AUDJPY - Corrective Break Set Up - READYAUDJPY broke out of the major ascending trendline but failed to break a significant level which is why this is a corrective break. After the break of trendline, we are now in an ABC correction and almost at the completion of wave C.
See chart update for lower timeframe analysis.
Goodluck and trade safe!
Aud-jpy
AUDJPY ready for a break 🦐AUDJPY after the break of the descending channel is approaching the resistance structure .
If the market will break above we will set a nice long order according to Plancton's strategy.
–––––
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 - FOREX - 05. MAY. 2021Welcome to our weekly trade setup ( AUDJPY )!
-
1 HOUR
Bearish pa and pressure towards main sr level.
4 HOUR
Price broke below main sr level.
DAILY
Great bearish market structure..
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FOREX SETUP
SELL AUDJPY
ENTRY LEVEL @ 84.450
SL @ 84.930
TP @ 83.670
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUD JPY - Long Trade PlanWe broke the 4 hour resistance and have potential to head up
The 4 hour 17 ema is showing signs of support.
On the hourly we have the currently support of the 55 ema as well as bouncing off the 99 ema, and the ichimoku cloud.
The next level we are targeting is the 4 hour top resistance range.
AUD/JPY, where are we headed next?🔮The price has formed a nice ascending triangle. Overall bias is definitely bullish. Can the price break the zone of resistance and fly up? Or will it go down once again and hit the ascending trendline before going back up?🍿
Feel free to share your thoughts and ideas, family🙌🏻
AUDJPY 4hour Analysis May, 2nd, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are very bullish on all significant timeframes and we recently broke key resistance at 84.400. Now we are waiting to confirm a higher low and 84.400 as new support. Look to enter long on proper confirmation and target higher toward our 0% fib level and negative fib levels.
Trade scenario 2: For us to consider AJ bearish we need to see a break back below 84.400 with a lower high below. Look to target lower back down toward support near 83.300 which is also our weekly level.
AUDJPY facing bullish pressure, potential for a bounce!Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal overlap support, where we could potentially see a bounce and further rise up to 1st resistance, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance. Price is also holding above the Ichimoku cloud and ascending trendline support, showing bullish pressure in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
How to Take Advantage of Both Market Directions?Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness.
There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and ultimately this the only thing that generates are psychological issues on the trader.
The best way to remain calm and be able to trade in a cold and consistent way is to plan in advance all the situations that may occur in the scenario we are analyzing, and how we would act in front of them. In this way, we do not allow ambiguities and we will only take positions if what we are waiting for happens. And, covering both directions, we will not feel that we are missing something if the movement is the opposite of what we expect (as it would happen in case of analyzing only in one direction).
In this case we will analyze AUD/JPY to show you how we carry out this analysis:
🔸First, we are going to detail our vision of the daily graph that is the one shown in the publication.
🔸As we can see, the price is in a clear uptrend, and when faced with the Resistance zone it began to consolidate for several weeks.
🔸From there, we didn't see a clear direction. When we detect that there is no type of trend or clear behavior, we stay out of the market and wait for an opportunity to happen where we can establish a clear horizon.
🔸What we propose to trade this pair is that there is a brekaout. It can be in a bullish or bearish direction. In case of being bullish, it must be from the Resistance zone and in case it is bearish it must be from the trend line.
🔸We are going to decrease the timeframe to show exactly what we expect:
🔸In this image we see the 4H chart.
🔸Basically what we detail is that we expect a break and then a retest / corrective structure. This is because it is a security add-on to avoid potential fakeouts (the trade can fail anyway, of course).
🔸Once we see the retest, we will have a new swing or structure to be able to position our entry and stop loss safely, with a favorable risk-benefit ratio.
🔸The targets are: Resistance zone in case of bullish breakout, and Support zone in case of bullish breakout.
AUDJPY - Get Yourself Ready... 👀AUDJPY showing us clear impulse and correction and we are currently near the end of a correction. Watch the fibonacci level and top of the correction for sells. If we break down from here, look for a bear flag on the smaller timeframe.
This set up is similar to the NZDJPY and EURJPY set up previously posted. See below.
Goodluck and trade safe!
AUDJPY - Get Yourself Ready... 👀AUDJPY showing us clear impulse and correction and we are currently near the end of a correction. Watch the fibonacci level and top of the correction for sells. If we break down from here, look for a bear flag on the smaller timeframe.
This set up is similar to the NZDJPY and EURJPY set up previously posted. See below.
Goodluck and trade safe!
AUDJPY - FOREX - 26. APR. 2021Welcome to our weekly trade setup ( AUDJPY )!
-
1 HOUR
Bullish market open.
4 HOUR
Closure above main sr level.
DAILY
Overall bullish market structure, expecting more pressure!
-
FOREX SETUP
BUY AUDJPY
ENTRY LEVEL @ 83.730
SL @ 83.165
TP @ 84.530
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDJPY 4hour Analysis April, 25th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are bullish on AJ but we can clearly see that price action is stuck within a range. Ideally, we continue with the bullish trend and catch a long opportunity off a strong bullish reversal at the current level. Look to enter long on a 30min/1hr break of structure with aligning confirmations and target toward resistance at 84.400. If you’re going to play for the break of the range wait for a transition of 84.400.
Trade scenario 2: For us to consider AJ fully bearish we need to see a lower high below support at 83.300 with a confirmed lower high. Target lower toward support at 82.200.
AUDJPY looking for a retracement 🦐AUDJPY couldnt break above the 84.500 area and moved lower.
The market is now testing the support at the 83 level and according to Plancton's strategy if the market will break below we will set a nice short order.
–––––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together
AUDJPY: Pullback From Key Level
Hey traders,
AUDJPY reached a strond daily support this night.
Then, the price managed to violate a resistance line of a fallng wedge pattern on hourly.
Taking into consideration, that the pair is ranging from the end of March,
chances are high to see a pullback now.
Goals:
83.75
84.3
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Check the status AUDJPYAs you can see, it is in an uptrend channel, according to the ADX indicator, there is no dominant trend in the market, and the Stochastic RSI oscillator is not yet in the extreme sales range.
If we define a good time to take a long position, it is the time when we are at the bottom of the canal and in the Stochastic RSI oscillator, it will deliver to a Golden Cross, and we must wait until then.
AUDJPY looking for new highs 🦐AUDJPY is moving inside a range between 2 converging trendlines .
The price has recently tested the resistance at the 84.300 level and according to Plancton's strategy if the market will break above we can set a nice long order.
–––––
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 looking for new highs 🦐AUDJPY on the daily chart is moving inside a range between 2 converging trendlines.
The price has recently tested the resistance at the 84.300 level and according to Plancton's strategy if the market will break above we can set a nice long order.
–––––
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 - FOREX - 19. APR. 2021Welcome to our weekly trade setup ( AUDJPY )!
-
1 HOUR
Bearish market open and price action.
4 HOUR
Overall bearish waving market..
DAILY
Expecting more bearish pressure.
-
FOREX SETUP
SELL AUDJPY
ENTRY LEVEL @ 83.880
SL @ 84.340
TP @ 83.190
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN