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AUDJPY 4hour Analysis December 20th, 2020AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking to continue with the bullish trend. Right now we could see price action pullback and test 78.450 again or price action could continue with bullish momentum into our 79.000 resistance level with no pullback. Trade scenario 2: For us to consider short positions we need to see a major break and retest below 78.450 with a confirmed lower high below.
Long
by ForexLeague
1
AUDJPY on a bullflag break 🦐AUDJPY on the 4chart is looking for new recent highs. The price after hitting the 78.700 level retraced back into a bull flag. The market is now testing the previous high and if the price will break above we can 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. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
23
📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction📚 LEARN MORE 💰 EARN MORE With ForecastCity FLAG pattern Definition: A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole. A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction. After an uptrend, it has a downward slope. After a downtrend, it has an upward slope. IMPULSE Definition: A “flag” is composed of an explosive strong price move forming a nearly vertical line. This is known as the "IMPULSE" or ”flagpole”. The sharper the spike on the flagpole, the more powerful the bull flag can be. Corrective Wave Definition: After an uptrend, it has a downward slope. After a downtrend, it has an upward slope. This downward or upward slop known as "Corrective Wave". Flag patterns can be bullish or bearish: A bullish flag is known as a Bull Flag. A bearish flag is known as a Bear Flag. How to Trade FLAG Patterns: When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead. Breakouts happen in both directions but almost all flags are continuation patterns. This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward. ❤️ 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 ❤️
Education
by ForecastCity
20
📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction📚 LEARN MORE 💰 EARN MORE With ForecastCity FLAG pattern Definition: A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole. A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction. After an uptrend, it has a downward slope. After a downtrend, it has an upward slope. IMPULSE Definition: A “flag” is composed of an explosive strong price move forming a nearly vertical line. This is known as the "IMPULSE" or ”flagpole”. The sharper the spike on the flagpole, the more powerful the bull flag can be. Corrective Wave Definition: After an uptrend, it has a downward slope. After a downtrend, it has an upward slope. This downward or upward slop known as "Corrective Wave". Flag patterns can be bullish or bearish: A bullish flag is known as a Bull Flag. A bearish flag is known as a Bear Flag. How to Trade FLAG Patterns: When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead. Breakouts happen in both directions but almost all flags are continuation patterns. This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward. ❤️ 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 ❤️
by ForecastCity
17
AUDJPY 4hour Analysis December 13th, 2020AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Price action has been very bullish on all significant timeframes and we will continue with this trend until we see a significant break of structure. Trade scenario 1: Look to enter long after structure forms near our 61.8% fib level. Ideally enter after a higher low is confirmed by a moving average cross and strong bullish variations. Target higher toward our -27% fib level and key resistance near 79.000 Trade scenario 2: For us to take any short positions we need to see a break and retest 77.500 with a lower high below. Target lower toward levels of key support.
Long
by ForexLeague
AUDJPY on an ascending channel 🦐AUDJPY on the 4h chart has broke above the weekly resistance structure at the 77 area. The market is moving inside an ascending channel. IF the price will break above the 77.300 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. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
4
AUDJPY 4hour Analysis December 6th, 2020AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullisj 4Hour Trend: Bullish Trade scenario 1: Overall we are very bullish on this pair still. Currently we could see price action take off from here or pullback to form structure. In either scenario, if price action continues bullish look to target higher toward 79.000. Trade scenario 2: If price action goes bearish we need to see a lower high below 76.500 to change this 4hour trend. Look to target lower toward key support levels.
Long
by ForexLeague
Long perspective on AUDJPY / 2 timeframes viewLet's start with the Daily View: a) We can see 3 relevant horizontal levels. Those are the main areas we will be paying attention to. Now the price is above a resistance zone (working as support), and we will aim for a bullish movement towards the next resistance zone. b) Another important item is a Huge Corrective Structure that has been broken (Bullish Signal) Now we will go to the 1H chart: a) We can see the clear breakout of the Daily corrective Structure ABC pattern. b) The price now is above the resistance zone, supporting a small corrective pattern + the Ascending trendline supporting the corrective pattern. c) Based on those items, we expect a continuation of the bullish movement towards the next resistance zone.
by ThinkingAntsOk
2