AUD/JPY should test its highs again in the next hours Hey guys,
The pair is currently in a flag inside what looks like a broadening formation (megaphone).
Based on the Ichimoku Cloud, we can see that the price is supported by a thick daily cloud and is currently above all its clouds as well (H1, H4, and Daily) suggesting that it will sooner or later test the highs again.
I am already positioned in this trade, but a more conservative strategy would be to enter as soon as the flag is broken to the upside.
The target is the high of the megaphone which is also nearly the highs over the last month, at around 84.550. So an 80+ pip trade.
Trade with care!
Jesse
Aud-jpy
💡Don't miss the great sell opportunity in AUDJPY Trading suggestion:
. There is a possibility of temporary retracement to the suggested resistance line (83.92).
. 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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.60.
Take Profits:
TP1= @ 83.48
TP2= @ 83.15
TP3= @ 82.93
TP4= @ 82.68
TP5= @ 82.17
SL= Break below S2
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AUDJPY on a bull flag 🦐AUDJPY after the recent highs retraced until the 0.618 Fibonacci level.
The market from there started a new impulse until the weekly resistance.
Currently, the price is consolidating below a minor resistance inside a bull flag and is attempting to break above.
According to Plancton's strategy, if the price 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 4hour Analysis March, 7th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’re very bullish on AJ and we still aren’t seeing any significant signs of bearishness. Ideally, we’re looking for an entry on a break of this bullish flag and higher low above our 38.2% fib level. Look to target higher toward 85.000.
Trade scenario 2: This pair will still be bullish until we see a significant break of support at 82.250. We could see price action fall to this level in which case we will re-analyze and consider a break or bounce.
AUDJPY +50PIPS PROFIT TAKENOne of our last trades that we entered here at forexinsightsuk early hours yesterday was the AUDJPY. This trade took off just how we wanted it too but never finished the way we'd liked. We manually closed out of this trade 50 Pips in profit as we were encountering a pull back which indicated to us a slow down of bullish momentum. We didn't want to risk loosing any profits considering the week that we have had. Therefore a wise move was to close out in a comfortable position without the fear of holding and loosing.
We are currently searching the markets for another setup today, but unfortunately nothing is jumping out at us at the moment so we won't force any trades. We will keep you updated a little later on whether we enter any positions.
Good luck and have a great Friday Guys.
AUDJPY bounced at the 0.618 🦐AUDJPY after the recent highs retraced until the 0.618 Fibonacci level.
The market from there started a new impulse until the weekly resistance and currently is attempting to break above.
According to Plancton's strategy, if the price 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 - SWING - 03. MAR. 2021Welcome to our weekly trade setup ( AUDJPY )!
-
1 HOUR
Bearish pullback in a bullish market structure..
4 HOUR
Pullback formed and price retraced.
DAILY
Expecting more upside pressure now!
-
FOREX SWING
BUY AUDJPY
ENTRY LEVEL @ 83.150
SL @ 82.140
TP @ 84.610
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 1H TIMEFRAME IDEA SHORTLooking to go short on AUD/JPY after the breakout of the monthly ascending wedge, from which retest might occur, and then place your short position.
** You are not obliged in any way to follow this idea/analysis.
This is just my interpretation based on my indicators.
Follow me for more ideas/forecasts.
AUDJPY 4hour Analysis February, 28th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Price action is still overall very bullish and could be due for a reversal at key support. Ideally, we want to see price action reversal at the current level (82.000) and show strong bullish setups we can then enter on. Look to target higher toward key resistance levels.
Trade scenario 2: Personally I’m not interested in taking short positions until I see lower highs below 80.800 because price action could technically fall to 80.800, reverse and still be overall bullish.
AUD/JPY On a Critical ZoneGood morning traders, today we bring you a long-term analysis of the AUD/JPY pair, since it is in a critical zone.
🔸Speaking a bit of context, we see that this year the price broke up the Bearish Channel, which is a strong bullish signal.
🔸After that break, there was no interesting Supply Zone, so it had a clear path to the current price level.
🔸The area that it is facing right now is a Resistance Zone that throughout 2018 could not penetrate to the upside, and finally started a great bearish momentum after bouncing numerous times.
🔸Given the previous point, we are waiting for a clear behavior to be able to make a decision to trade in this pair, and, for the moment, we will stay out of any trade.
🔸In case of seeing a Bullish Breakout, the next target zone is about 500 pips away at 88,600.
🔸In case there is a strong rejection to the downside, we may see a Bearish Move towards the Support Zone at 77,800, about 500 pips away as well.
AUDJPY is facing bullish pressure, potential for more upside!AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our horizontal swing high resistance and it coincides with the 61.8% Fibonacci retracement . If prices were to fall, then it might reach our the 2nd support level which coincides with our pullback support as well as the 78.6% Fibonacci retracement .
AUDJPY is facing bullish pressure, potential for more upside!AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our horizontal swing high resistance and it coincides with the 61.8% Fibonacci retracement. If prices were to fall, then it might reach our the 2nd support level which coincides with our pullback support as well as the 78.6% Fibonacci retracement.
💡 Don't miss the great sell opportunity in AUDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (84.47). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 83.41
TP2= @ 82.40
TP3= @ 81.35
TP4= @ 80.45
TP5= @ 79.05
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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great sell opportunity in AUDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (84.47). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 83.41
TP2= @ 82.40
TP3= @ 81.35
TP4= @ 80.45
TP5= @ 79.05
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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDJPY UPDATE.. TP1 HIT FOR 70 PIPS!!!A quick update before we switch off for the evening before an early start on the markets in the morning.
Our AUDJPY trade which was entered this morning hit our Take profit target for a total of 70PIPS!!!
A massive gain on our capital this week.
But once again were staying humble and will continue with the grind first thing tomorrow morning. Keep your eyes pealed!
Good luck traders.
AUDJPY RUNNING 50 PIPS DEEP!Another well executed trade we entered here at forexinsightsuk this morning. We've been running in profit the majority of the day but now the Australian market is wakening we're seeing big movements happening heading towards our Take profit zone. We are currently 50 pips in profit which is a huge gain on our capital. Holding this position until hopefully our targets are reached. We will update you all when we have banked profits later on this evening.
Have a good evening guys!
AUDJPY a staircase to heaven 🦐AUDJPY on the 4 h repeated the same move creating an ascending ladder.
The price after every consolidation broke above and created a bullish impulse.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order opportunity.
–––––
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.