AUDJPY - Long CallAUDJPY has formed double bottom divergence.
Entry is at the breakout of last lower high.
Stop loss is below lower low.
AUDJPY trade ideas
AUD/JPY: Is the Downtrend Losing Steam?Monthly Chart Overview
On the monthly chart, AUD/JPY is exhibiting significant downside extension, reaching a key rejection zone. This area has historically acted as a strong support or resistance, which could indicate potential for price exhaustion. However, patience is required, as the bearish trend remains intact for now.
Weekly Chart Perspective
Zooming into the weekly chart, the price appears even more overextended to the downside. The pair is approaching important zones of interest, suggesting the possibility of a retracement. This could present buying opportunities as the price potentially rebalances. However, the bearish momentum remains strong, making it crucial to wait for confirmation since the downward trend could persist.
4-Hour Chart Dynamics
On the 4-hour chart, the key lies in observing whether:
Price breaks aggressively to the upside, signaling the beginning of a potential retracement, or
Price continues its downward movement, confirming the prevailing bearish trend.
This timeframe is crucial for fine-tuning your entry and taking a directional stance. Any aggressive bullish momentum or clear bearish continuation will dictate the strategy.
Fundamental Insights (COT Report)
A notable signal suggesting the potential for a long setup is visible in the Commitment of Traders (COT) report:
The JPY positions are showing aggressive additions to long positions, with a simultaneous unwinding of short positions.
In contrast, the AUD remains stable, indicating less aggressive positioning on the AUD side of the pair.
This shift in sentiment toward the JPY could be an early indication of a potential reversal in AUD/JPY, as the market might be anticipating a weakening of the downtrend or a possible retracement.
Trading Approach
Bullish Plan: Wait for confirmation of a reversal (e.g., bullish engulfing candles, breaks of recent highs, or strong momentum). Enter on the retracement with targets at resistance levels identified on the weekly chart. The shift in JPY positioning strengthens the case for this setup.
Bearish Plan: If the price continues to break lower, consider shorting after a pullback to resistance, in line with the higher timeframe trend.
Key Takeaways
The combination of price reaching historical rejection zones and the COT report sentiment shift suggests potential for a reversal, but patience is critical for confirmation.
Monitor the 4-hour chart for key breakouts or confirmations in price direction.
Use defined zones on the monthly and weekly charts for targets and risk management.
AUDJPY The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for AUDJPY below:
The price is coiling around a solid key level - 96.617
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 97.989
Safe Stop Loss - 95.840
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
#018 DCA AUDJPY ShortI just closed the USDJPY Sell for a small overall profit but I opened the AUDJPY and sold it instead, now.
I decided to short the AUDJPY because I realised that some pairs have just broken out of the Minor Consolidation on the 15 Minutes Time Frame, and AUDJPY is one of it.
I am entering on a push wave, but if price pulls back and shows and overbought that is lower, I could also DCA at that point.
I have also drawn two horizontal lines where I think that price could retrace back to if the push wave isn't strong enough to push price all the way to TP.
Besides, the TP size is quite big as compared to my usual TP size of 20+ to 40+ pips I think. This AUDJPY TP size is 140.7 pips. But of course, if price isn't moving much I will close the positions as I deem fit.
2156SGT 02122024
AUDJPY is Holding After Channel BreakoutHello Traders
In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET
today AUDJPY analysis 👆
🟢This Chart includes_ (AUDJPY market update)
🟢What is The Next Opportunity on AUDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUD/JPY re-entry into an ascending patternHi, dear investors we are revisiting the AUD/JPY pair after the strong support level was broken and the pair went out of structure , making our previous entry as a fail, but as we can see written on the chart we have successfully touched the botom and we have entered and confiremd an ascending pattern -
Entry : 97.550
Target 1 : 98.100
Target 2 : 99.500
After we go back in the 99.00 area we will revisit the pair if we can in put our previous strategy and continue forward so we can follow up with the next high targets of 100,101 and finalize at 102 at the upper Resistance Level.
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
audjpy first tp hit next 2. tpI shared the audjpy process last week. 1. tp came from this point, after completing the retest, I will reactivate the process by placing the sl and tp points as shown in the graph.
PA #2 : audjpy sell 02/12/24 TRADE 1 : STOP LOSS (-0.78%)
1/ What I did right:
- Always looking for the activity, if there is any (only big boys can move the market)
- identification of aud and jpy news today but relatively no market reaction
- Identification of strong market reaction for buys from CPI news from JPY (29/11)
- Identification of market flow which is strong for JPY
- Identification of Power (previous session break and day break) which indicates that the big boys made the move: this is my job now.
- Right pair selection by choosing AUD which is weak.
2/ What i did wrong:
The direction was right, but timing was bad.
- This was mainly due to a big difference between the 3 min tf (for entry) and the 1h TF (for job identification).
This trade was in fact a 1H+15M trade instead of 15M+3M trade.
- Most important mistake: i didn't enter at the break of the money spot but before. I waited for the reaction like yesterday and the failure of the opposite part, but didn't trade at the break of the money spot.
3/ What i will change:
- We always enter at the break of the money spot, not before. (and the money spot has to be after the comeback of the buyers and the weakness of the sellers.
- Decide in advance the time frame we will choose, if it's a JOB that took place days before, higher time frame will be more suitable. And we won't get lost in the noise.
TRADE 2: TP (+0.85%)
1/ What I did right: Same as previous+
- waited for the weakness of the sellers
waited for the comeback
waited for the money spot
2/ What I did wrong:
- Decided to risk only 0.25% after the loss, maybe i could risk 1%( would've got +3%
3/ What i will change:
I will wait until the end of the week and check if we should keep safe or go harder based on performance.
TOTAL: -0.78%
OBJECTIF: +10%
AUDJPY💡The attached analysis shows the movement of the AUD/JPY currency pair on the daily time frame (D1), focusing on the concept of liquidity and breaking the structure (Break of Structure - BOS). The market is indicating a clear shift from bullish to bearish, with a sell entry opportunity upon retesting resistance (red zone) and targeting lower levels such as Swing Low. The MACD indicator shows selling momentum.
⛔️Not investment advice, for educational purposes only.
Falling towards pullback support?AUD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 95.69
1st Support: 94.30
1st Resistance: 96.92
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.
AUDJPY: Channel Up bottomed. Bullish.AUDJPY turned oversold on its 1D technical outlook (RSI = 30.123, MACD = -0.750, ADX = 46.331) as it touched the bottom of the Channel Up. Unlike the price's LL decline, the 4H RSI has formed a Channel Up from oversold range, which is the exact same formation it had after pricing the September 11th bottom. Consequently, we should be expecting the pair to bottom now and start the new bullish wave. The last one hit and even breached the R1 level and then pulled back to the 4H MA50. We are aiming for the same level (TP = 101.550).
See how our prior idea has worked out:
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AudJpy formed rising wedge pattern!Looking for Impulse Down.
AudJpy formed rising wedge pattern as continuation pattern and AJ should continue fall to the deep. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
AJ (last couple Decembers is a sell)- per monthly chartsFrom the monthly charts of AJ, last couple of years- December (next month) is a sell. I will be looking for selling opportunities only at this time.
Chart attached is weekly AJ chart- which shows a red box from the 90.000 to the 94.000 area which, in my opinion price action will go for the remainder of 2024.
At this time price action is around 100.00- so if that happens it is at least a 600.000 pip sell opportunity at this time.
Good luck with your trading- stay safe. Please have a great rest of year and god bless.
AUD_JPY WILL KEEP FALLING|SHORT|
✅AUD_JPY is trading in a
Downtrend and the pair made
A bearish breakout of the key
Horizontal level of 98.500
Which reinforces our bearish
Bias and consequently makes
Us expect a further move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
AUD-JPY Bearish Breakout! Sell!
Hello,Traders!
AUD-JPY keeps falling
And the pair made a
Bearish breakout of the
Key horizontal level of 98.000
So we are bearish biased
And we will be expecting
A further bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
AUDJPY SELL | Market ViewPotential for a bearish pullback on the AUDJPY 4D which could lead to a price movement towards the support level at 87.000
AJ long - if price holds above POC and I see volume coming in then I will look to go long on AJ till we tag the impulse VA around 99.260
AUDJPY Short - if and when price holds below POC I'll look to go short. short term price can move up to test last week's AVWAP or November's VA
AUDJPY Set to Decline, Sellers in ControlHello,
AUDJPY has experienced significant rejection and is likely to continue its decline, aiming to test the 1-year pivot point and support levels. Sellers are currently in control of the market.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
30/10/2024 - AUDJPY LongAUD/JPY - Long Trade Plan
Trade Details:
Entry: 100.438 (Order Block)
Stop Loss: 100.240
Take Profit: 100.630
Risk-Reward Ratio: 1:1
Reason for Trade:
Entry is based on an Order Block (OB) identified on the chart, suggesting a potential bounce from this support zone.
The plan is detailed in the accompanying chart, including key levels for entry, stop loss, and target.
Disclaimer: This is for educational purposes only and not financial advice. Please conduct your own analysis before trading.
AUD / JPY DAILY BEARISH MOMENTUM TO FOLLOW ?
Description
AUD JPY on a daily overall looks bullish , but on a biggger scenario it is an pullback on daily level to 50 % of overall bearish momentum of the pair ( look left a big bearish momentum can be seen Jul to sept 2024.
ATM the pair has given us a hint on reversal by two way , first a retracement of 61 % and 50 % on daily TF then followed by a good head and shoulder pattern on 4hr level ,signaling us a potential reversal of the pair.
Trade can be taken with bearish confirmation on 4hr and 1hr confirmation .
Things i look on markets are
Market structure
SWING
IBOS - Break of structure and change of pair character
Fractal structure to trade on 4hr and 1hr
Looking to trade the distribution phase model 1price has been ranging for long enough, after the manipulation of the weekly FVG and close back inside the CLS range I expect the distribution phase to the 50% of the range. This would be my target, Im not in the trade yet.
Want to see at least a small pullback.
The goal of this post is to show you briefly my unique method of reading the market by understanding CLS.
Let's put it all together 🧩
📍HTF Level - Weekly FVG. Nested in Monthly
📍CLS Range Monthly
📍Dropping to the D1 which confirmed change in order flow. And I see potential for downside. Will be looking for an entry on the lower time frame - H1
Follow me if you want to learn more about CLS Trading.
What is CLS?
You may never hear about them.
Find them on Google. This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are market maker - smart money.
I have decoded their operational tactics to my advantage.
Study this and trade with smart money.
Good Luck
Dave Hunter
