AUDJPY 4hour Analysis September 6th, 2020AUDJPY Long idea
This pair is now bullish on all significant timeframes and we recently saw a daily trend change when 76.500 was confirmed broken.
Current price action is now in a retracement and is near the 61.8% fib level. We will look for bullish transitions and bullish setups anywhere between the 61.8% fib level and key support at 76.500. Look to target higher toward key resistance and negative fib levels.
For us to consider short opportunities we need to see a confirmed break and retest of 76.500.
Aud-jpy
Two great trading opportunities on this chart for AUDJPY Mid-Term Forecast:
Trading suggestion:
In the daily chart, if the price reaches the support line 76.80 then rejects from it, there is a Buy trading opportunity.
and also, if the price passes the support line and is able to break the uptrend, there is a Sell trading opportunity.
Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
For take profit in the daily chart, traders can use the specified resistance lines for the buy status, and the specified support lines for the sell status.
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Intraday Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (76.9416).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 78.47
TP2= @ 79.70
TP3= @ 78.45
TP4= @ 78.95
TP5= @ 79.67
SL= Break below 76.71
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AUDJPY looking for a retracement 🦐AUDJPY on the daily chart has been moving inside an uptrending channel.
Recently the market broke the weekly resistance and went up till the daily trendline.
Price got perfectly rejected and now is lookg for a retracement.
ON the 4h timeframe we can expect the price to reach the minor structure at the 0.382 fib level and probably go for a test of the weekly support.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
AUDJPY Intraday: AU data + ST chart means sell ralliesHi
Australian data (weak GDP, RBA below hawkish expectations and Retail sales overnight) plus short term chart are against the bulls.
If we add negative sentiment during the New York session (still 2 hours and anything can happen there), we do have good ground for short positions;
Selling rallies towards 77.55 / 75
Stop above 77.95
Target 76.15
Good luck
AUDJPY testing 1st resistance , further drop expected ! Price is facing bearish pressure from our 1st resistance where the horizontal swing high lines up with the 61.8% fib extension. We could see a further drop towards 1st support at 77.10 at the horizontal swing low. MACD is also indicating more bearishness to come.
AUDJPY 4hour Analysis August 30th, 2020AUDJPY Long idea
Overall we are very bullish on AUDJPY and we are going to continue looking for long opportunities.
Where current price action is we can not make a high probability trade. Ideally we want to see structure form, look for a retracement to either the 38.2% or 61.8% fib level with a confirmed higher low.
Look to enter on strong bullish setups confirming a continuation to the upside. Target toward the prior high and key fib levels.
AUDJPY- EW BREAKDOWNSo price broke out of the triangle finally and is now in 5th and final bull wave, of course we could always seen an extended wave but I'll cross bridge if it happens. Once price reaches 79.9XX area that is where we could see a major reversal, for one that area would be 1.618 of Wave 4 and also it is the .618 Fib Level of the September 2017 Swing High, so it should be major resistance. If you are not longing this pair there may still be a chance to get in if there is a nice retracement but otherwise hold up and prepare to short the ABC pattern. Check out chart and my other ideas to. Good luck!
AUDJPY breaking a weekly resistance 🦐AYDJPY after the retracement on the weekly structure around 73.200 area started a new bullish move.
Market hit the previous recent high around 76.600 and got rejected twice starting a range between the daily support and the weekly resistance.
Currently the market seem to push the price for a break and is the candle will close above we can look for a nice long order according with Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
AUDJPY testing the upside confirmation, potential for a bounce !
AUDJPY is testing the upside confirmation, we might see a further bounce if price closes above the level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
AUDJPY approaching 1st resistance, potential for a drop!AUDJPY is approaching 1st resistance where the horizontal swing high is and it could potentially drop to the 1st support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY Price has started testing R2 in our bearish zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
AUDJPY approaching resistance, potential drop expected!AUDJPY reversed off its resistance at 76.28 where the horizontal swing high is where it could potentially drop further to 1st support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.