Sell setup on AUD/JPYwe can clearly see a beautiful heads and shoulder pattern forming in the 4H TF . lets wait and see how price reacts in the zone for a better confirmation and entry.
JPYAUD trade ideas
AUDJPYIn for a buy position, applying proper Risk management is what can keep our account alive for long range journey
AUDJPY: Today's decline is a buy opportunity.AUDJPY is borderline bullish on the 1D technical outlook (RSI = 56.140, MACD = 0.500, ADX = 22.883) as today it has erased the gains of almost the past 3 days. As it approaches the 1D MA50, it is turning into a buy opportunity inside a double Channel Up pattern. At 99.000 we are turning bullish again and will aim for a +2.65% increase (TP = 101.700) for a HH.
See how our prior idea has worked out:
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AUDJPY : TURBULENCES- The market has been trading above a bullish trendline since mid-March. The mid-term trend is then bullish
- Since the impact below and a new 9-years high at 100.812, the market registered a sharp pull-back, with an acceleration brought by today's disappointing US CPI report.
This correction happened following a bearish divergence between the market and the MACD indicator.
Both short-term moving averages are reversing to the downside.
- The mid-term bullish trend remains valid so far. But the bearish divergence taking place as the market approached a new long-term high opened a door for the correction.
New support level can be found towards 99.528 (50% Fibonacci) and 99.228 (61.8%), just above the mid-term trendline.
Pierre Veyret, Technical Analyst at ActivTrades
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Long buddy!!!Bulls are still pushing strong.
Trade with the TREND.
101.100 is my profit exit.
Everything comes to an end though, be aware of that.
Trade safely my friends
AUDJPY Bullish Outlook Based on Gartley and Trendlines Harmonic Pattern Formation:
XABCD Gartley pattern observed.
Notable rejection at point D (98.200).
Key Support and Trendline Analysis:
Rejection at 4-hour Bullish Trendline.
Re-testing key support area post Bearish Trendline breakout.
Bullish Divergence:
Observed on the 1-hour timeframe Indicates potential bullish momentum.
Trade Recommendation:
Entry: 98.570
Stop Loss: 97.900
TP-1: 99.200
TP-2: 99.850
Disclosure:
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. All trading decisions should be based on your analysis and understanding of the market. Past performance is not indicative of future results.
AUDJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Like, comment and subscribe to be in touch with my content!
The possibility of intervention by the Bank of JapanExamining the trend in the four-hour time frame, the Australian dollar/Japanese yen has the resistance of the ceiling of the ascending channel in the range of 100.72, and if it is maintained, the rate can decrease to the support of the bottom of the channel in the range of 98.17.
Buy AUDJPY 04/09/2024Buy AUDJPY at market price.
SL: 99.10
TP: 103.88
I am only sharing my trades, not a recommendation to enter the markets.
Potential bearish reversalAUDJPY is rising towards a resistance level which is a pullback resistance level and could reverse from this level to our take profit
Entry: 100.359
Why we like it:
There is a pullback resistance level
Stop loss: 100.699
Why we like it:
There is a resistance at the 127.2% Fibonacci extension
Take profit: 99.235
Why we like it:
There is an overlap support level
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AUDJPY - 4H - Double Top - Short PositionIn this chart we have spotted a Double Top Formation, we are waiting for Red Candle to close then we take an entry. Bearish Divergence also spotted. Entry, TP & SL levels are placed accordingly
AUDJPY Trade IdeaThe AUDJPY is bullish on the higher time frame. Here we explore a potential trade opportunity if the conditions mentioned in the video arise. Not financial advice.
AJ is on the move SITREP ---
Previously...
MB 30%
Weekly B -- Daily BR/B -- 4H B
Strictly looking for buys even after a 4H retracement...
Now...
making some progress...
Might see a little corrrection before heading higher.
AUDJPY H1 Entry SetupAUDJPY has formed H1 CHOCH and made a pullback at 98.934 which can be used to short with reasonable TP at 98.220
AUDJPY BULLISH ADVANTAGE > BUY!For Traders and Investors worldwide, greetings. So basically, this is how I’ve been actively monitoring the price movements of AUDJPY for the past couple of weeks, and now I have shared with you on how I potentially intend to accurately predict its further next price targets and movements within this new trading week, as a result of backtesting relentlessly and preparing key details that should work profitably when implemented correctly. If you tapped in and agree with this idea hit the boost and follow, I really do appreciate it fr 🧡
(Read slow if you will 👇🏿)
- In the beginning, the process of identifying, figuring out, comparing, learning, and executing this high-probability Buy Opportunity was first initiated by this Bullish Candle that presented itself at the 9th hour 30 minute mark on Monday within this trading week possessing these four specific principles below, that I believe has the potential capacity within itself to effectively influence the price of AUDJPY to rise 100+ pips above the top bullish candle at $100.993 in 2-3 days, while potentially being able to prevent and protect the price of AUDJPY from hitting a 19.5 pip price level point below the top bullish candle in the first 3-5 hours of its trading process until the price reaches its outcome at $100.060.
-This is and will be the first Bullish Candle of this week #15, after the fulfillment and outcome of a Bearish Candle from last week.
(These are the four specific principles it possesses) - 4.8.2024
1st Principle present = This Bullish Candle with the (Blue Ema) is fully above the (Red Ma)
2nd Principle present = This Bullish Candle was found with a flat bottom, no wick
3rd Principle present = This entire Bullish Candle is fully above the Ichimoku Cloud
4th and final Principle = The previous wick of this Bullish Candle is 31 pips away from the top bullish candle, which is greater than the last bullish previous wick (19) by 12 = automatically making it a greater previous wick, knowing that the greater previous wick = the more effective, profitable, and powerful I would expect this Bullish Candle to be within itself and capacity.
(Greater Chart View + Work 🌅)
(My Live Buy Position off this Bullish Candle revealed) - 4.8.2024 - Monday
My ENTRY PRICE was $100.227 / the current price is now at $100.265 (38 point increase so far)
The price of my stop loss is set at $100.038 (18.9 pips below this Ep)
The price of my take profit is set at $100.993 (76.6 pips above this Ep)
Trading on a 10k funded account / volume size = 0.70 lot
- My personal risk management rules are in place within this Buy Position / always add proper risk management to your strategy!
(Bk) Buomkuoth Nhial Reath 💎 / Glory Be unto God our Father now and forever more! Amen.
AUDJPY M15 Entry & TP setupI made an entry on Fib 61.8% pullback (98.621) with TP next on 99.540. Hopefully it will work
AUDJPY My Opinion! SELL!
My dear friends,
Please, find my technical outlook for AUDJPY below:
The price is coiling around a solid key level - 100.31
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 99.985
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AUDJPY shortPrice is currently going for a retest into the resistance zone, also to fill the imbalance caused by the impulsive move, after which we should see a sell to the next support zone which is over 100 pips
AUDJPY shortPrice is currently going for a retest into the resistance zone, also to fill the imbalance caused by the impulsive move, after which we should see a sell to the next support zone which is over 100 pips
