HIGH PROBABILITY SETUP ON AUDJPYAs we can see price has formed descending channel on AUDJPY with the confluence of well respected trendline along with Strong AOI and also gave the breakout. we can plan long trade after some sort of bullish confirmation. TP1 - 99 TP2 - 99.5 TP3 - 100Longby IMEVIL1
AUDJPY In AUD/JPY's daily timeframe, a bearish trend appears evident, characterized by a bearish reversal rising wedge pattern formation. Additionally, the completion of Elliott's 5th wave suggests a potential downward movement, typically followed by an ABC correction pattern. This confluence of technical indicators signals a probable continuation of the bearish momentum, with traders likely to monitor for further downside movement in the pair.Shortby forex_info3
BREAKDOWN: from 2022 lowsthe pair witnessed a technical breakdown on charts from lows made in 2022 resistances are as marked on chart and for any reliable upmove, it need to sustain above those resistance zones support : well thats a tough question to answer as in a falling stuff . support are a joke ! by pratik23582
AUDJPY Will Go Up! Buy! Here is our detailed technical review for AUDJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 98.650. Considering the today's price action, probabilities will be high to see a movement to 99.060. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider114
AUDJPY bearish idea on 1HPair is having 92% sentiments on short side + Double Top is formed on weekly resistance zone + Divergence is formed exactly on double top + trendline is already brokenShortby hamidmuner1
AUD/JPY ShortAUD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.Short16:14by StewySongs7
AUD-JPY Will Keep Growing! Buy! Hello,Traders! AUD-JPY is now trading Firmly above the horizontal Key level of 98.54 which is A support now and as the pair Is in the strong uptrend We will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals226
AUDJPYAUDJPY on a Monthly timeframe and on a 3 Months timeframe the price has took out Previous Monthly high and it is now back within the range same thing happens to 3 Months timeframeShortby BigBenCapitals2
AUDJPYThe price reaches the final target The upward movement will continue during the monthly period I am looking to buy in all long-term retracements 89.000 BEST OF POINTLongby A_NIKNAM332
AUD/JPY Soars to Yearly High: Strong Bullish SentimentHello Everyone, AUD/JPY has reached its highest point in the past year, hitting 99.055. Our outlook is decidedly bullish. Key resistance levels to watch for the year are at 99.499 and 102.944. Monitoring how the price behaves around the daily pivot point will provide valuable insights into its next moves. TradeWithTheTrend3344 Longby TradeWithTheTrend33442
✅AUD_JPY GROWTH AHEAD|LONG🚀 ✅AUD_JPY is trading in an Uptrend and the pair is Making a local bearish Correction but will soon Retest the horizontal Support level of 98.518 From where I think we Will see a bullish rebound And a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx1
AUDJPY Berish DivergenceNote: 1- Berish Divergence 2-Sell Sentiment 91% Trade: SL= 99.075 EP= 98.475 TP1= 97.868 TP2= 97.299Shortby asadullahbappi0
AUD/JPY BEST PLACE TO SELL FROM|SHORT Hello,Friends! We are going short on the AUD/JPY with the target of 98.464 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅ Shortby EliteTradingSignalsUpdated 117
AUDJPY - BearishAUDJPY is forming bearish divergence. it may reverse it current bullish trend to bearish trend.Shortby joyfull20221
AUDJPY Likely to rise to resistance level 100.00#WaveAnalysis #AUDJPY broke long-term resistance level 98.40 Likely to rise to resistance level 100.00 AUDJPY currency pair recently broke the major long-term resistance level 98.40 (previous yearly high from 2022 and 2023). The breakout of the resistance level 98.40 should accelerate both of the active impulse waves 3 and (3). Given the multiyear uptrend and the continuation of the strong yen sales, AUDJPY currency pair can be expected to rise toward the next round resistance level 100.00.Longby Daniel_Thompson5
Daily AUD/JPY Updates 2/22/24Hello Traders! The yen crosses keep on pushing. Yen is trash.Long05:35by ForensicForex3
AUDJPY Long IdeaPossible Long opportunity . Price may fall a little more, now just under the 100 period(yellow MA) but still above my 500 period (MA) which tells me the market is still BULLISH Longby pipkingofmiami3
AUDJPYAUDJPY is in bullish trend. Sentiment shown that trend will be reversal here. Bearish divergence also form which backed the sentiment. Now sellers are active We sell at CMP.Shortby Naqash91113
Potential Correction in AUDJPY Following Rally Towards High SuppAUDJPY has shown strong performance since early February 2024, experiencing a significant rally from the level of 95.640 to reaching today's high at 99.024. However, this movement has brought the currency pair into the territory of the highest supply level. With this condition, there is potential for AUDJPY to undergo a temporary correction. Technical Analysis: On the daily chart, it can be observed that AUDJPY has reached a significant resistance level around 99.024, which is the current highest supply level. The RSI (Relative Strength Index) indicates overbought conditions, suggesting that this currency pair may have moved too far beyond its short-term fair value. There is potential for the formation of a bearish reversal pattern such as a double top or shooting star around the current supply level, adding validity to the correction prediction. Projection: Taking into consideration the above factors, AUDJPY is likely to undergo a minor correction towards the level of 97.737 in the coming sessions. This could present an opportunity for traders to take short-term profits or to seek entry points for short positions with correction targets. However, it is important to monitor market developments closely and set appropriate stop losses to manage risk effectively.Shortby fardycurry3
AudjpyTrading is nuanced and requires as much art as science to execute successfully, which means that there is only a profit-making trade or a loss-making trade. 🔥🔥🔥🔥#Audjpy 🔥🔥🔥 Did take this trade Longby robertthamae1
Buy AUDJPY Megaphone PatternThe AUD/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined megaphone pattern. This pattern, characterized by expanding channel lines, can suggest both bullish and bearish continuations depending on the context. However, in this case, certain factors point towards a potential upside move. Buy Entry: Consider entering a long position around the current price of 98.28, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the megaphone, now acting as potential support zones: 98.73 and 98.94. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the megaphone, ideally around 97.95. This helps limit potential losses if the price reverses and breaks back downwards. Thank youLongby KABHI_FOREX_TRADINGUpdated 8829