AUDJPY after the double bottom over the minor support started a retracement move. The market reached the 0.618 of the previous impulse and is now turning again into a bearish scenario. If the price will break below the trendline according to Plancton's strategy we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
Prices are facing bullish pressure from 1st support in line with 100% fibonacci extension and 61.8% fibonacci retracement. Prices might pullback to 1st support before pushing up higher towards 1st resistance in line with horizontal swing high resistance and 78.6% fibonacci extension. If prices fall through 1st support, prices might push down towards 2nd support...
AUDJPY broke downtrendline Pair is based above key level at 83.05 Above SMA 100 MACD shows weakness in bearish momentum RSI is above level 50 we r waiting price to exceed next resistance level at 83.90 to open long trade It's expected to target first HVN at level 84.40 then finally target supply zone at level 85.45
AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are back to bullish. Last week we did see a strong reversal near our 100% fib level followed by a rally. At the current level we can not just take a long opportunity, we need to wait for a higher low & new support to form. Ideally we want to see a...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (84050). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Nice long trade going on AUDJPY. Long trade triggered due to the third touch on the trend line. Saw an opportunity to hop on the bullish momentum
After we are in an uptrend for sometime with confirmed trendline action ...we just broke the TL (Fakeout maybe?!) we saw several clear flips on the upside since yet and i hope to see one more right now + demand zone is a good confirmation and confluence for me to enter a long with some wider sl and one pending a bit lower for tighter sl + higher RR factor.. i...
AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are still very bullish and are looking to continue with that trend. Price action is currently pulling back to our monthly support level around 83.300 where we will be looking for reversals to enter long on. Look to target higher toward prior highs and...
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 it. As we can see, the price is inside an ASCENDING CHANNEL and started falling from its resistance Let us know your views on this in the comment section. Thank you all. There is good news for our...
AUDJPY - Trade Idea! Technical view: Support: 84.215, 83.880, 83.515, 83.375, 82.975 (Keep an eye on 50EMA) Resistance: 84.760, 84.940, 85.460, 85.915 Pattern: Wedge Technically we within a small range at this current moment of time. A break to either direction to next support or resistance zones. Add alerts to make it easier to trade either direction! ...
The upward trend continues! From weekly chart to one hour - we see an upward trend in all periods. This is probably one of the most definite movements at the moment. The only option to engage in such a movement is in correction or break and test. This is what we expect at the moment - to see a break of the previous peaks and to join the test. The expected...
AUDJPY is consolidating in a minor range below a structure at the previous highs. According to Plancton's strategy, if the price will break above and the conditions will be satisfied we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
See Signposts for key price action details.
Hello, the bulls managed to come back and test the potential intraday supply zone around 84.70 within which I expect a downward reaction. selling rallies towards 84.70 Stop above 85.05 Target 82.50 Good luck
AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall this pair is still very bullish and is currently near our 0% fib. We are a bit over extended on the 4hour so we are not yet looking for long opportunities. Ideally, we want to see a pullback with a higher low near 83.550. Look to enter long on bullish...
Hey guys, The pair is currently in a flag inside what looks like a broadening formation (megaphone). Based on the Ichimoku Cloud, we can see that the price is supported by a thick daily cloud and is currently above all its clouds as well (H1, H4, and Daily) suggesting that it will sooner or later test the highs again. I am already positioned in this trade,...