AUDJPY LONGAUDJPY Long trend continuation
Support zone
8EMA retest
I aim for 1:3RR
BE set after passing 1:1.5RR
JPYAUD trade ideas
Bearisdh drop off pullback resistance?AUD/JPY is reacting off the pivot which is a pullback resisstance and could drop to the 1st support level which acts as a pullback support.
Pivot: 98.24
1st Support: 96.57
1st Resistance: 99.38
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDJPY expected to rally to 98.825Strong bullish trend on the 1H followed by a break and retest of structure in addition to the Fibonacci rejection makes for a good probability trade
AUD/JPY SHORT.Took a previous all time high so we can expect a pull back.
We had a very bearish engulfing candle on the monthly which left a fvg and we had some rejection from the fvg and a move to the downside that left a daily fvg along with a trend line. If i get a rejection from inside the daily fvg and from the trend line at the same time I will wait for a bearish engulfing candle from that area and look to short from there.
Also if you take the fibonaci retracement from the high to the low we have rejected from the 0.62 level so we have enough confluence to look for shorts.
AUDJPY - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
AUDJPY - POTENTIAL SHORT
Descending channel
Rejection at key resistance level 98.50 (4H & 1D)
Rising wedge with in descending channel
For entry
Looking for a break past the support of the rising wedge
Already have strong rejection on the descending channel resistance line
Stop set just above resistance zone at 98.80
AUD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
AUD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 95.787 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
AUDJPYThe Bank of Japan on Thursday held its benchmark interest rate steady at 0.25%, opting to take the time to assess the impact of financial and foreign exchange markets on Japan’s economic activity and prices. The yen weakened 0.3% against the dollar after the rate decision
AUDJPYBroke H1 support. Retest phase. Have a resistance trendline. Double top on M15. Please compare with your analysis first.
AUDJPY - LONG20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends: (Away from charts)
It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year!
How I see it:
Buy Opportunity
Support between 96.400 - 96.200
I deeply appreciate you taking the time to study my analysis and point of view.
Bearish drop?AUD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 97.63
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 98.68
Why we like it:
There is a pullback resistance level that line sup with the 50% Fibonacci retracement.
Take profit: 95.63
Why we like it:
There is a pullback support level.
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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.
AUDJPY Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
Until the two strong resistance zones hold my short term view remains bearish here
AUDJPY - SELLS INBOUNDWe are now watching for bearish price action on the lower timeframe. I will use trendline break, fibs, or BOS to find the reversal point. Targeting 91 (750pips)
AUDJPY Fall? And potential Stock Market correction?Potential short idea on AUDJPY
Reasons for (potential) entry:
- COT traders are buying JPY and selling AUD fairly aggressively
- AUD cutting interest rates, JPY hiking interest rates
- AUD could be under pressure due to reliance on China, who are facing economic uncertainty
In the past, when COT traders have bought JPY as aggressively as this there's been a stock market correction after it.
Not saying it's definitely going to happen again - but JPY is seen as a 'safe-haven' currency and it's usually bought up when investors are risk-off. Stocks have been on a crazy bull run for the last year, I wouldn't be too surprised if there was some sort of correction in it soon.
AUDJPYTrade Setup for AUD/JPY (1H Chart)
Structure:
The chart shows a clear bullish bias with a rising trendline acting as dynamic support. Price has recently tested the trendline and rebounded from a key support zone (highlighted in gray), suggesting a potential continuation to the upside.
Key Observations:
Support Zone: The price is respecting the 97.000 psychological level (gray area) as support.
Trendline Bounce: The trendline aligns with the support zone, providing confluence for a long position.
AudJpy will move down after taking all STOPS!What I see!
Looking for Impulse Down!
AudJPy will move down soon. It will take all stops before moving down. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you/ give better knowledge. If you have any question ask me in comments.
Learn & Earn!
AUDJPYrising wedge was made and bearish divergence was formed. Short the pair on 1H and finding Sell setup on smaller TF
AUDJPY LONGAUDJPY Long trend continuation
Support zone
8EMA retest
I aim for 1:3RR
BE set after passing 1:1.5RR
Heading into overlap resistance?AUD/JPY is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support.
Pivot: 98.85
1st Support: 97.02
1st Resistance: 99.88
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDJPY Analysis - BuyAUDJPY Analysis Overview
1. Seasonality:
AUD: Bearish until midweek — Seasonal weakness in AUD early in the week aligns with a short-term bearish sentiment.
JPY: Bullish — JPY strength throughout the week supports its safe-haven appeal.
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2. COT Report (Commitment of Traders):
AUD:
4-week flip indicates a Sell bias.
Non-commercial short positions are increasing, signaling bearish sentiment for AUD.
JPY:
4-week flip indicates a Buy bias.
Non-commercial long positions are increasing, reinforcing bullish sentiment for JPY.
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3. Fundamental Analysis:
LEI (Leading Economic Indicator):
AUD:Decreasing — Suggests deteriorating economic momentum, adding to bearish pressure.
JPY: Range — Neutral economic conditions but still supportive due to JPY's safe-haven status.
Endogenous Factors:
AUD: Mix to Decreasing — Weak internal factors limit AUD’s strength.
JPY: Increasing — Improving domestic conditions support JPY buying.
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4. Exogenous Factors:
GBPJPY: Strong Sell — Broader risk-off sentiment in the market favors safe-haven currencies like JPY over risk-sensitive ones like AUD.
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5. Technical Analysis:
On the 1-hour chart:
A Cup and Handle pattern and an ABCD pattern are forming, indicating bullish potential.
After point C, the price is making Higher Highs (HH) and Higher Lows (HL), suggesting a bullish continuation.
These bullish patterns present a good Buy Opportunity, especially as the price confirms its breakout above the handle.
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Bias: Buy
Despite AUD's seasonal weakness early in the week, the technical setup on the 1-hour chart favors a bullish bias for AUDJPY. JPY's strength provides additional support for safe-haven flows, but the technical patterns indicate that AUDJPY has room to rally in the short term. Consider entering long positions upon confirmation of the breakout above the handle.
Bullish breakout?AUD/JPY has broken out of the resistance level which is an overlap resistance and could potentially rise from this level to our take profit.
Entry: 98.06
Why we like it:
There is an overlap resistance level.
Stop loss: 97.03
Why we like it:
There is an overlap support level.
Take profit: 99.45
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
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.
AUDJPY - Growing SHORTS! Big Move Ahead!In one of our last AUDJPY analysis, we indicated that price looked foppish. Since then, we've had almost a 2000pip drop!
That big drop can be marked as wave 1 in our new bearish impulsive trend.
We are now in Wave 2, which is an ABC correction. We have completed Wave A (3 waves). We are now in Wave B (3 waves). We're currently in subwave b of wave B. Expecting subwave c to appear very soon.
Trade Idea:
- Watch for bearish price action on lower timeframe
- You can use trendline break, fibs or BOS to find the reversal point
- When entered, put stops above subwave B.
- Target: 91 (750pips)
4Week Chart
Goodluck and as always, trade safe!
See our previous setups below:
16-12-2024 - AUDJPY Short16/12/2024 - AUDJPY - Short Trade Plan
Trade Details:
Entry: 98.454
Stop Loss: 98.789
Take Profit 1: 98.110
Final Target: 97.117
Reason for Trade:
Price is rejecting a strong supply zone and trendline resistance.
Potential bearish reversal setup is forming after a retest of the resistance zone.
RSI shows a potential bearish divergence, further supporting the short bias.
Disclaimer : This trade plan is for educational purposes only and not financial advice. Always perform your own analysis and risk management before executing any trades.
