WEEKLY:
- On our weekly timeframe we can see that the AUDJPY market structure is bullish. We are still between the indicated higher low and higher high.
- We can see that price has broken through strong resistance. Here we now expect to see a weekly wick pullback on then possible bullish momentum.
- We can also see that we have responded nicely to our...
3 reasons to wait for a buy opportunity:
1. direction is bullish
2. break and retest, price broke structure, is now correcting
3. Trendline aligning with 61.8 fib retracement level, going for a 3rd touch on the trendline.
if the price does not provide a bullish entry confirmation but instead breaks below, then this is Friday fake-out!!! that's why we wait for a...
I'll be watching price around the 50% level (97.996) of Friday Daily candle for a long opportunity to continue up to 98.385
Long Opportunity
Entry: 97.996
SL: 97.846 (15 PIPS)
TP : 98.385 (38.9 PIPS)
Hello traders i hope every one having a great profitable Friday...
AUDJPY complete its weekly buy trend correction wave now its time for impulse wave
on daily we can see trend continuation trend line break & retest and also trend line respect at lower low ...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
Note that these analyzes are only for recording personal accounts and journals that will be reviewed in the future.
Please do not enter into any trade just by viewing the analysis, thank you.
AUDJPY - Intraday
There is no clear indication that the upward move is coming to an end.
Trend line support is located at 97.70.
Risk/Reward would be poor to call a buy from current levels.
A move through 98.00 will confirm the bullish momentum.
The measured move target is 98.50.
We look to Buy at 97.70 (stop at 97.45)
Our profit targets will be 98.35 and...
AUD Basket - building a bearish Gartley formation. The medium-term bias is to sell into the completion of the pattern close to 11.52.
JPY Basket - building a bullish Crab formation. Scope for further losses but dips to be bought close to 6418.
Correlation studies suggest selling into gains for AUD/JPY.
AUDJPY - the intraday chart highlights the cross moving...
A possible Leading Diagonal currently developing.
Wave 5 is yet to complete.
Price could either react from the Trendline Resistance or we could see a possible Throw-over should the Harmonic pattern (Butterfly formation) play out.
A short term buy to complete the pattern and a long term sell for the ABC Correction
The price perfectly fulfills my last idea. It hit the target zone. The market went up and closed above the resistance zone. Currently, FX:AUDJPY is pulling back to support after breaking the level. The price broke and fixed above the key level at 98.000. On the daily timeframe, the trend is bullish. I expect a pullback to support the level and then a bullish...
There is a clear supply price where sellers are waiting to short the market. Also there's a chart pattern which also signals a reversing market. Make use of candle stick patterns for entry.
*COMMENT what you think
*LIKE if you understand the analysis
In this Chart, it shows a series of HH & HL with a Bullish trend pattern.
Taking a Small SHORT Entry and then SHORT TP becomes our LONG entry.
Happy Trading.
Always there
📉📊 AUDJPY Price Forecast Analysis 🌐💹
OANDA:AUDJPY
Traders, let's delve into the AUDJPY chart for a comprehensive forecast:
1️⃣ Double Top Reversal Pattern: 📈 After experiencing an uptrend, AUDJPY has formed a Double Top pattern, indicating a potential reversal in the trend.
2️⃣ Consolidation and Strong Resistance: 🔄 Following the Double Top formation,...
❤️Forex Besties❤️
INFORMATION
The strong short-term decline in AUD/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 97.47 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 97.04 JPY. The bearish...
