Aud-jpy
AUDJPY 4hour Analysis February, 21st, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: This pair has been extremely bullish on all major timeframes. Currently price action is very overextended and is right near our weekly resistance near 83.250. We still have yet to see any signs of bearishness but even with a large pullback we will remain bullish as long as price action is above 82.250. This is the most relevant level of support even though it is minor.
Ideally we want to see a pullback to this level followed by a strong reversal that we can then enter long on. Look to target higher toward key resistance.
Trade scenario 2: For us to consider AJ bearish we need to see a swift break of 82.250 with a lower high or retest below. This would technically be a counter trend trade according to the 4hour and higher but the large volume could present some shorter term low timeframe trades. Look to target lower toward key levels of support after we can confirm a lower high below the 82.250 level.
AUDJPY: The price REACHED a strong RESISTANCE ZONEPair Analysis Complete
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/JPY
⚪ Technical Analysis :
Since the 2nd of February 2021, the price has been following a strong uptrend, re-testing few times its secondary trendline.
Once it reached the main resistance zone at about 82.280, it started a consolidation phase just below that area.
It is currently moving with a clear sidetrend, getting close to its trendline.
🔴 Conclusion :
The price definitely reached an interesting resistance zone and considering many rejections in the past, I'm confident to see an upcoming bearish movement.
I'll be waiting for the price action around the trendline and eventually it will break down closing at about 81.715, I'll plan my short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDJPY LongThe Australian Dollar has seen strength against the Yen for the past couple of months and I expect it will continue moving into next week. The Aussie did well while some uncertainty loomed this week over unemployment numbers, the expectations were beat by .1% not causing much fluctuation in the pair. This isn't the main reason for this trade however, this is mostly a play on the Dollars continued recovery after also beating expectations this week. The contra-positive relationship it holds against the Yen makes this pair work in my favor as the Yen struggles against the dollar. The reason I don't just trade USDJPY or a different USD pair is to avoid too giving myself too much direct exposure to the dollar, as the Fed will be meeting next week, and I would like to protect myself from volatility.
AUDJPY 4hour Analysis February, 14th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action is still very bullish on this pair and doesn’t show signs of stopping yet. From where price action currently is we would ideally like to see a pullback with a confirmed higher low before entering long. Look for possible entries around 81.000 and target higher toward negative fib levels. Technically price action can fall to 80.250 and still see a bullish reversal.
Trade scenario 2: For us to consider AJ bearish we need to see a lower high form below key support at 80.250. Look to enter short on strong bearish setup confirming the lower high and target toward major support levels.
Uptrend and triangleToday's option is at AUDJPY. We see an upward movement of both H1 and larger periods.
At the same time, the price currently forms a triangle, which we expect to continue moving to 81.65!
A break of the triangle and the previous top is assumed to confirm the direction.
Stop is placed under the triangle!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
AUDJPY SL hitIt happens, trades hit SL right?
Just accept it as probability and move on.
The buy previous to it was quite nice.
The way I trade helps to not get emotional over it, I have no ego and bias associated to any time spent analysing - I trade what I see in line with the strategy.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out do they.
Also, see my 'related ideas' below to see more just like this.
Thank you.
Darren
AUDJPY: BUYOverall, we see bullish integrity on all timeframes with AUDJPY this week.
If we see price heading back towards the support level of 80.473 , we must keep an eye here (horizontal line drawn on our analysis).
-If price breaks our support level majorly, we can expect a scalping opportunity for Bears/Sells to enter, however, we are expecting price to keep it's bullish trend to take it down to the monthly Buy Zone (79.436 - 79.930) and ride it back up to our Take Profit (EXIT) area of around 81.510 .
AYDJPY looking for a break 🦐AUDJPY is not consolidating below a weekly support.
The price creates a minor range 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 4hour Analysis February, 7th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall this pair is very bullish on all timeframes. We recently saw resistance at 80.250 break and price action surged higher. Ideally we want to see structure form with a retest of broken resistance. Look to enter long on a confirmed higher low with strong bullish setups. Target higher toward our -27% fib level.
Trade scenario 2: For us to change our bullish bias on AJ we need to see a break of support at 80.250. Price action would then fall back into our range between 79.600 & 80.250. We won’t yet be ready for shorts but it’s the first step toward a bearish bias.
GO LONG!we have entered a Long position on AUD/JPY. we currently entered this trade at 80.34. This trade is still inactive therefore you can still enter from 80.312 or under. if price pushes past our entry zone then unfortunately you've missed the trade.
we are hoping to see some bullish momentum here on this pair which may not happen until later today (Uk Time currently 09:15).
Please watch over this as we will be updating you throughout the day and with any bearish momentum we will advise whether to hold or close positions. Lets hope we see a winning trade to end a BIG week of profits!
AUDJPY: Be ready to SHORT this CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/JPY
⚪ Technical Analysis :
Since the 10th of January 2021, the price has been following a clear descending channel, bouncing few times on its dynamic channel's lines.
Yesterday, the 1st of February, the price reached its dynamic resistance line, getting a nice bearish rejection on that level.
It is currently re-testing the support zone at about 79.700 and the next price action will be essential to understand the next market movement.
🔴 Conclusion :
The price is just in the middle of its channel, around a support zone at about 79.700.
I'm confident to see it having a small correction before falling down through the support zone until its dynamic support line.
I'm already holding a short position but I'll be waiting for the breakout of the support zone before planning my second position around the level 79.400.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni