Price is getting squeezed upwards, this should lead hopefully to a breakout in coming days. Once price reaches 76.8, it may drop down and test the trendline one more time. . Once and if price does breakout of this triangle my Target will be 80.00. This should also finish off 5th wave. Check my prior ideas for other info on...
According to this week’s JPY COT report we can see that the Yen is stacking up even more long contract positions. We can expect it to hold a strong position among most of the pairs surely till the end of the month.
AUDJPY has been in an uptrend since the false breakout in March 2020 where it reached the 60.000 mark near the monthly critical area. Now it has...
AJ in my opinion is still bullish, it got choppy for awhile but seems to have created a double bottom, which is good if you are long. I'm still targeting 78.00 for the end of 5th Wave. Check the chart and good luck traders!
The Breakout Opportunities system has just sold AUDJPY at 75.234. The system recommends entering this trade at any price between 75.031 and 75.296. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.062, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high...
So price broke out of the Wave 4(ABCDE) pattern it seems. If you missed getting into this long early there may still be a conservative entry around 72.64. When price reaches the prior high, a lot of shorts may be picked up with people betting on a double top situation, that could push price down to the 72.64 area, which is a spot with a couple important Fib...
AUDJPY Long idea
All significant timeframes are very bullish and we are looking to continue with this trend.
Recently price action broke out of consolidation around the 75.00 area and is now retesting the broken zone as support.
We are looking for a higher low and lower timeframe confirmation to support the idea of a bullish push. (The blue trade path)
AUD/JPY, Swing, D1, Chart, My algo says UP...
Will check it again tomorrow when the market opens and will place a live trade (blindly, lol!). If you are going to follow this, just ready-up your exit chart so you wont get burned.
Monthly Chart. AUD/JPY could possibly go UP. General trend is still on a downtrend but price has broken my first trade confirmation area. I'll wait a bit for more movement but I won't wait for price to hit my 2nd confirmation area. I'm just waiting for the present trend to switch and it's a GO for me. Hoping to see some massive pips :)
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
🔸 DAILY CHART EXPLANATION:
🔸Price broke the Descending Trendline.
🔸It is now facing the Resistance Zone.
🔸If we see a breakout here, the next bullish target is the Resistance Zone at 0.80500. If price bounces, then we will consider a downside move towards the broken Trendline.
🔸 Will look for a lower timeframe setup.
🔸 4H CHART ANALYSIS:
AUDJPY Long idea
Looking more bullish on this timeframe and will continue with this trend as we see it form
Long entry opportunities on a break and retest of 75.000, target higher toward major resistance
Short opportunities on a confirmed bearish transition. Look for a break and retest of higher lows and target lower toward major support.
Aussie is starting to look like it might break out north. Could be a nice spot to get in with low risk. Look for an entry around 74.64 to 74.80. If it does go long I think an easy Target would be 75.87.
Hello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price has hit its Resistance. One can take a sell trade till its support.
Let us know your views on this in the comment section. Thank you all.
There is good...
. There is still a possibility of temporary retracement to suggested resistance line (74.55). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. AUDJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
The pair has broken the trend line. Wait for a double top to form in confluence with it touching the trend line which will act as a resistance. This trade will have a great risk/reward if the conditions are met but it might take a few days before the conditions are met. As always be reactive
Price just tested again it's previous resistance and is now forming a nice bullish candle on H1 forming a support.
I am entering long and will target the top of the structure which is also a previous resistance area.
*** Trade at your own risk ***