[AUD/JPY] Trade ideaTrade idea for this forex pair with a little more than 4:1 ratio.
The TP will be adapted regarding the reaction of the prices on the level. We definitely can hold it for more if we see a potential breakdown.
Great Trade !
About Australian Dollar / Japanese Yen
This pair is the Australian Dollar against the Japanese Yen. In regards to U.S. equities on a short to medium term basis, it is often one of the most highly correlated pairs to price action. The pair tends to decline is a risk off approach and rise in a low risk environment on carry flows.
AUDJPY Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 91.800 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 91.800 support and resistance area.
Trade safe, Joe.
Bearish Continuation Setup in AUD/JPYThe AUD/JPY pair is nearing a retest of the previous month's low, following a recent breakdown from a triangle consolidation pattern. This move also saw price fall beneath an ascending trendline, forming a decisive bearish impulse leg.
Currently, the market is in a pullback phase, which may offer a
Market Structure High , Low , BOS, CHOCH , HH , HL , LH , LL I just draw thing market structure on Monthly time frame ,
Need suggestions or vouches if its valid
thanks
AUDJPY - Bearish Triple TOPHello Traders !
The AUDJPY reached a strong resistance level !
The price formed a triple top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
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TARGET: 88.580🎯
AUDJPY SELLInitiating a short on AUD/JPY as risk sentiment deteriorates and technicals point to a downside move. The pair has failed to break above and is forming a potential lower high, with momentum indicators showing bearish divergence. A break below adds confirmation to the short setup.
Entry:
Stop Los
Bearish reversal?AUD/JPY is rising towards the pivot which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse to the 1st support.
Pivot: 91.88
1st Support: 88.48
1st Resistance: 93.29
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and
Lingrid | AUDJPY pullback After the BEARISH MomentumThe price perfectly fulfilled my last idea . It reached the target zone. FX:AUDJPY market is approaching a test of the previous month's low. Prior to this movement, price formed a triangle pattern, then broke below it and an upward trendline, creating a bearish impulse leg. This current pullback
AUD/JPY at Key Demand Zone, Watching for Trend ContinuationOANDA:AUDJPY is showing signs of a bullish reaction from the key support zone between 89.00 and 86.00, an area that has acted as demand multiple times in the past. Price remains below the Ichimoku cloud (Span A at 92.13, Span B at 96.63), but the structure is still technically bullish as long as th
Trendline Break and Double TopThe price broke out of the 4-hour bullish trendline follow by a pullback and a double top formation then pullback and, now the price looks to go bearish
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The value of the AUDJPY pair is quoted as 1 AUD per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 AUD.
AUDJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade AUDJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.