AUD/JPY is currently retesting 0.5 Fib, which is acting as a strong Resistance zone. If we broke the uptrend, we would be looking for some nice short trade by market.
Currently, AUD/JPY is trading at 74.45. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in an up trend and after touching the resistance level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 74.53, then it may start a new up trend and its target price will...
Currently, AUD/JPY is trading at 74.36. The pair is consolidating in the ascending triangle resistance and support wedges. Previously, the pair was trading in a down trend and after touching the support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 74.20, then it may start a new up trend and its...
If price closes below blue line we take a sell.
AUDJPY has broken bearish counter trendline and formed a double bottom pattern. It has retested the neckline and is now forming a potential H1 Bullish engulfing. If H1 closes above this previous candle's upper wick, I will look for the buy
This pair is looking really good for a short set up, if you look on the weekly time frame you'll see that there was a strong bearish retracement candle. Will be looking for a flag structure on this pair for the downside or the possible retest of resistance if it gets there correctively for the downside move. Will definitely be monitoring this closely this week...
AUDJPY set SELL Limit @74.70 SL 75.70 TP 72.30
My Projections for AUDJPY
1. Price to form a Daily bearish variation and pullback from current area 2. Price to find support at a previously broken Resistance or Previous support that lines up with 61.8 fib & near Monthly key level 3. Price to form a Daily Bullish Variation What I'm looking for on H1/M30 TF: 1. Price to break uptrend structure 2. Bearish structure until Price reaches...
AUDJPY has reached the critical zone of resistance around 76 - 76.50 and has developed the bearish divergence. It gives us the short term opportunity to sell once the support from the most recent up trendline and horizontal level around 75.95 is broken. We can set the sell target around 74.50 which is the next support. The invalidation of this sell trade would...
After we get the next completed H4 bar, we'll know if it has a chance to continue down, follow thru of strength.
Our forecast for the next week on AUDJPY ------ Trading Kitchen
This one is looking like a strong break up, tighter stop on the 15 minute.
Still Bearish on AUDJPY. Fakeout Spotted at TF 4H. Currently Price is hovering at 4H Bear Engulf Candle. Expecting price to Spike around 71.700-72.000 area before continue to drop.
Let's get in here for a target of 1:1 and see if any future price action leads to more confirmation price will continue up.
We are entering with a sell stop at 68.386 and looking for at least a 40 pip move down. This move has better structure for a push down compared to a similar setup on the AUDCAD.