loss: 92.02 Risk/Reward: 3.13:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses . There is a very high degree of risk involved in trading. The...
Trade Idea: Buying AUDJPY Reasoning: Swing failure at 91.08 Entry Level: 91.25 Take Profit Level: 92.00 Stop Loss: 91.04 Risk/Reward: 3.29:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
AUDJPY - Intraday - We look to Buy at 92.70 (stop at 92.15) Previous support located at 93.00. Previous resistance located at 94.00. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. A move through 94.00 will confirm the bullish momentum. Our profit targets will be...
AUDJPY - Intraday - We look to Buy at 96.25 (stop at 95.75) Previous support located at 96.50. Previous resistance located at 97.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 96.25, resulting in improved risk/reward. A move through 97.00 will confirm the bullish momentum. Our profit targets will be 97.75 and...
AUDJPY - Intraday - We look to Sell at 94.00 (stop at 94.85) Previous support located at 93.00. Previous resistance located at 94.00. Posted a Double Top formation. Risk/Reward would be poor to call a sell from current levels. The measured move target is 92.00. Our profit targets will be 92.15 and 92.00 Resistance: 93.50 / 94.00 / 94.50 Support: 93.00 /...
AUDJPY - Intraday - We look to Buy at 94.50 (stop at 93.50) Previous support located at 95.00. Previous resistance located at 95.50. Further upside is expected although we prefer to set longs at our bespoke support levels at 94.50, resulting in improved risk/reward. A move through 95.50 will confirm the bullish momentum. Our profit targets will be 96.50 and...
Here is the plan for AUDJPY short idea Wait for clear of highs then break and hold below Mondays high targeting mid range Arrow is trigger IF we get it
$AUDJPY long trade Already deviated and reclaimed Monday low Tight stop with very good R:R Safe trading
AUDJPY - Intraday - We look to Sell at 93.00 (stop at 94.00) Previous support located at 92.00. Previous resistance located at 93.00. Trend line resistance is located at 93.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 93.00, resulting in improved risk/reward. A move through 92.00 will confirm the bearish...