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.
Aud-jpy
AUDJPY 4hour Analysis April, 11th, 2021AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Higher timeframes are bullish but we have been seeing some high volume ranging happening on this pair. Currently price action on the 4hour is pushing lower and could present some great short opportunities. Look for a break and retest of 83.300 with a lower high below. Look to target lower toward support around 82.200
Trade scenario 2: For us to consider AJ bullish on the 4hour we need to see a break back above 84.150. In the meantime, you could find a long opportunity on some lower timeframe confirmation if price action starts to reverse at the current level.
AUDJPY 4hour Analysis April, 5th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Currently we are back to bullish and ready for lift off! We just saw price action break and retest resistance at 84.150 and are now waiting for bullish confirmations to enter long. Look to target prior highs after conviction.
Trade scenario 2: For us to consider AJ bearish again we need to see a transition of 84.150. Look to enter short on a lower high and target lower toward our weekly support.
AUDJPY ANALYSIS AUDJPY broke downtrendline
Strong bullish wave (a) ended at level 84.48
then corrective bearish wave (b) rejected from uptrendline with bullish movement
Above SMA 100
MACD shows weakness in bearish momentum
It's expected forming bullish wave (c) to target HVN at level 84.40
then finally target supply zone at level 85.45
AUDJPY a turn at our beloved 0618 🦐AUDJPY after the double bottom over the minor support started a retracement move.
The market reached the 0.618 of the previous impulse and is now turning again into a bearish scenario.
If the price will break below the trendline according to Plancton's strategy 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.
AUDJPY is facing bullish pressure, potential for more upside!Prices are facing bullish pressure from 1st support in line with 100% fibonacci extension and 61.8% fibonacci retracement. Prices might pullback to 1st support before pushing up higher towards 1st resistance in line with horizontal swing high resistance and 78.6% fibonacci extension. If prices fall through 1st support, prices might push down towards 2nd support which is in line with 50% fibonacci retracement and 161.8% fibonacci extension. EMA is also below prices, signalling a bullish pressure for prices.
AUDJPY ANALYSIS AUDJPY broke downtrendline
Pair is based above key level at 83.05
Above SMA 100
MACD shows weakness in bearish momentum
RSI is above level 50
we r waiting price to exceed next resistance level at 83.90 to open long trade
It's expected to target first HVN at level 84.40
then finally target supply zone at level 85.45
AUDJPY 4hour Analysis March 28th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are back to bullish. Last week we did see a strong reversal near our 100% fib level followed by a rally. At the current level we can not just take a long opportunity, we need to wait for a higher low & new support to form. Ideally we want to see a transition of 84.150 with a confirmed higher low that we can enter on. Look to target higher toward key resistance levels.
Trade scenario 2: Overall we are bullish until we see 83.300 break and retest. Look to target lower toward key support levels if this happens.
💡Don't miss the great sell opportunity in AUDJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (84050).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 81.970
TP2= @ 80.620
TP3= @ 79.520
TP4= @ 78.850
TP5= @ 77.460
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Aud Jpy Long idea After we are in an uptrend for sometime with confirmed trendline action ...we just broke the TL (Fakeout maybe?!) we saw several clear flips on the upside since yet and i hope to see one more right now + demand zone is a good confirmation and confluence for me to enter a long with some wider sl and one pending a bit lower for tighter sl + higher RR factor..
i will check LTF for sure to look for confirmed entry into the HTF trade...
keep an eye on the usdcad as well as we could trigger something soon..
have a great week all
AUDJPY 4hour Analysis March 21st, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish and are looking to continue with that trend. Price action is currently pulling back to our monthly support level around 83.300 where we will be looking for reversals to enter long on. Look to target higher toward prior highs and negative fib levels.
Trade scenario 2: For us to consider AJ bearish we need to see a lower high below 83.300. Target lower toward key support at 82.200.
SELL on AUDJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price is inside an ASCENDING CHANNEL and started falling from its resistance
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us
AUDJPY - A break to either direction!!AUDJPY - Trade Idea!
Technical view:
Support: 84.215, 83.880, 83.515, 83.375, 82.975 (Keep an eye on 50EMA)
Resistance: 84.760, 84.940, 85.460, 85.915
Pattern: Wedge
Technically we within a small range at this current moment of time. A break to either direction to next support or resistance zones. Add alerts to make it easier to trade either direction!
Fundamental:
Major move from the market this week will be done by FOMC this week, keep an eye on dot plot. Interests rates will most likely be left unchanged.
Other factors to keep in mind - Yields.
Bonus: I got given a question privately which I feel will help a lot of people
How do you trade cryptocurrencies?
As we had the great momentum towards upside. The reality is - It's very easy to add the same analysis you are doing within FX - just break out strategies and transfer it to a mostly retail driven market to cryptos. I use the same strategy on most assets I trade. If you're trader already within FX, transferring this skill should be easy there is no need for extra fancy costly courses, given by great sales people. The only thing you will need to go in-depth research into where and what exchange you'd like to trade from, researching coins you're interested in and making sure if you do trade within your broker they are regulated. I trade mostly futures.
Follow your own trade plan.
Have a great week ahead,
Trade Journal
(Just a trade idea, not a recommendation)
AUDJPY analysisThe upward trend continues! From weekly chart to one hour - we see an upward trend in all periods.
This is probably one of the most definite movements at the moment.
The only option to engage in such a movement is in correction or break and test.
This is what we expect at the moment - to see a break of the previous peaks and to join the test.
The expected levels are 85.27 and 85.60!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
AUFDJPY for new recent highs 🦐AUDJPY is consolidating in a minor range below a structure at the previous highs.
According to Plancton's strategy, if the price will break above and the conditions will be satisfied 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.
Mar 9
Comment: