AudJpy ready for short!Hello Traders, here is the full analysis for the pair AudJpy , let me know in the comment section below if you have any questions.
The ellipse could represent a possible zone with good risk/reward to accumulate short position.
Please note that all the information and publications here are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
What you will find here, are only views of a Cat passionate about Finance.
Aud-jpy
AUD/JPY | Long Assumption | Rate Hike News Expecting a strong upside rally on the AUD/JPY off the back of strong rate hike news expected out of Australia in the coming half hour, we could see strong volume enter the market pushing price towards indicated profit target at TP - 1, will continue to monitor this as it plays out.
AUDJPY 4hour Analysis June 5th, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: All timeframes are back to bullish as we saw a massive rally last week all the way up to 95.000 resistance.
From here we’re expecting some sort of reaction but we are far from any trade scenarios.
For us to consider long scenarios further on AJ we need to see structure first. Look for a retrace and higher low formation above 92.850 support.
Ideally we can retrace, spot some consolidation and catch a clear continuation from price action.
Trade scenario 2: For us to consider AJ for shorts we need to see a strong bearish trend present itself.
We will entertain short scenarios once we break below 92.850 and spot some structure in the form of a lower high below. Look to target lower toward key support levels.
AUD/JPY SHORTShorting opportunity for AUD/JPY/ Having hit a strong Monthly Resistance level, there can be an idea of a perfect shorting opportunity. After the news of the Home Loans MoM. being forecasted at -1% and actually being -7.3%, has seen a large push to the upside for all pairs against the AUD pair. This price is tremendously high and the if the the Monthly S/R, can hold its strong resistance, should lead to massive profits from shorting. Have seen a market move in consolidation on the 15minute chart, look for a strong touch of the Monthly S/R or Cross of the MA and VWAP.
Happy Trading.
AUDJPY forming a bullish patternThis is an update of the AUDJPY pair on my previous sell signal upon the 1D RSI Resistance rejection, as illustrated below:
With the price now recovered from the sub 88.000 level, the pair is waving a buy signal as it broke above both the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement level. Since it started trading on this long-term Fibonacci Channel back in 2020, this break-out combination has only happened twice (see the circles) and on both cases after a short-term pull-back, the price rallied strongly. For example see late June 2021, where the price failed to break above the 1D MA50 and 0.618 Fib.
Consider also the important of the 1D RSI Symmetrical Zone. The RSI is now exactly on the same level (flag symbol) that it was during those two break-outs I mentioned (mid November 2020 and early January 2022). This further suggests that we may be replicating currently that exact same bullish pattern.
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AUDJPY 4hour Analysis May 30th, 2022AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: AJ is looking newly bullish as we broke back above 91.000 resistance. From here we’re looking for new structure in the form of a higher low close to 91.000.
Look to target higher toward 92.850
Trade scenario 2: For us to consider AJ bearish we need to break below 91.000 and form a lower high, new structure.
Target lower toward relevant support levels
AUD/JPY: H1 Ausbruchs/TrendtradeAUD/JPY: H1 Ausbruchs/Trendtrade
- inner downward trend breakout
- first HH outside of structure
- High Volume POC below current price level
- inner upward trend established: HLs und HHs
Upward momentum intact. Targetting the outer downwad channel trendlinie
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AUDJPY 4hour Analysis May 22nd, 2022AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still pretty bearish on AJ. Currently we are looking for strong rejection from resistance and conviction to enter short on.
Look to target lower toward 88.000 support.
Trade scenario 2: For us to consider AJ bullish we need to see structure in the form of a higher low above 91.000.
AUDJPY: A Broken Bearish Flag Confirms Further Downtrend -INTRODUCTION-
After reaching a new low at the 87.50 level last week, AUDJPY retraced and retested the 91.10 resistance level. The price tested 91.10 level twice before dropping down to break the bearish flag channel. As we forecasted in our previous AUDJPY analysis, we expected a bearish trend continuation after a retracement and that price could retest the previous low at 87.50 level.
-TRADING PLAN-
In the chart, we can see a clear bearish impulse breaking the bearish flag channel. This is a good sign, indicating the bear has gained control. Our plan is to enter sell positions after a retest of the broken neckline area.
Sell limit: 90.300
1st target: 87.57
2nd target: Will let it run
SL: 92.00
1:1.5 risk to reward ratio
1% risk
If the price failed to retrace and reach our sell limit order, then no trade will be taken.
We will come back with more good setups :)
Check out our recent trading ideas below :)
AUDJPY: A Bearish Flag Pattern Provides a Great Sell OpportunityAUDJPY has been moving in a short-term downtrend. Recently, it has arrived at a new low at the 87.50 level. From 87.50, the price formed a bearish flag channel, aiming to retest the previous support area of 91.50 ~92.00. From that price level, we will observe whether the price would consolidate and then fall to break the uptrend line. After a breakout, we will prepare our sell entries at the trendline to capture the retest.
AUDJPY 4hour Analysis May 15th, 2022AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking very bearish here on AJ as we saw a daily head & shoulders pattern execute last week.
Going into this week we’re looking for lower highs and rejection from key levels of resistance like 91.000
Trade scenario 2: For us to now consider AJ bullish we need to see a break of resistance around 91.000 with a higher low above.
AUDJPY back to to the 90s? 🦐AUDJPY on the 4h chart is trading above a 4h support.
The price after the bullish impulse never provided us a retracement and tested after the recent high the 0.618 Fibonacci level.
How can i approach this scenario?
I will wait for the London market open and check for a possible break below the support area.
In that case i will look for the application of Plancton's strategy and set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY REVERSALOur XXXJPY pairs have found the top short term, pairs are all setting up reversal patterns and I am looking for sell entries on the break of the necklines. Target is where we saw slight pullback and more buys from previously. It does look like the YEN has found some form of small support until something else happens
AUDJPY 4hour Analysis May 8th, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: On higher timeframes we can see AJ has been mainly bullish. Only until we hit 95.000 resistance did we see any sort of reaction.
After 95.000 resistance was met we saw a 4hour transition which developed into 4hour ranging/consolidation. Essentially, we have no present trend to trade.
In order to continue bullish we need to see a bullish break of the range in the form of a higher low above 92.850
Trade scenario 2: It is most likely that for this week we will see the ranging continue and price action will head toward 91.000 support.