Although not so steep, the trend medium-term for audjpy is bearish...
This week the pair made a succession of reversal candles and I believe that a new leg down will follow
My target is 78
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
I'm looking to enter for a sell on a bearish push from level 79.500 towards Major Level 78.000.
Price is expected to fill in the imbalance created previously (Highlighted Yellow)
I would wait for the JPY banks to open tomorrow before entering as it is a bank holiday today.
Happy Trading!
I see that the downtrend is broken, also the head and shoulders shape is formed and the current price is on a support level, so I entered buy trade from the current price
TP1 : 80.607
TP2 : 81.390
TP3 : 82.023
SL : 79.406
AUDJPY has retraced 50% successfully during its correction phase and is ready for the next push phase, a move up!
Buys around 80.00 is my strategy with targets at 84.00 at least.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hi everyone,
According to the analysis, AUDJPY is in a correction phase and will likely visit 80.50 before continuation to 84.00.
SELL idea towards 80.50 .
Therefore, bearish bias in the beginning of the week, but once you see price rejecting 80.50 area, it's time to BUY!!
I'll post what it should look like once price rejects 80.50 area and resume the trend...
#AUDJPY, 3% short increased in australian dollar by professionals. jpy one year bearish extreme positions. 80.95-81.30 supply zone for shot. target 78.40 and 77.70
We consider buying this AUDJPY pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
@audjpy @audjpylong @audjpyanalysis @audjpyforecast
Possible set up this week on AUDJPY
Price currently testing our H4 support.
Could see some bullish movement towards end of the week, if price respects our current levels.
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We are expecting AUDJPY further sell pressure from the current market price. The new Covid variant is spreading its massive infection once again, and Australia reported they are facing a mass number of affected people and break the record 2020.
After a fake breakout under bullish flag, AUDJPY again covered all the last week bearish candle and retouch the flag under line.
SO, based on my view, its time to long AUDUSD with stop loss 79.80.
Welcome back Traders, Investors, and Community!
Hi Traders, AUDJPY on H1 has broken below a major Resistance , retested and got rejected by a large red candle which indicates it might go lower.
⬇️Sell now or Sell at 83.330
⭕️SL @ 83.43
✅TP1 @ 83.030
✅TP2 @ 82.670
✅TP3 @ 82.500
We will have more FREE forecasts in...
AUD JPY broke the structure and market is going to retest
look for bearish confirmation on lower time frame and enter short with your own money management and risk to reward
always remember discipline with patience is the key to be a successful trader in financial world
