AUDJPY trade ideas
AUDJPY - Top In Place! 1500pips Done, 5000pips To Go!In our last analysis we identified that we were looking toppish and gave several ways to confirm the reversal and get in.
We reversed perfectly and dropped 1500pips! We are now seeing a lower timeframe correction but we are still primed to drop another 5000pips.
On lower timeframe, watch for the completion of this correction. Again, we can use several ways to identify when the next big swing is confirmed:
1. Trendline Break
Watch for price to break a trendline that price has been respecting
2. BOS
Watch for price to break a significant swing point
3. Moving Average break
Watch for price to break a moving average that has been respected well
We'll post lower timeframe chart if there's enough engagement with this trade idea!
Goodluck and as always, trade safe!
You can find our previous analysis below:
AUDJPY - 4hrs ( Buy Trade Target range 300 PIP ) 🟢Pair Name : AUD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢Key Technical / Direction ( Long )
Type : Mid Term Swing
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✅Bullish Break
98.800 Area
Reasons
✅Major Turn level / D
✅Visible Range Lvn
✅visible range poc
✅Pattern Break out
✅Day / week High Break
✅Triangle Break
✅Fibo Golden
✅Bearish Reversal
102.300 Area
AUDJPY sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDJPY Sell analysisThe price started consolidating and neither broke a new high or low. The prices at 98.363 created both support and resistance for a further bullish trend. This indicates that the trend will be a reversal and start selling if it hasn't started already. When the reversal starts, there is also a resistance level at this price level 97.853
AUD_JPY BULLISH BIAS|LONG|
✅AUD_JPY is trading in a
Local uptrend and the pair
Made a retest and a rebound
Of the broken resistance level
Of 97.656 which is now a
Support and as we are
Locally bullish biased
We will be expecting a
Further move up
LONG🚀
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AUDJPY, we might see a good SELL!Based on my analysis, I best believe that this pair AUDJPY will start to SELL from next week! It has shown and proven the JPY index will/might get stronger strength!
AUD/JPY SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the AUD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 95.765.
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AUDJPY: Breakout & Demand ZoneAUDJPY has successfully broken above a key horizontal resistance level and a significant descending trend line.
This breakout has created a widening demand zone.
I expect a bullish movement to begin from the highlighted blue area, targeting 99.30.
Overlap resistance ahead?AUD/JPY is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit.
Entry: 99.77
Why we like it:
There is an overlap resistance level.
Stop loss: 101.41
Why we like it:
There is a pullback resistance level that aligns with the 127.2% Fibonacci extension.
Take profit: 96.87
Why we like it:
There is an overlap support level.
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AUDJPY: Breakout & Demand ZoneAUDJPY has successfully surpassed and closed above a strong horizontal resistance area and a significant descending trend line.
The broken lines have formed a widening demand zone.
I anticipate a bullish movement starting from the highlighted blue region with a target of 99.30.
AUDJPYAUDJPY closed above previous weekly high with bullish FVG so expect that AUDJPY will go Higher to the next PD array above
AUDJPY Forming Bearish Setup?
Symmetrical Triangle/Wedge: The price is moving within converging trendlines, indicating a period of consolidation with lower highs and higher lows. This typically points to an upcoming breakout, either upward or downward, depending on market momentum.
Trend:
Bearish Projection : The red dotted line suggests a bearish expectation, where the price is predicted to decline after hitting the upper trendline resistance, potentially leading to a breakout on the downside.
Key Levels:
Resistance: Around 98.500 – The price is nearing the upper trendline, which could act as resistance.
Support: Around 94.000 – The lower trendline acts as a key support level, potentially where the price could fall to if the bearish scenario plays out.
Conclusion:
This chart shows a likely bearish scenario for AUDJPY, anticipating a drop towards the lower part of the wedge formation, around 94.000, after encountering resistance near 98.500.
AUDJPY-BEARISH bearish divergence formed in 1 hour time frame take entry when price printing higher low
AUDJPY LONGaud jpy long before short demand and supply it has already tested the demand area and now it will go to the supply
AUDJPY - 100 coming upIF we look to the Price Action of the later part of last week we see
1. Rally - on Thursday in Asian/London sessions a move from 96.06 to 97.87.
2. Base - from this high of 97.87 to 96.71 over the NY to Asian Session on Friday. This corrective pattern was a Bull Flag conferring a continuation to the upside.
3. Rally - from 96.78 - 98.30 in the London session on Friday.
4. Base - another corrective pattern , this time a symmetrical triangle , forming in the last NY session. These Triangles can break in either direction.
Price has moved up to test the Daily Fair Value Gap , established on Tuesday 3rd September.
The present Triangular consolidation is testing the Midpoint of this FVG.
Considering a trade entry , the Bias is long based on the 55MAV above the 100 MAV.
Momentum is suggesting price is likely to break the Triangle to the downside, as we can see Bearish Divergence printing on the RSI.
Volume is suggesting Divergence as well to Price.
ENTRY
IF this does occur, the area of interest would be around 97.20 . Why ?
1. The Optimal Trade Entry sits around the Fibonacci 70.5 Retracement level = 97.30 , for Trend Continuation.
2. The 50 MAV is currently 97.25.
3. Intraday Demand Zone is at 97.15.
STOP
A valid point for invalidation of a long trade from this area, is the low of the Bull Flag acting as the intermediate Swing Low.
Target
1. Symmetrical Price Swing - 99.70 , to front run the daily Resistance at 100.
RR = 3+
