AUD/JPY BATTLEPLANIM NOT F*****G LEAVING! AUD/JPY LOOKS good to buy on daily chart , reverse engineer this process and we could see higher gold and lower oil . dont be surprised for a dxy reversal and a long set up occuring in /USD pairs. after this sell of presents a good time to buy FEAR. and we LOVE fear.
D-AJ
aud/jpy daily tradeIM NOT F*****G LEAVING! AUD/JPY LOOKS good to buy on daily chart, reverse engineer this process and we could see higher gold and lower oil. dont be surprised for a dxy reversal and a long set up occuring in /USD pairs. after this sell of presents a good time to buy FEAR. and we LOVE fear.
AUDJPY - WEEKLY PREDICTIONWe're long now!
Closing above 74.60 was key to seeing the Double Bottom validated and not just consolidation and weekly support.
Now we've had multiple bullish daily closes (good size candles as well), we have confirmation of the Double Bottom off that order block at 74.20 and are looking for buys to add to our current open position (running around 2%).
Targets?
1st target is the daily resistance and this is where price could begin to consolidate or bounce off in the short term, especially given the current climate with risk changing every session.
Target 2 is the actual completion of the Double Bottom pattern, which is the extension above the neckline, which lines up perfectly with the previous highs created in August
AUD/JPY SHORT POTENTIAL A/J ANALYSIS
6/16
Looking for price to pullback and reject area above
Until then we can look for short potential
We may range until the end of the ASIAN Session
Do NOT trade before taking confirmation
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
TO STAY UPDATED REGARDING THIS PAIR...
⬇ CHECK OUT BELOW ⬇
AUDJPY DOWNSIDE - 72 / 71Capped at fibonacci with a potential head and shoulders pattern, the price needs to return back to it's smoothed moving averages. With the current riots and negative economics surrounding the US Dollar this week, this may be a case of JPY picking up speed for safe haven.... Enjoy!
audjpy looking for buy The Australian Dollar inched lower on Friday, but still managed to close higher for the week. The Aussie continued to be supported by the Reserve Bank’s (RBA) optimistic outlook for the economy, but gains were likely capped by the strong U.S. economy and uncertainty over the economic impact of the coronavirus on China’s economy, Australia’s largest trading partner.
On Friday, the AUD/USD settled at .6714, down 0.0005 or -0.08%.
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AJ TP Hit: An Easy +200 pips, 1 week, 1 TradeAUD/JPY: +200 pips
This trade has hit our downside targets of 74 and 75. We've now closed the remainder of this position at 74. (+200 pips). Overall, this trade had NO drawdown, and was a great example of the trades we take every week; there's no point when 1 RIGHT position can earn us +5% in one trade while day traders are struggling with their 20 pip daily goal.
01:01:13 (UTC)
Mon Jan 27, 2020