AUDJPY trade ideas
Aud/Jpy High timeframe trendline reversal?BOJ Raised rates first time in 17 years today.
I expect that the JPY will set a new long term trend based on this.
And i will do what i can to take advantage of such a oppurtunity.
Right now price is at a higher timeframe trendline and i am now short based on that alone.
If price breaks to the upside from this level i will use the same trendline or Ema 50 1H to get long.
AUDJPY ShortMARKET PHASE
OANDA:AUDJPY is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 97.852. Price is likely to retrace to this level before continuing downwards.
TRADE
I will be entering short on OANDA:AUDJPY with the following parameters:
Sell Limit: 97.852
Stop Loss: 98.002
Take Profit: 97.552
AUD/JPY may rise 40 - 54 pipsOur pivot point is at 97.60.
Our preference
Rebound towards 98.34.
Alternative scenario
Below 97.60, expect 97.36 and 97.22.
Comment
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (97.78) but below its 50 period moving average (97.86).
Supports and resistances
98.63 **
98.49 *
98.34 **
98.20
97.80 last
97.69
97.60 **
97.36 *
97.22 **
Number of asterisks represents the strength of support and resistance levels.
AUDJPY ShortWe have identified a brief confirmation on the AUDJPY H4 chart. The bearish order block (OB) has been retested and confirmed. Now, it's time to renew the demand zone. Risk reward 1:5
AUDJPY Target 99.00Bullish weekly closure
HHs & HLs forming
Trendline break
Head & Shoulders to the upside
AUDJPYAnalysis of the Australian dollar against Japan is weakening, so I plan to buy. I will wait for the price to reach support levels before entering into a purchase deal. My target is 98.017. Good luck!
Swing trade AUDJPY (downtrend)Downtrend forming here!
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Short buddy!!!Nice deep pullback
3 of 3 confluences met
97.200 target area where some liquidity is sitting .
AUD/JPY H4 | Falling to 61.8% pullback supportAUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 97.304 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 97.124 which is a level that aligns with the 78.6% Fibonacci retracement level.
Take profit 1 is at 97.714 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.28
Take profit 2 is at 98.129 which is a pullback resistance that aligns close to the 0% Fibonacci retracement level. Risk/Reward Ratio: 1 : 4.58
Total risk 1.14%
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
AUDJPY - Short to the imbalance ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here I expect bearish price action as price almost filled the imbalance and rejected from bearish order block + institutional big figure 98.000. My target is the imbalance lower.
Fundamental news: Tomorrow we have news with high impact on AUD and JPY, we will see results of Interest Rate, so pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
Technical Update - AUDJPY clsing in on strong resistance at 98.2The AUDJPY pair is approaching strong resistance and the 0.618 retracement at around 98.20. A daily close above this level could fuel a rally towards the February peak at 99, with potential up to 100, especially if the RSI supports the bullish view.
If rejected at the resistance, AUDJPY is likely to slide back to 97
AUDJPY shortPrice took liquidity from the previous week already and came to the supply zone, simpole trade
AUDJPY - Long Disposition AUD JPY on a long trend , i already entered a buy position of 4 Lot size on my $5000 account at the entry point of 97.949
AUDJPY possible dropAfter price broke structure to the downside with momentum, it preceded to retrace back towards a very extreme supply zone that it left behind during the expansion. It has currently formed liquidity below this supply zone that it could use to fuel its move further to the downside to break the recently formed weak low. The reason a short would be ideal now is because although we are bullish on larger time frames, we are currently bearish on lower time frames and are riding the retracement of the larger higher time frame move.
AUDJPY SELL IDEAPrice swept the 15m hight
Causing an induction and manipulation of buyers,
Price then created a lower high showing a change of character,
We expect price to drop from this point
AUD/JPY H4 | Falling to 61.8% pullback supportAUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 97.325 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 96.750 which is a level that lies underneath a swing-low support.
Take profit is at 98.129 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
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✅AUD_JPY WILL KEEP GROWING|LONG🚀
✅AUD_JPY is trading in a
Long-term uptrend along the
Rising support and after the
Pair retests it I will be
Expecting a swing move up
LONG🚀
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Bullish Setup Awaiting Entry TriggerWe've got OANDA:AUDJPY on the radar for a bullish move, following the higher timeframe's uptrend. The price has been teasing us, inching close to our entry point but not quite making it there—yet we remain on standby for the action to kick in.
Trade Plan:
Entry Point: We're lined up for the entry at the 0.75 Fibonacci level, which is sitting at 97.439. It's the sweet spot that we're looking to engage in, considering the significant reactions this level has seen in the past.
Stop Loss: To secure our position, the stop loss is set below the recent swing low at 96.80. It gives us the buffer we need against market noise while ensuring we're out if the tide turns against us.
Profit Targets: Our eyes are on the prize at the 0 level of 99.057, with intermediate checkpoints along the way. We're banking on the bullish momentum to carry us through, with the MFI hovering above 50, hinting at a buildup of buying pressure.
The bearish money flow observed recently might have some questioning the move, but the MFI's position suggests we're still in a zone where bulls could take over. We've made profits at this entry point before, and with patience, we're expecting the larger move to unfold.
Remember, the key is to let the trade come to us. Let's keep our discipline, manage our risk, and prepare to ride the bullish wave that aligns with the larger trend.
AUD JPY Bullish trend in light of Dow theoryAudjpy shows an uptrend on the 4 hr time frame and printing HH and HLs.
AUDJPY A short-term sell bias, ⚠️Word of Caution⚠️ setting the buy and sell position tools or drawing of direction lines on my chart doesn't mean I opened a position already or fixated on that certain bias, flexibility is also important, it just a forecast,i don't just trade when price hits my levels, I've got rules of engagement. The most important thing of all is 🆘RISK MANAGEMENT🆘.
