AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still technically bearish on AU although we are seeing a large retrace to our 93.000 resistance zone. Going into this week we are looking for reactions around 93.000, either a break or bounce of the zone. For us to remain bearish we want to see...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking overall bearish on AJ but we are resting at key support near 91.000. From here we need to see a lower high closer to 92.250 to identify a safer short opportunity. We can then re-target 91.000 support. Trade scenario 2: For us to consider AJ...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are looking at some serious consolidation on the daily timeframe however, we are holding at a high so overall we are bullish. The 4hour is telling us a different story where price action looks like it is ready to fall a bit. Going into this week we’re simply...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are still consolidating on higher timeframes on AJ but overall we are bullish. Going into this week we are looking fo reactions from our 93.000 zone. Ideally, price action breaks below 93.000 and forms a lower high we can confidently enter short on. Trade...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall AJ is bullish on higher timeframes but we recently have been seeing some strong 4hour bearish volume. Going into this week we’re looking to see if this 4hour bearish trend continues. For this to happen we need to see a break of 93.000 support with a...
AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we have been generally bullish on AJ but we have been stuck between these two zones for quite a while. Price action is clearly struggling to find a trend so we will wait until the range is broken. Ideally, we see price action break above our 94.750...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall AJ is looking bullish but price action is struggling to break above 94.750 resistance. We can see price action is resting right near resistance so the most likely situation is AJ falling back to 93.750 support. Trade scenario 2: For us to confirm AJ...
AUDJPY Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are newly bullish on AJ 4hour timeframe as we saw price action push up to 95.000 resistance. The most likely scenario is a continuation of this pattern formation with price action falling to support. You can either trade inside the pattern if this happens or...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AJ is also looking very bearish going into this week. Ideally, price action can form a clear lower high below 93.000 resistance and give us good entry opportunities. Look to target lower toward 91.000 support. Trade scenario 2: For us to consider AJ more...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking bearish on AJ and it looks like we will continue with this trend through the week. Ideally price action confirms below 93.000 and forms a lower high we can consider entering short on. If this happens look to target toward our -27% fib level &...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are fully bearish on AJ and it looks like it will continue into this week. Currently we are in an active trade where we rejected from 38.2% sharply. It is likely price action will continue lower and establish a new lower low. If we are able to spot quality...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Currently AJ is in a steep downtrend and it will be hard to catch falling price action. Ideally, we will look for a retest of 95.000 resistance with convincing bearish variations to enter short on. Look to target lower toward 93.000 support. Trade scenario 2:...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall AJ has been bullish on the major timeframes but last week the 4hour timeframe has been falling off in a strong bearish trend. If we are to continue bearish we would need to see strong rejection from the current zone 96.000. Look to target lower if this...
Good morning traders. Market will be open here shortly. Be very careful trading AUDJPY. Its at a very crucial point where if it breaks higher, it will move rather quickly. Look at what happened recently with AUDCAD. There is an OB unmitigated on the daily TF and might shoot higher before going all the way down to my target area. Hope this helps. Don't forget to...
AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are still majorly bullish on AJ and we are currently consolidating at a high. The most ideal scenario for us would be to look for entries on structure points only (38.2 & 61.8). The safest move would be a clear reversal near 96.000 with strong bullish...
AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We recently broke the daily range after price action pushed above 95.000. Currently price action seems to be ranging between 95.000 & 96.000 so we will have to wait for clear price action to make a decision. If we are to look for long entries we need to see a...
AJ has broken down a number of times. It is expected to respect the order blocks which it has created and sell. RR is looking solid (3.59)
AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are looking bullish on AJ. Going into this week we are going to look for reactions near our 95.000 resistance zone. For us to continue bullish we need to see a significant high above 95.000 with a confirmed higher low above. Trade scenario 2: For...