Trading suggestion: . There is a possibility of temporary retracement to the suggested resistance line (83.92). . 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 a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
AUDJPY after the recent highs retraced until the 0.618 Fibonacci level. The market from there started a new impulse until the weekly resistance. Currently, the price is consolidating below a minor resistance inside a bull flag and is attempting to break above. According to Plancton's strategy, if the price will break above, we can set a nice long...
AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we’re very bullish on AJ and we still aren’t seeing any significant signs of bearishness. Ideally, we’re looking for an entry on a break of this bullish flag and higher low above our 38.2% fib level. Look to target higher toward 85.000. Trade scenario 2:...
➡ AUDJPY has been climbing in a ascending channel and price reversed from the top of a daily ascending channel ✅ Will looking for a breakout of the ascending trendline and bearish confirmation on a lower timeframe
One of our last trades that we entered here at forexinsightsuk early hours yesterday was the AUDJPY. This trade took off just how we wanted it too but never finished the way we'd liked. We manually closed out of this trade 50 Pips in profit as we were encountering a pull back which indicated to us a slow down of bullish momentum. We didn't want to risk loosing any...
AUDJPY after the recent highs retraced until the 0.618 Fibonacci level. The market from there started a new impulse until the weekly resistance and currently is attempting to break above. According to Plancton's strategy, if the price will break above, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
Welcome to our weekly trade setup ( AUDJPY )! - 1 HOUR Bearish pullback in a bullish market structure.. 4 HOUR Pullback formed and price retraced. DAILY Expecting more upside pressure now! - FOREX SWING BUY AUDJPY ENTRY LEVEL @ 83.150 SL @ 82.140 TP @ 84.610 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a...
Looking to go short on AUD/JPY after the breakout of the monthly ascending wedge, from which retest might occur, and then place your short position. ** You are not obliged in any way to follow this idea/analysis. This is just my interpretation based on my indicators. Follow me for more ideas/forecasts.
AUDJPY broke the minor ascending trendline and now we can short for the short term. Once price breaks the correction, put SL above the correction and actively monitor it on the way down adjusting TP to BE and profit. See links below for more chart mark ups.
AUDJPY broke the minor ascending trendline and now we can short for the short term. Once price breaks the correction, put SL above the correction and actively monitor it on the way down adjusting TP to BE and profit. See links below for more chart mark ups.
See Signposts for key price action details.
AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Price action is still overall very bullish and could be due for a reversal at key support. Ideally, we want to see price action reversal at the current level (82.000) and show strong bullish setups we can then enter on. Look to target higher toward key resistance...
Good morning traders, today we bring you a long-term analysis of the AUD/JPY pair, since it is in a critical zone. 🔸Speaking a bit of context, we see that this year the price broke up the Bearish Channel, which is a strong bullish signal. 🔸After that break, there was no interesting Supply Zone, so it had a clear path to the current price level. 🔸The area that...
AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our...
AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (84.47). 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 above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (84.47). 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 above the 21-Day WEMA which acts as a dynamic...
Just an idea, markets been very bullish lately. Trade at your own risk~