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AUDJPY trade ideas

Lingrid | AUDJPY trend CONTINUATION tradeThe price perfectly fulfilled my last idea. It hit the target zone. The market is showing a bullish trend continuation pattern, specifically a flag pattern, which is characterized by an upward movement followed by a consolidation phase. FX:AUDJPY is currently trading in the consolidation zone, having broken above the key level of 104.00. As the price approaches the previous resistance zone, it's likely that this level will be unable to hold the upward momentum, given the prevailing bullish trend. The doji candle observed on Tuesday appears to be a brief pause before the next leg up. I expect a minor pullback to support the level before the price extends its upward movement, targeting higher resistance levels. My goal is the resistance at 105.200 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
AUDJPY: The Bullish Trend Is IntactAUDJPY: The Bullish Trend Is Intact The price broke out from a bullish pattern yesterday morning and as we can see it keeps rising. AUDJPY was accumulating for a couple of days before this new impulsive way. It is moving slowly because of the fear of BOJ intervention is still high however it is not taking a pause yet. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
3
Incoming Fall on AUDJPY?AUD clearly wants to create a new high possibly tonight passing the previous high at 104.967. On RSI+ Bollinger Bands it's also showing me that price should be coming down on the 4 hr & Daily time frame. I'm Specifically looking for 3 confirmations: that high to be taken out on the 4 hr time frame because the is liquidity that institutions want, a second liquidity sweep on the 15 min time frame followed by good volume pushing price down with a fair value gap within 3 candles. By looking on the 4 hr time frame there are double bottoms that I would target but I would definitely secure this trade going for a 1:2 rr at the price of 104.350. This is at trade to be patient with. If this setup is not presented to me within this asian session I will not take it
Short
by ProfitPanther
1
AUDJPY Technical Analysis and Trade IdeaUpon analyzing AUDJPY, a robust bullish trend emerges, particularly when examining the daily and 4-hour charts. Notably, we’ve identified bullish price action—a clear breach in market structure on the 1D and 4H timeframes. However, it’s essential to acknowledge that this breakout might lead to a short-term bearish correction before the overall bullish trend resumes. Trade Idea: Given the prevailing bullish bias, we seek buying opportunities near key support levels. A pullback toward the 61.8% Fibonacci retracement level could present an attractive entry point. Remember that this analysis is for educational purposes only. Always conduct thorough due diligence and adhere to risk management principles when implementing any trade ideas. 📈💡
Long
by fxtraderanthony
AUDJPY Bullish Advantage > BUY!For Traders and Investors worldwide, greetings! Here is how I’ve been actively monitoring the price of AUDJPY for the past few weeks. Now, I would like to share with you how I potentially intend to predict its future price targets and levels with proper risk management for this new trading week. This is a result of relentless testing and preparation, focusing on key details that should work profitably when implemented correctly. If you agree with this approach, please hit the boost and follow. I really appreciate your support 💚 (Read slow if you will 👇🏿) - In the beginning, this process of developing, identifying, figuring out, comparing, learning and timely executing this high probability Buy Opportunity was initiated by this Bullish Candle that presented itself at the 13th hour 45 minute mark on Friday, possessing these four specific principles below, that I believe has the potential capacity within itself to effectively influence the price of AUDJPY to rise 100 pips above the top bullish candle at $105.096, while being able to prevent the price of AUDJPY from hitting a 23.5 pip price level point below the top bullish candle at $103.859 in the first 1 day 3 hours of its testing. - This is and will be the first Bullish Candle of this week, after the fulfillment and outcome a Bearish Candle from within the same week. (These are the four specific principles present) - 4.26.2024 1st Principle > This Bullish Candle with the (Blue Ema) are both above the (Red Ma) 2nd Principle > This Bullish Candle has and will remain to have a flat bottom, no wick 3rd Principle > This entire Bullish Candle is fully above the Ichimoku Cloud 4th and final Principle > The previous wick of this Bullish Candle is 29 pips away from the top bullish candle, which is greater than the last bullish previous wick (17) by 12 = automatically making it a greater previous wick, knowing that the greater the previous wick = the more effective, profitable and powerful I would expect this Bullish Candle to be within its capacity to influence the price to rise. (Greater Chart View + Work🎑) (My Live Buy Position off this Bullish Candle revealed) - 5.24.2024 MY ENTRY PRICE was $103.869 / the current price is now at $103.995 (126 point increase so far) The price of my stop loss is set at 103.673 (19 pips below this EP) The price of my take profit #1 is set at $104.898 (103.5 pips above this EP) The price of my take profit #2 is set at $105.096 (123.3 pips above this EP) - my personal risk management rules are in place within this Buy Position / always assess proper risk management to your strategy! (Bk) Buomkuoth Nhial Reath / Glory be to God our Father now and forevermore! Amen.
Long
by BuomkuothNhialReath
3
AUDJPY to hold back the bulls at market price?AUDJPY -24h expiry Broken out of the wedge to the downside. Price action looks to be forming a top. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 104.00 will confirm the bearish momentum. We look to Sell at 104.30 (stop at 104.70 Our profit targets will be 103.30 and 103.05 Resistance: 104.25 / 104.50 / 104.75 Support: 104.00 / 103.25 / 103.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Consistent Daily Trading Strategy for AUD/JPY with 100% Win RateDescription: In this strategy, I employ a consistent daily trading approach for AUD/JPY, focusing on capturing small profit targets while maintaining strict risk management. The strategy has been backtested from the year 2021, demonstrating robust performance with a 100% win rate. Below are the key aspects and performance metrics of the strategy. Strategy Overview: The strategy is designed to open a new long or short position at the start of each trading day based on the previous day's market conditions. Key parameters include: Profit Target: 0.3% Loss Target: 0.2% Initial Capital: $1000 Commission: 0.1% per trade Key Features: Daily Trading: Positions are opened at the start of each day, ensuring regular market participation. Profit and Loss Targets: The strategy aims for a modest profit target of 0.3% and enforces a stop-loss at 0.2% to manage risk effectively. 100% Win Rate: Over 36 closed trades, the strategy achieved a 100% win rate, highlighting its consistent performance. Dynamic Position Management: In case of a short position stop-loss, a new long position is immediately opened to replace it, ensuring continuous market exposure. Performance Summary: Net Profit: $222.05 (22.2%) Gross Profit: $223.26 (22.33%) Gross Loss: $1.22 (0.12%) Max Run-up: $236.99 (19.17%) Max Drawdown: $161.35 (13.75%) Buy & Hold Return: $316.51 (31.65%) Sharpe Ratio: 0.266 Sortino Ratio: 2.298 Profit Factor: 183.136 Total Closed Trades: 36 Number Winning Trades: 36 Percent Profitable: 100% Avg Trade: $6.17 (0.57%) Largest Winning Trade: $21.12 (1.96%) Commission Paid: $80.15 Chart Explanation: The chart plots the entry prices for both long and short positions, along with labels indicating the profit/loss percentages for ongoing trades. The strategy's performance is visually represented, showing the consistency and reliability of the trading approach. Green Lines: Entry prices for long positions. Red Lines: Entry prices for short positions. White Labels: Display current profit/loss percentage for ongoing trades. Conclusion: This AUD/JPY trading strategy offers a balanced approach to daily trading with a strong emphasis on risk management and consistent profitability. It is suitable for traders looking for a systematic and disciplined trading methodology. Give this strategy a try and share your feedback! Let's discuss its potential improvements and share insights on its performance.
by alexanderbkl
1
Consistent Daily Trading Strategy for NZD/USD with 100% Win RateDescription: In this strategy, I employ a consistent daily trading approach for NZD/USD, focusing on capturing small profit targets while maintaining strict risk management. The strategy has been backtested from the year 2021, demonstrating robust performance with a 100% win rate. Below are the key aspects and performance metrics of the strategy. Strategy Overview: The strategy is designed to open a new long or short position at the start of each trading day based on the previous day's market conditions. Key parameters include: Profit Target: 0.3% Loss Target: 0.2% Initial Capital: $1000 Commission: 0.1% per trade Key Features: Daily Trading: Positions are opened at the start of each day, ensuring regular market participation. Profit and Loss Targets: The strategy aims for a modest profit target of 0.3% and enforces a stop-loss at 0.2% to manage risk effectively. 100% Win Rate: Over 36 closed trades, the strategy achieved a 100% win rate, highlighting its consistent performance. Dynamic Position Management: In case of a short position stop-loss, a new long position is immediately opened to replace it, ensuring continuous market exposure. Performance Summary: Net Profit: $222.05 (22.2%) Gross Profit: $223.26 (22.33%) Gross Loss: $1.22 (0.12%) Max Run-up: $236.99 (19.17%) Max Drawdown: $161.35 (13.75%) Buy & Hold Return: $316.51 (31.65%) Sharpe Ratio: 0.266 Sortino Ratio: 2.298 Profit Factor: 183.136 Total Closed Trades: 36 Number Winning Trades: 36 Percent Profitable: 100% Avg Trade: $6.17 (0.57%) Largest Winning Trade: $21.12 (1.96%) Commission Paid: $80.15 Chart Explanation: The chart plots the entry prices for both long and short positions, along with labels indicating the profit/loss percentages for ongoing trades. The strategy's performance is visually represented, showing the consistency and reliability of the trading approach. Green Lines: Entry prices for long positions. Red Lines: Entry prices for short positions. White Labels: Display current profit/loss percentage for ongoing trades. Conclusion: This NZD/USD trading strategy offers a balanced approach to daily trading with a strong emphasis on risk management and consistent profitability. It is suitable for traders looking for a systematic and disciplined trading methodology. Give this strategy a try and share your feedback! Let's discuss its potential improvements and share insights on its performance.
by alexanderbkl
AUDJPY Will Go Lower! Short! Here is our detailed technical review for AUDJPY. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 104.039. Taking into consideration the structure & trend analysis, I believe that the market will reach 103.300 level soon. 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!
Short
by SignalProvider
1
AUD/JPY Set for Dramatic Reversal.The AUD/JPY pair has reached a critical juncture, touching the upper boundary of a well-defined ascending channel. This marks a pivotal moment for traders, as the pair's price action suggests a potential reversal, supported by multiple technical indicators. 50-day EMA: Bullish, indicating medium-term upward momentum. 200-day EMA: Bullish, confirming a long-term upward trend. Hull Moving Average (9): Shows a sell signal, suggesting short-term bearish pressure. Relative Strength Index (RSI 14): At 67.049, approaching overbought territory but not yet overextended. This suggests a potential for further upward movement but warrants caution. Stochastic Oscillator: At 84.005, indicating overbought conditions, which could precede a price correction. MACD Level (12, 26): Shows a buy signal with the MACD line above the signal line, but a bearish cross may form soon, hinting at potential downward pressure. Volume and Price Action: Increased trading volume has accompanied the recent price surge, typically a bullish sign. However, the volume spikes near resistance levels could indicate distribution before a potential sell-off. The price has formed a series of higher highs and higher lows within the ascending channel, reinforcing the bullish trend. The price is above the Ichimoku cloud, which is a strong bullish signal. However, it’s approaching the cloud’s edge, indicating a possible reversal if it re-enters the cloud. Bearish Signals: The channel top coincides with a bearish divergence on the RSI and MACD, suggesting weakening bullish momentum. The MACD is on the verge of a bearish crossover, which, if confirmed, could accelerate a downward move. Strong support levels at the 50-day and 200-day EMAs provide a safety net for bulls. The overall long-term trend remains upward, as confirmed by the 200-day EMA and the ascending channel. Short Position: Given the confluence of bearish signals at the channel top, a short position could be initiated: Entry Point: 104.00 Initial Target: 102.65 (Channel midline) Extended Target: 101.00 (Channel bottom and major support level) Stop Loss: 104.70 (Above recent highs and outside the upper channel boundary) Long Position: If the price action shows resilience and breaks above the channel decisively, consider a long position: Entry Point: Above 104.50 (Confirmation of breakout) Initial Target: 105.40 (Next resistance level) Extended Target: 106.50 (Fibonacci extension and psychological level) Stop Loss: 103.70 (Below recent support and inside the channel) Short Now: If the price fails to break above 104.20 in the next trading sessions, confirming the resistance at the channel top. Long Later: If the price sustains above 104.50 with strong volume and bullish confirmation from oscillators turning up from oversold conditions. AUD/JPY is at a critical point where a short-term correction is likely before any significant bullish continuation. Traders should watch for confirmation of the bearish signals before shorting and be prepared to switch to a long position if a breakout occurs. Risk management with appropriate stop losses is essential given the current volatility and mixed signals.
Short
by AxiomEx
AUDJPY Channel Up topped. Sell signal.The AUDJPY pair reached the top of its long-term Channel Up, while at the same time the 1D MACD is about to complete a Bearish Cross today. This is a strong sell signal combination and the minimum decline that the pair has within this Channel Up on a pull-back, has been -1.84%. As a result our short-term Target is 102.650. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Heading into 50% Fibonacci resistance?AUD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 103.95 1st Support: 103.49 1st Resistance: 104.47 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets