AUD/JPY re-entry into an ascending patternHi, dear investors we are revisiting the AUD/JPY pair after the strong support level was broken and the pair went out of structure , making our previous entry as a fail, but as we can see written on the chart we have successfully touched the botom and we have entered and confiremd an ascending pattern -
Entry : 97.550
Target 1 : 98.100
Target 2 : 99.500
After we go back in the 99.00 area we will revisit the pair if we can in put our previous strategy and continue forward so we can follow up with the next high targets of 100,101 and finalize at 102 at the upper Resistance Level.
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
JPYAUD trade ideas
PA #2 : audjpy sell 02/12/24 TRADE 1 : STOP LOSS (-0.78%)
1/ What I did right:
- Always looking for the activity, if there is any (only big boys can move the market)
- identification of aud and jpy news today but relatively no market reaction
- Identification of strong market reaction for buys from CPI news from JPY (29/11)
- Identification of market flow which is strong for JPY
- Identification of Power (previous session break and day break) which indicates that the big boys made the move: this is my job now.
- Right pair selection by choosing AUD which is weak.
2/ What i did wrong:
The direction was right, but timing was bad.
- This was mainly due to a big difference between the 3 min tf (for entry) and the 1h TF (for job identification).
This trade was in fact a 1H+15M trade instead of 15M+3M trade.
- Most important mistake: i didn't enter at the break of the money spot but before. I waited for the reaction like yesterday and the failure of the opposite part, but didn't trade at the break of the money spot.
3/ What i will change:
- We always enter at the break of the money spot, not before. (and the money spot has to be after the comeback of the buyers and the weakness of the sellers.
- Decide in advance the time frame we will choose, if it's a JOB that took place days before, higher time frame will be more suitable. And we won't get lost in the noise.
TRADE 2: TP (+0.85%)
1/ What I did right: Same as previous+
- waited for the weakness of the sellers
waited for the comeback
waited for the money spot
2/ What I did wrong:
- Decided to risk only 0.25% after the loss, maybe i could risk 1%( would've got +3%
3/ What i will change:
I will wait until the end of the week and check if we should keep safe or go harder based on performance.
TOTAL: -0.78%
OBJECTIF: +10%
AUDJPY💡The attached analysis shows the movement of the AUD/JPY currency pair on the daily time frame (D1), focusing on the concept of liquidity and breaking the structure (Break of Structure - BOS). The market is indicating a clear shift from bullish to bearish, with a sell entry opportunity upon retesting resistance (red zone) and targeting lower levels such as Swing Low. The MACD indicator shows selling momentum.
⛔️Not investment advice, for educational purposes only.
Falling towards pullback support?AUD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 95.69
1st Support: 94.30
1st Resistance: 96.92
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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: Channel Up bottomed. Bullish.AUDJPY turned oversold on its 1D technical outlook (RSI = 30.123, MACD = -0.750, ADX = 46.331) as it touched the bottom of the Channel Up. Unlike the price's LL decline, the 4H RSI has formed a Channel Up from oversold range, which is the exact same formation it had after pricing the September 11th bottom. Consequently, we should be expecting the pair to bottom now and start the new bullish wave. The last one hit and even breached the R1 level and then pulled back to the 4H MA50. We are aiming for the same level (TP = 101.550).
See how our prior idea has worked out:
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AJ (last couple Decembers is a sell)- per monthly chartsFrom the monthly charts of AJ, last couple of years- December (next month) is a sell. I will be looking for selling opportunities only at this time.
Chart attached is weekly AJ chart- which shows a red box from the 90.000 to the 94.000 area which, in my opinion price action will go for the remainder of 2024.
At this time price action is around 100.00- so if that happens it is at least a 600.000 pip sell opportunity at this time.
Good luck with your trading- stay safe. Please have a great rest of year and god bless.
AUD-JPY Bearish Breakout! Sell!
Hello,Traders!
AUD-JPY keeps falling
And the pair made a
Bearish breakout of the
Key horizontal level of 98.000
So we are bearish biased
And we will be expecting
A further bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
AUDJPY Set to Decline, Sellers in ControlHello,
AUDJPY has experienced significant rejection and is likely to continue its decline, aiming to test the 1-year pivot point and support levels. Sellers are currently in control of the market.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
30/10/2024 - AUDJPY LongAUD/JPY - Long Trade Plan
Trade Details:
Entry: 100.438 (Order Block)
Stop Loss: 100.240
Take Profit: 100.630
Risk-Reward Ratio: 1:1
Reason for Trade:
Entry is based on an Order Block (OB) identified on the chart, suggesting a potential bounce from this support zone.
The plan is detailed in the accompanying chart, including key levels for entry, stop loss, and target.
Disclaimer: This is for educational purposes only and not financial advice. Please conduct your own analysis before trading.
AUD / JPY DAILY BEARISH MOMENTUM TO FOLLOW ?
Description
AUD JPY on a daily overall looks bullish , but on a biggger scenario it is an pullback on daily level to 50 % of overall bearish momentum of the pair ( look left a big bearish momentum can be seen Jul to sept 2024.
ATM the pair has given us a hint on reversal by two way , first a retracement of 61 % and 50 % on daily TF then followed by a good head and shoulder pattern on 4hr level ,signaling us a potential reversal of the pair.
Trade can be taken with bearish confirmation on 4hr and 1hr confirmation .
Things i look on markets are
Market structure
SWING
IBOS - Break of structure and change of pair character
Fractal structure to trade on 4hr and 1hr
Looking to trade the distribution phase model 1price has been ranging for long enough, after the manipulation of the weekly FVG and close back inside the CLS range I expect the distribution phase to the 50% of the range. This would be my target, Im not in the trade yet.
Want to see at least a small pullback.
The goal of this post is to show you briefly my unique method of reading the market by understanding CLS.
Let's put it all together 🧩
📍HTF Level - Weekly FVG. Nested in Monthly
📍CLS Range Monthly
📍Dropping to the D1 which confirmed change in order flow. And I see potential for downside. Will be looking for an entry on the lower time frame - H1
Follow me if you want to learn more about CLS Trading.
What is CLS?
You may never hear about them.
Find them on Google. This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are market maker - smart money.
I have decoded their operational tactics to my advantage.
Study this and trade with smart money.
Good Luck
Dave Hunter
Three years RideRIDE WITH THE FOX!🦊🐥
The Fox does same thing over and over again.
Stop the laying and waiting for the fox to come to your trap,
ride along to its den.... when it gets there, take the chicken off its mouth. There is nothing it can do bcz it does the same thing over and over.
THE AIM IS NOT TO MAP EVERY MOVE BUT HAVE INSIGHT ON THE ROUTE IT WILL FOLLOW👌💸.
AUDJPY broke the uptrend line. Is it time to sell?The AUD/JPY pair recently made a significant break on the daily chart. The price broke through two significant zones:
1. The uptrend line, which has been supporting prices since August 2024.
2. The sideways range, between 99.70 and 102.00, which had served as a consolidation area for several weeks.
These breakouts indicate a loss of buying momentum, with sellers taking control of the market. Currently, the price is at 98.15, below the 50% Fibonacci retracement of the recent upward movement, with the 38.2% retracement (97.44) as the next intermediate support.
Bearish Continuation Forecast
With the loss of support at 99.70, if the price comes back to the breaking point at 99.50 and it works as a resistance, the downward movement should continue, especially since the breakout was accompanied by a large-bodied daily candle, indicating sellers' conviction. If the price loses the 38.2% Fibonacci retracement at 97.44, the next targets would be:
94.60 - Target projected by the 23.6% Fibonacci retracement, in addition to being a significant psychological zone.
90.00 - A long-term support, marked by the low of the July 2024 bearish movement.
This scenario will be reinforced if buyers fail to defend the next support zones.
Possibility of Retracement, an Alternative Scenario
Although the breakout indicates weakness at the moment, there is a possibility of a pullback to retest the 99.70 region or the broken uptrend line. If price manages to break above this level, there is a chance that the AUDJPY will resume the uptrend. In this case, the short-term targets would be:
102.00 - Former resistance and the top of the lateralization.
104.75 - An important level that acted as resistance in May 2024.
For the price to initiate a stronger reversal, a sustained breakout above 100.00 would be necessary, which would cast doubt on the strength of the sellers.
The AUD/JPY presents a dominant bearish outlook after the recent breakouts. The next critical zone will be the support at 97.44, which will determine whether the price will continue its downward trajectory or make a pullback to retest the broken levels. This is a crucial time to observe the price reaction at the support and resistance zones, seeking confirmation for both scenarios.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
AUDJPY Channel Up approaching its bottom.The AUDJPY pair has been trading within a Channel Up pattern since the August 05 Low and yesterday broke below the 1D MA50 (blue trend-line). The previous Low of the pattern was priced on the 0.618 Fibonacci retracement level as well as when the 1D RSI started rising after almost hitting the oversold (30.00) barrier.
As a result we are looking for a buy below 97.500, targeting 104.000 (just under the -0.236 Fibonacci extension, which was the last Higher High).
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