COMPRESSION TO PUSH UPWe believe this pair would use this compression to push up, we are at an support zone
AUDJPY trade ideas
Topside wicks, sagging momentum suggests AUD/JPY break may stickAUD/JPY looks primed for downside.
The price has broken the uptrend it's been sitting in since late September. RSI (14) is trending lower with the bearish signal confirmed by MACD. And one look at the topside wicks above 101.00 suggests sellers are lurking and unwilling to budge.
If the price manages to close beneath the uptrend, you could sell with a stop above for protection. To make the trade stack up from a risk-reward perspective, the 50-day moving average or 98.04 are potential targets.
Good luck!
DS
AUD/JPY remains unchangedMy outlook for AUD/JPY remains unchanged , with multiple indicators still showing bearish behavior. In this analysis, I’ve used Fibonacci levels, volume-based money flow, and order block analysis to confirm the trend and identify potential price movement.
Bearish Divergence in AUD/JPY: Short Opportunities Now.In the 1-hour timeframe for AUD/JPY , there’s a bearish divergence, with strong support just above and several high-volume zones at lower price levels. For now, I see good short opportunities at a premium price, while later on, the golden Fibonacci area could provide a great entry point for long positions once the price reaches that level. FX:AUDJPY
30/10/2024 - AUDJPY LongAUD/JPY - Long Trade Plan
Trade Details:
Entry: 100.438 (Order Block)
Stop Loss: 100.240
Take Profit: 100.630
Risk-Reward Ratio: 1:1
Reason for Trade:
Entry is based on an Order Block (OB) identified on the chart, suggesting a potential bounce from this support zone.
The plan is detailed in the accompanying chart, including key levels for entry, stop loss, and target.
Disclaimer: This is for educational purposes only and not financial advice. Please conduct your own analysis before trading.
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AUD Gets a Pullback . Are We just Before The Big Move up ?
AUD/JPY Analysis:
First of all, we can agree that AUD/JPY OANDA:AUDJPY is overall bullish.
However, after reaching the order block at the current levels, we might see a price retracement after a rejection. Historical performance suggests that we could experience a pullback later this week.
JPY Strength: The JPY PEPPERSTONE:JPYX seems to be gaining strength, at least for now.
Market Structure: We’ve got a swing CHoCH (Change of Character) on a higher time frame, indicating that a pullback before a continuation of the upward trend seems to be the right approach.
Gold Correlation: Gold TVC:GOLD is also at its highest, and a potential price pullback could align with the expected retracement in AUD/JPY.
Short-Term Outlook:
Short Position: In the short term, a pullback presents a good shorting opportunity for AUD/JPY.
We just got to The golden Fib level Had a Bearish Liquidity grab and got the minor reversal signal on the Oscillator Matrix. would be great to confirm the structure change on the lower Time Frame
Long-Term Outlook:
Long Position: Long term, the overall bullish trend remains intact, so longs are still the preferred direction.
For a major short, we would need to see the price reach significantly higher levels than where it is now.
Bullish bounce off pullback support?AUD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance level which acts as a pullback resistance.
Pivot: 100.10
1st Support: 99.49
1st Resistance: 101.38
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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AUD/JPY continue with the UptrendOn AUD/JPY , it's nice to see a strong buying reaction at the price of 100.610.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
AUDJPY GOING UP SOONEven though we missed it a little as you can see on our blue line, we had the correct idea ;
AUDJPY is still correcting this massive gap and getting a little lower before getting up again and reaching the blue zone.
However the ground is not super strong and it could break and become an interesting short posision.
BUY AUDJPYPossible movement for the next hours, even though the RSI tends to show a little downtrend for now, so not sure about this one.
However it is moving strongly in reaction to JPY and showing a will to go back up, we had it also yesterday but it got delayed because of the big fall today.
AUDJPY - SHORT Bearish Indicators:
1- Sereis of LH and LL
2- formatio nof shooting star and rejection from daily support level.
Entry Price - 100.598
SL - 101.202
TP1 - 99.919
TP2 - 99.249
AUD/JPY Signals Bullish ContinuationHello,
AUD/JPY can be a tricky pair to trade. While it might currently seem poised for a bearish move, bullish momentum is building instead, with the price retesting the 1W Pivot Point. Further upside is expected, confirmed by 1Y-1D SMA/EMA (5-200) !
TradeWithTheTrend3344
AUDJPYWe have 4 hours of confirmation in a daily zone; I will go long, with the first profit being 1 to 3.
AUD/JPY For Bullishyou can go long now
or
wait for entry point as pull-back and then go long
have fun :)
AUD_JPY LOCAL LONG|
✅AUD_JPY is trading along the rising support
And as the pair will soon retest it
I am expecting the price to go up
To retest the supply levels above at 100.885
LONG🚀
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AUDJPY: Bulls vs. Bears – Who Wins the Triangle Battle?AUDJPY is gearing up for a potential breakout from an ascending triangle. With rising lows signaling buyer strength, the key question is whether the pair can break through the resistance at and unlock further upside.
AUD-JPY Risky Long! Buy!
Hello,Traders!
AUD-JPY is trading along
The rising support and the
Pair is retesting it again so
We will be expecting a local
Bullish rebound on Monday
Buy!
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Check out other forecasts below too!
AUDJPY, poised for massive recovery! 1000 pip prospect.AUDJPY went on a winning spree this year, creating new ATH week after week before finally meeting a saturation point from its last peak at 109 levels.
As with any parabolic behavior, gravity must play out and it did. The pair corrected with so much weight, trimming down 1500 pips of its recent highs.
Now based on recent daily data metrics, AJ is bound for massive recovery as it is hinting reversal queues already.
Double bottom has been registered. A retraced to 78.6 fib level on its weekly metrics should warrant an upside reversal play.
Major order block at the current price zone should converge a good amount of net buyers. This key area is at the most overextended bargain area already fibwise.
Ideal Seeding opportunity at the current price.
Spotted at 95.0
Target is previous peak at 109.0
TAYOR.
buy once break 100.6230 from audjpybuy once break 100.6230 from audjpy. over all is bullish trends buy as per my plan
AUDJPY LONGAudjpy is on a strong bullish momentum, in both weekly TF & Daily TF, the correction happening right is as a result of an imbalance waiting to be filled up on H4 TF. Lets see how it goes when market opens
