Aud-jpy
AUDJPY: Consolidation on Key Level
AUDJPY is standing for 6 days on a key daily structure.
On 4H the price is trading within a horizontal decision range.
Most of the time, the side of the breakout (4H candle close above/below) of the range will show the future direction of the market.
In case of a bullish violation, I will expect a continuation to 77.4 level.
In case of a bearish violation, the price will most likely drop to 76.0.
Be patient and wait for the decision,
then just follow the market.
AUDJPY on a weekly resistance 🦐AUDJPY after bouncing on the 0.382 Fibonacci level of the previous bullish leg created a nice impulse to the upside until the weekly resistance area.
The price couldn't break above yet and created a kind of double top.
We can expect the market to provide us 2 different scenarios.
IF the market will break above the weekly structure, we can set a long order.
If the price instead will break below the daily support we will look for a short position.
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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
We expect a break at AUDJPYFollowing the uptrend in November, AUDJPY entered the H1 range.
The break will allow you to enter a trade. The previous upward trend suggests that we are more likely to see a break in resistance, but pre-entries will be risky.
Wait for the price to close outside the range and then look for an entry in this trade!
Resistances:
77.35
77.52
77.86
Support
76.13
75.56
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Audusd is heading...Rate news is coming in a few hours time,
Aud if weaken should see if test and break the 0.7330 level...
Watching it...other pairs of aud worth noting to short i AUD weakens are AUDJPY and AUDSGD
#shadowingthebigboys
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#forex
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
AUDJPY 4hour Analysis November 29th, 2020AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action continues bullish and breaks through this rectangle and daily resistance at 77.000. Look to enter on a confirmed higher low above this level, enter on strong bullish setups and target higher toward our -27% fib level.
Trade scenario 2: Price action goes bearish. To confirm this change of trend we need to see a lower high form below our monthly level at 76.500. Enter short on strong bearish setups after the lower high and target toward our 4hour key support at 76.000
AUDJPY ANALYSISAUDJPY broke downtrendline
Pair is based above support level at 75.45
Price is based above HVN at level 75.85 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows bullish momentum
RSI broke downtrend
We r waiting price to exceed key level at 76.50 to open long trade
It's expected to target resistance level at 77.70
AUDJPY to reverse from trendline resistance, more downside ! AUDJPY to reverse from trendline resistance, more downside ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
AUDJPY to reverse from trendline resistance, more downside ! AUDJPY to reverse from trendline resistance, more downside ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
AUDJPY is testing the 1st support, potential for more upside! AUDJPY is testing the 1st support , where 38.2% Fib retracement and horizontal graphical pullback are. Price could bounce from this level towards our 1st resistance where the horizontal swing high is. It is worth noting that price is trending above both support lines.
AUDJPY - SWING - 23. NOVE. 2020Welcome to our weekly trade setup ( AUDJPY )!
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1 HOUR
Bullish market open and pressure.
4 HOUR
Overall bullish market structure with a pullback.
DAILY
Expecting further upside movement!
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FOREX SWING
BUY AUDJPY
ENTRY LEVEL @ 75.940
SL @ 75.470
TP @ 76.610
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDJPY 4hour Analysis November 22nd, 2020AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Price action continues with this bearish channel and forms another bearish leg. Look to enter short after a strong reversal from the current resistance level at 76.000. Look to target lower toward key support at 75.000 & our -61% fib level.
Trade scenario 2: Price action breaks trend and goes bullish. Only look to enter long after we have confirmed a higher lower above 76.000 & above this channel. Target higher toward key resistance around 76.500.