JPYAUD trade ideas
AUD/JPY continue with the Downtrend 👇On AUD/JPY it's nice to see a strong sell-off from the price of 99.580. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade.
Happy trading,
Dale
AUD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
We are targeting the 98.256 level area with our short trade on AUD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
AUD/JPY Poised for Downtrend Amid Fibonacci and RSI Signals
The AUD/JPY pair is exhibiting a bearish demeanor in the upcoming market cycle. A close examination of the chart reveals that the previous bullish trend was notably robust, ascending sharply to the 100.62 level. However, the ensuing bearish trend has unfolded in a less direct manner, adopting a zigzag pattern that incrementally steps downward. This pattern increases the likelihood of retracements, which we have already observed.
The initial retracement occurred within the Fibonacci levels of 0.382 to 0.5, with price oscillations between 99.182 and 99.369 respectively. This price behavior provides a strong indication of a continuing bearish trend. Subsequently, the second retracement transpired within the range of 98.82 to 98.70.
Currently, the price is situated at the third Fibonacci retracement level between 98.65 and 98.56, and we anticipate a pullback from this zone. A further descent is expected, particularly if the price breaks through the 98.19 support level.
RSI Insight:
During the aforementioned retracement phases, the Relative Strength Index (RSI) also plays a pivotal role in determining the strength of the retracements. For the third retracement to be deemed significant, the RSI should cross above the 60 mark, reinforcing the validity of the pullback.
Stop Condition:
The outlined bearish perspective could be negated if the price breaks and sustains above the 98.92 level. Such an upward movement would call for a reassessment of the bearish outlook and potential revision of trading strategies.
Endnote:
The current technical setup of AUD/JPY suggests a bearish continuation is more likely, with Fibonacci retracement levels and RSI confluence supporting this view. Traders should monitor these levels closely, with a keen eye on the RSI for additional confirmation. As always, it's prudent to implement sound risk management practices to mitigate against unforeseen market movements.
AUDJPY Bearish TrendAnalyzing the provided details for the AUDJPY bearish trend trade:
Trade Type: Sell Limit
Entry Level: 98.548
Stop Loss: 98.763
Take Profit: 98.3330
Risk-to-Reward Ratio: 1:1
Here are a few observations:
Entry Level (98.548): This is the level at which you intend to enter a sell limit order for the AUDJPY currency pair, anticipating a bearish move.
Stop Loss (98.763): The stop-loss level is set at 98.763, which means that if the market moves against your trade and reaches this level, your position will be closed to limit potential losses.
Take Profit (98.3330): The take-profit level is set at 98.3330, indicating the price level at which you aim to exit the trade and secure potential profits if the market moves in your favor.
Risk-to-Reward Ratio (1:1): The risk-to-reward ratio is 1:1, meaning that the potential profit (from entry to take-profit) is equal to the potential loss (from entry to stop-loss). This ratio indicates a balanced risk-reward scenario for this trade setup.
AUDJPYhi guys
i just share what i see
what pattern it is?
haha
disclaimer, this is not a signal
i just share what i see only
be smart
AUD/JPY Fails to Hold Above Former ResistanceAUD/JPY falls towards the 50-Day SMA (97.85) after failing to hold above the former resistance zone around the February high (99.06), but the exchange rate may track the positive slope in the moving average if it continues to hold above the March low (96.90).
AUD/JPY Rate Outlook
AUD/JPY is under pressure after registering a fresh yearly high (100.17) during the previous month, with a break/close below 97.60 (50% Fibonacci extension) raising the scope for a test of the March low (96.90).
Next area of interest comes in around 96.20 (38.2% Fibonacci extension), but AUD/USD may attempt to retrace the decline from last month if it continues to hold above the moving average.
Need a close back above the 98.77 (2022 high) to 99.00 (61.8% Fibonacci extension) region to bring the yearly high (100.17) on the radar, with the next area of interest coming in around 100.90 (38.2% Fibonacci extension) to 101.37 (December 2014 high).
--- Written by David Song, Strategist at FOREX.com
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.
Like, comment and subscribe to be in touch with my content!
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
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
