AUDJPY 4hour Analysis February 27th, 2022AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: Recently we have seen AJ turn bullish but since price action met resistance near 83.250 we have been seeing some high volume ranging.
Ideally, we can continue bullish and see price action confirm structure with a higher low above 83.250.
Trade scenario 2: If we spot a bearish break of the range we need to wait for a lower high below 82.600 before entering short.
Aud-jpy
AUDJPY 520 PIP SHORTAUDJPY SHORT
Why are we entering?
- Expecting upcoming AUD weakness and JPY strength
- Price is approaching trendline & structure level
What are we waiting for to happen?
- Rejection of the structure level and descending trendline
What is our confirmation?
- Break of RISK Trendline
- Rejection of structure & trendline
Entry 84.1
Safe Entry: Rejection of structure, trendline & then a break of WFB trendline
Risk Entry: Rejection of structure & trendline
Risk Entry 2 : Early break of WFB trendline
Once entered, where will our Stoploss be?
- above the channel support & structure level 84.4 (30 pips)
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - previous low & trendline level: 80.4 (370 pips)
- Final TP - Lower structure level: 78.9 (520 pips)
Be sure to check out my educational ideas below
AUDJPY potential for short reversal | 25th FebPrice is near sell entry level of 83.226 in line with 61.8% Fibonacci retracement . Price can potentially dip to the take profit level of 82.114 in line with 50% Fibonacci retracement and 127.2% Fibonacci projection . Our bearish bias is supported by technical indicators.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY potential for short reversal | 25th Feb Price is near sell entry level of 83.226 in line with 61.8% Fibonacci retracement. Price can potentially dip to the take profit level of 82.114 in line with 50% Fibonacci retracement and 127.2% Fibonacci projection. Our bearish bias is supported by technical indicators.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY can break above? 🦐AUDJPY on the 4h chart is trading below a descending trendline.
The price after the last impulse retrace over the support at the 0.5 Fib level and turn with a break of the dynamic resistance for a test of the daily structure.
How can we approach this scenario?
We will wait for a break and close above the daily structure and at the retest of it we will set a nice long order if the Plancton's strategy rules will be satisfied.
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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 Sell IdeaAUDJPY has been in a solid uptrend today, gaining over 0.96%, and is currently trading around the 82.735 level. On the 1hr time frame, the RSI indicator is at extremely overbought levels (105) which indicates that this uptrend could start to slow down soon. There was also a failure in passing the 18th of February's high (83.173) which also adds to our short-bias. The target of this trade is located near the 82 regions, with our stop-loss located at 83.5 to mitigate losses.
Possible trend shift in AUDJPY – going short | 22nd Feb Signal ID: 79445
Time Issued: Monday, 21 February 2022 22:00:15 GMT
Status: open
Entry: 1.12902 - 1.13234
Limit: N/A
Stop Loss: 1.13732
The Tidal Shift Strategy has just sold EURUSD at 1.13068. The system recommends entering this trade at any price between 1.12902 and 1.13234. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.19312, which suggests that the EURUSD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00133, so the stop loss has been set at 1.13732. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY 4hour Analysis February 20th, 2022AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is back to bearish! We are seeing a nice reversal from 83.250 resistance and our next move is to enter short on the next structure forming lower high.
Look to target lower toward 81.500 support
Trade scenario 2: For us to consider AJ bullish again we need to see a break of resistance around 83.250 with a confirmed higher low above.
AUDJPY 4hour Analysis February 14th, 2022AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Overall this pair has been fairly bearish on higher timeframes but we have recently seen a ton of 4hour bullish movement.
Currently, price action is bouncing between 83.250 & 81.500 with HIGH volume. The mostly likely scenario is that we will find resistance around 83.250 and price action will fall toward lower support around 81.500.
Trade scenario 2: If we see price action break resistance around 83.250 we need to see a confirmed higher low above before considering any long positions.
AUDJPY Can rally to the top of the triangle on the weekly. The market is in a triangle on the Weekly.
-Price tested the Key Level (Dark Purple) in the rally from the support trendline.
If the bulls prove to be in control, it would be on the retest of the minor resistances trendline . (Price can react to the small "Key Level 2")
Buys can present th emselves at the trendline of the low of the last week. Looking for price to rally to the top of the triangle. (Price can react to the Watch Zone (Light Purple) previous watch zone)
W e are working on our website to share our charts and red list. We mark up 10 charts for all three sessions. Follow for more information on how to join the Nebula. We will optimize the charts for light and dark mode.
AUDJPY potential for further uptrend | 10th FebPrice has recently broken out of the descending trendline and is near buy entry levels of 82.954 which is also 78.6% Fibonacci retracement. Price can potentially go to 83.741 which is also 127.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above it.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY bullish bounce! | 8th Feb 2022Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry at 81.765 in line with 61.8% Fibonacci retracement towards our Take Profit at 82.819 in line with 61.8% Fibonacci retracement. Prices are trading above our ichimoku clouds, further supporting our bullish bias.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY on bearish momentum! | 7th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our sell entry at 82.097 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension towards our Take Profit at 81.291 in line with 50% Fibonacci retracement. Our bearish bias is further supported by the death cross and also RSI being at levels where dips occurred originally.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY 4hour Analysis February 6th, 2022AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish here on the 4hour as we saw a recent break of our 81.500 resistance.
From where we are now we need to see a few confirmations before we can enter long. Look for strong bullish conviction candles off our new 81.500 support levels.
Trade scenario 2: For us to consider AJ bearish we would need to see a break of 81.500 again with a lower high below.