JPYAUD trade ideas
AUDJPY - Look for a long position ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement to fulfill the imbalance lower and then to reject from bullish order block + trendline + institutional big figure 98.000.
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AUDJPY: Bearish Outlook Explaine🔺AUDJPY is currently experiencing a slight downward trend. After hitting a horizontal support level last week, the market began a corrective movement in a bearish flag pattern.
Today, the price has broken below its support and is expected to close below it.
I predict that the pair may continue to decline towards the targets below.
AUDJPY to find buyers at market price?AUDJPY - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 98.60.
Price action looks to be forming a bottom.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 99.00 will confirm the bullish momentum.
We look to Buy at 98.60 (stop at 98.32)
Our profit targets will be 99.30 and 99.50
Resistance: 99.00 / 99.10 / 99.25
Support: 98.60 / 98.50 / 98.35
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Aud/Jpy Part 2. - The retestThis is a continuation of my last trade on Aud/Jpy.
Price have broken out of the trendline and is now closing in on it for a potential retest.
Price also has the Ema 50 4H helping with confluence along with the overall high timeframe trend.
I am waiting for a touch and confirmation on my idea.
Tradeplan:
Wait for touch.
Wait for lower timeframe confluence.
SL: 20 pips below SR
TP: 100
AUDJPY longTrends in trends, Breakout&retest of a falling wedge on top of a previous resistance turning into a support. taken from overall bullish weekly trend.
AUDJPY H4 | Falling toward the support?Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 99.05, which is an overlap resistance that aligns with the 38.2% Fibo retracement.
Our take profit will be at 98.21, a pullback support level.
The stop loss will be placed at 99.87, which is a swing-high resistance level.
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$AUDJPY 4H Time Frame Trade Idea for the Week 4/1/2024 TO 4/5/20OANDA:AUDJPY 4H Time Frame
Trade Idea for the Week 4/1/2024 TO 4/5/2024
AUDJPY BUYSHello traders, as we take a look at AUDJPY we are in a strong bullish trend on the 4 hour timeframe. We have a liquidity sweep, and a strong low formed. We should look for potential buys around this demand zone.
Good luck traders be sure to use proper risk management!
AUD-JPY - Ascending TriangleAUD-JPY - Ascending Triangle
Bullish on this chart, a break and confirmation above this level, open the door for the next resistance.
🐍 U FIND SELLS WHERE U FIND SNAKESPrice is coming out of a premium p/d array after forming a evening doji star after sweeping above a previous swing high which is a grab of liquidity...
AUDJPY False breaksWe had multiple false breaks on the higher and lower timeframes. Strong bear candles and following the trendlines.
BUY AUDJPY AUDJPY
buy at the HL point and sell at the point next HH
the trend is bullish so enter the market at the right time and make profit
AUD/JPY BEARS ARE GAINING STRENGTH|SHORT
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 96.612.
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Bullish Momentum Persists for AUDJPYHello Everyone,
The AUDJPY continues to exhibit bullish tendencies across various timeframes. It is crucial now for the price to consolidate above the daily and weekly pivot points (PP), as failing to do so could lead to a test of weekly support levels and even the monthly pivot point (1M PP). Nonetheless, current indications suggest that the conditions are still favorable for continued upward movement.
TradeWithTheTrend3344
AUDJPY Not Strong enoughThe AUDJPY attempted but fell short of breaching the 99 price level. At level 288, the Fibonacci extension initiated a retracement, forming a ChoCh pattern on the H1 timeframe. In the event of a bearish Choch pattern on the H1 chart, the prevailing bias is likely to favor a downward trend, with prices expected to resume their bearish trajectory once the pullback reaches approximately 98.7.
