Long buddy!!!Target area was hit
Hope yours was as well.
Possible another long entry developing for the rest of the week
AUDJPY trade ideas
AUDJPY ShortDaily chart has seen AUDJPY respecting premium daily levels (rejecting from Daily SIBI).
The idea of this trade is that price has traded up into the daily imbalance, and rejected from it, so I now expect price to seek external range liquidity in the form of old lows on the daily chart.
I want to see bullish arrays get disrespected and bearish arrays respected to then look for m5/m15 bearish displacement for short entry.
HIGH PROBABILITY SWING TRADE ON AUDJPYAs we can see on AUDJPY that it broke out of the marked strong AOI and came down to retest it as support while retesting it has formed a double bottom pattern so we can look for buying opportunities.
TP1 - 99.00
TP2 - 99.50
TP3 - 100
AUDJPY outlook Waiting for price to pull into the unmitigated demand after taking out liquidity for buys as we are still bullish
AUDJPYH4 has respect the demand zone btn point 97.56-9730. we expecting more bull until 97.98 where will be 1 tp and the 2 tp at the daily resistance 98.60.
AUD/JPY H4 | Potential bearish breakoutAUD/JPY could fall towards a potential breakout level and fall lower towards our take-profit target.
Entry: 97.360
Why we like it:
There is a potential breakout level (wait for 1-hour candle to close below 97.360 for a breakout confirmation)
Stop Loss: 97.815
Why we like it:
There is a pullback resistance level
Take Profit: 96.849
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long Buddy!!!I Have liquidity taken imo. Divergence and one more confluence for my Long entry Target area at 98.200 in 20-40hrs
Trade safely my friends
AUDJPY - LONG idea after reach supply zoneAfter a bullish rally for the AUD there was a correction which wasn't reach 0.5 FIBO. Now the price is moving to down side which is positive for JPY. It is good idea to look for double bottom combined with candlestick pattern ot diviregence on some of oscillators and the entry could be a good for long position. Very important is that we expect new for the AUD which could have significant effect.
DOUBLE BOTTOM AT THE STRONG AOI ON AUDJPYAs we can see the double bottom formation around the strong area of interest so we can look for buying opportunities after some sort of bullish confirmation.
AUDJPY - 1H - CUP & HANDLE - SHORT POSITIONIn this chart you can we have spotted inverted cup & handle and we expect a down trend but we also observe a BEARISH DIVERGENCE.
hopefully we take a right entry & hit our TP
AUD/JPY BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
It makes sense for us to go short on AUD/JPY right now from the resistance line above with the target of 97.259 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
29-02-2024 _ Short Term Bullish Idea _ AUDJPY H41- Price has retraced to ~ 50% Fibo Retracement of the last move.
2- Hidden Divergence on RSI and MACD are suggesting a move UP.
3- Look for Reversal Signs in the marked zone
If the trade activates, SL and TPs as shown in the chart
Uptrend for Australian Dollar to Japanese YenThe price moves up when it hits the river point OANDA:AUDJPY
AUDJPY looks strong bullish trendAUDJPY looks strong bullish trend we can see bullish divergence and trend makes new higher high and higher low that's why most probably market will go in long direction .
What do you think?
