AUDJPY AUDJPY has done a market structure shift and retested to the 4hr inverse fair value gap and has closed above it, now we are waiting for the distribution to the down side
AUDJPY trade ideas
AUDJPY Will Go Lower! Short!
Here is our detailed technical review for AUDJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 104.039.
Taking into consideration the structure & trend analysis, I believe that the market will reach 103.300 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDJPY Bullish Outlook Amid Short-Term Dip RiskHello Everyone,
Despite the possibility of a short-term decline to retest support levels, the overall bullish outlook for AUDJPY remains robust. Should the weekly support falter, there could be a reevaluation with a potential retest of the monthly pivot point.
TradeWithTheTrend3344
AUD-JPY Bearish Breakout! Sell!
Hello,Traders!
AUD-JPY was trading in
An uptrend along the
Rising support line but
Now we are seeing a
Bearish breakout
So we will be expecting
A further move down
Sell!
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AUDJPY-A buy trade in progress based on Fib retracement0.38 Fib retracement can be a point of an upside break and can help in making some good money.
AUD JPY SELL There is a potential trend reversal on the Daily timeframe.
Stop loss: 105
Take profit: 100.117
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AUD/JPY Set for Dramatic Reversal.The AUD/JPY pair has reached a critical juncture, touching the upper boundary of a well-defined ascending channel. This marks a pivotal moment for traders, as the pair's price action suggests a potential reversal, supported by multiple technical indicators.
50-day EMA: Bullish, indicating medium-term upward momentum.
200-day EMA: Bullish, confirming a long-term upward trend.
Hull Moving Average (9): Shows a sell signal, suggesting short-term bearish pressure.
Relative Strength Index (RSI 14): At 67.049, approaching overbought territory but not yet overextended. This suggests a potential for further upward movement but warrants caution.
Stochastic Oscillator: At 84.005, indicating overbought conditions, which could precede a price correction.
MACD Level (12, 26): Shows a buy signal with the MACD line above the signal line, but a bearish cross may form soon, hinting at potential downward pressure.
Volume and Price Action:
Increased trading volume has accompanied the recent price surge, typically a bullish sign. However, the volume spikes near resistance levels could indicate distribution before a potential sell-off.
The price has formed a series of higher highs and higher lows within the ascending channel, reinforcing the bullish trend.
The price is above the Ichimoku cloud, which is a strong bullish signal. However, it’s approaching the cloud’s edge, indicating a possible reversal if it re-enters the cloud.
Bearish Signals:
The channel top coincides with a bearish divergence on the RSI and MACD, suggesting weakening bullish momentum.
The MACD is on the verge of a bearish crossover, which, if confirmed, could accelerate a downward move.
Strong support levels at the 50-day and 200-day EMAs provide a safety net for bulls.
The overall long-term trend remains upward, as confirmed by the 200-day EMA and the ascending channel.
Short Position:
Given the confluence of bearish signals at the channel top, a short position could be initiated:
Entry Point: 104.00
Initial Target: 102.65 (Channel midline)
Extended Target: 101.00 (Channel bottom and major support level)
Stop Loss: 104.70 (Above recent highs and outside the upper channel boundary)
Long Position:
If the price action shows resilience and breaks above the channel decisively, consider a long position:
Entry Point: Above 104.50 (Confirmation of breakout)
Initial Target: 105.40 (Next resistance level)
Extended Target: 106.50 (Fibonacci extension and psychological level)
Stop Loss: 103.70 (Below recent support and inside the channel)
Short Now: If the price fails to break above 104.20 in the next trading sessions, confirming the resistance at the channel top.
Long Later: If the price sustains above 104.50 with strong volume and bullish confirmation from oscillators turning up from oversold conditions.
AUD/JPY is at a critical point where a short-term correction is likely before any significant bullish continuation. Traders should watch for confirmation of the bearish signals before shorting and be prepared to switch to a long position if a breakout occurs. Risk management with appropriate stop losses is essential given the current volatility and mixed signals.
AUDJPY Channel Up topped. Sell signal.The AUDJPY pair reached the top of its long-term Channel Up, while at the same time the 1D MACD is about to complete a Bearish Cross today. This is a strong sell signal combination and the minimum decline that the pair has within this Channel Up on a pull-back, has been -1.84%. As a result our short-term Target is 102.650.
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AUDJPYLooking for a sell on AJ.
Reason to sell:
Forming M pattern in 15 minute chart.
Use proper risk management.
Thank you
Heading into 50% Fibonacci resistance?AUD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 103.95
1st Support: 103.49
1st Resistance: 104.47
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Disclaimer:
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#AUDJPY: Targeting 105.00 area and beyond|AUDJPY| SetupsFX_|Dear Traders,
Similar to our other JPY chart analysis, we expect the same with AUDJPY, prices is likely to touch one more time 105 region or go beyond that. Possible entry is when drop a little and there we can get a better entry. Good Luck and Trade Safe.
✅AUD_JPY BREAKOUT|SHORT🔥
✅AUD_JPY was trading in
An uptrend along the rising
Support but now we are
Seeing a bearish breakout
So we are bearish bised
Now and we will be
Expecting a further move down
SHORT🔥
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AUDJPYWe can attempt to buy AUDJPY from specified level as 0.5 FIB , HL also occur , also there is no bearish divergence.
SL , TP mention in chart.
Medium term forecast for the AUD/JPY pair using technical analysAUDJPY presents an upward trend after touching an upward trend line for the third time, despite the low liquidity at the beginning of the session, the movement has a good target and may be a little slow, but investors work with purchase intention, maintaining price above Dragon EMA 50 and EMA 200.
SL: 104.069
TP1: 104.570
TP2: 104.581
Audjpy buy entry setup🤧Oopsie! Price did not reach our 2hr extreme demand. Instead it respected a high demand, while taking out asian low. This is before first break of Structure. If price respects this demand then we are officially bullish targetting the Asian high and 4HR swing high.
audjpy is bullish Factors affecting the AUD/JPY rate include general economic indicators, such as information on employment, inflation data, retail sales, industrial production, trade balance and the release of GDP data, as well as the central bank decisions regarding the interest rates in both countries. Political events, natural disasters and various government policies can impact the AUD/JPY exchange rate significantly.
AUDJPY I Potential reversal from resistance Welcome back! Let me know your thoughts in the comments!
** AUDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUD/JPY Day Trading Analysis With Volume Profile 📊AUD/JPY , it's nice to see a strong buying reaction at the price of 104.
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.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
COULD THERE BE A POSSIBLE BUY FROM THE CURRENT MARKET PRICE???Price traded and closed at $104.184. Recently we noticed a weakening in strength of JPY and investors are selling off their YEN. In regards to AUDJPY we may continue to see a bullish resilience in price from the area of 104.184 level
A buy opportunity is envisaged
AUD/JPY SHORT FROM RESISTANCE
Hello,Friends!
AUD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 100.034 area.
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