FX:AUDJPY   Australian Dollar / Japanese Yen
G'day,
Previous analysis attached below back in June 7th. Enjoy.

Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.

A note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral, however, as outline below - will be buying until the OL, offers a highly probable zones where a confirmed sell break and a confirmed sell from the Original level. Starting the supply and demand imbalance. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.

Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bearish move (positional trade).

Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Orange = Daily

Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.

Monthly

Re-mark:
  • January 2018, has a new Monthly imbalance - where price has broken through as structure here was weak, however offering a strong monthly bearish engulfing candle.
  • Price action between Oct 2021 - February 2022 offers a huge opportunity for price to break through this part of the curve (structure left) and react to the lower imbalance at 94.5 Mid candle - (note the candle ranging for the lower imbalance here at 92.7X - 97.00).

Original marking - aligned monthly imbalances marked and align better with the market structure.

Weekly Chart - as shown - technical mark up is provided.

Weekly with Fibonacci

Daily chart pushing towards the OL
  • Price fell towards the daily trendline and respected it at 87.9X - furthermore - netted out the imbalance on the 3day chart
  • Then from the imbalance drawn - showed a strong pattern to the arrival from the destination with little to no opportunity to sell - this created a short term strong curve, which needs to pivot back to a level.

Outcome from the Above June 7th chart.
  • From the establish high formed, price has now broken into the FL below the Monthly Original level (monthly timeframe)
  • The curve was broken from the Fresh high created, creating a FL on the daily. Price using a confirmation - created the low (pivot), retest of zone and then subsequent sell down towards the Demand imbalance.
  • Despite not reaching the sell imbalance price did however revert to a pivot for the Fibonacci Sequence at 70.5%. (revert to cleaner chart below).

Where price is heading?
Use confirms from a CP or PCP level.
Buying opportunities

  • Ideally looking towards a retest subject to confirmation at a tap of 93.XX

Selling opportunity
Awaiting the PCP level at the FL high at 97.XX
or subject to a downturn and <92 is taken with a daily close - confirming a sell upon a break of structure. (not in favour at present)

Do you enjoy the setups?
  • Professional analyst with 5+ years experience in the capital markets
  • Focus on technical output not fundamentals
  • Focus on investing for long term positional moves
  • Provide updates where necessary - with new updated ideas tracking the progress.
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To all the followers, thank you for your continued support.

Thanks,
LVPA MMXXII
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