AUDJPY is approaching support, potential bouncePrice is approaching our first support in line with our buy entry where we could see a bounce above this level.
Aud-jpy
AUDJPY Demand ZoneAUD JPY 4H Chart. My expectations is price will start do rise from the yellow level.
How to make a Top/Down Analysis? Full Explanation on AUD/JPYGood morning traders!
We want to share how we carry out a complete top and bottom analysis to look for an opportunity to enter a trade.
Step number one is to go to a high timeframe. In this case, we begin by analyzing the Weekly Chart.
🔸What do we observe here?
🔸The first thing we see is that the price is in a bearish channel since 2014. Every time the price retested the Descending Trendline, it was rejected.
Right now the same thing is happening, so we can consider a potential bearish move, at least in the short term.
🔸Obviously, we need more confirmations.
🔸For this, we reduce the timeframe to 4H, and look for the most relevant support and resistance zones.
The price is resting in a relevant resistance zone, which supports our bearish view.
🔸And finally, on the one-hour chart, we see that the trend line of the last bullish move was penetrated down after support at Resistance.
Also, there is a corrective move. Considering that the current correction is correcting the first bearish impulse, we can expect a bearish continuation of the same proportion as the first impulse.
🔸All this scenario is valid as long as the Resistance zone is not rotated upwards.
AUDJPY 4hour Analysis November 15th, 2020AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish as we have a recent 4hour break of structure. Currently looking for a retest and a confirmed lower high below our 4 hour resistance at 76.300. Enter short on strong bearish setups and target lower toward our negative fib levels and 200 ema.
Trade scenario 2: Price action goes bullish. For us to consider any long opportunities we first need to see a higher low form above our monthly resistance at 76.500.
AUD JPY SELL (AUSTRALIAN DOLLAR - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
AUD_JPY WILL GO DOWN FROM RESISTANCE|
AUD_JPY has bounced from resistance
And will go down to the support
Maybe after a retest!
Short
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AUDJPY is standing on support level , more upside ! AUDJPY is standing on support level according to Stochastics, trendline and fib. we could see more upside from here !
AUDJPY approaching 1st support, more upside ! AUDJPY is approaching m 1st support, where 38.2% fib retracement and horizontal pullback support are. Price could bounce above this level towards our 1st resistance where the horizontal swing high is. Stochastics is also showing signs of bullishness.
AUDJPY - Potential retest 🔽AUDJPY brokeout above the downtrend resistance.
RSI is printing a bearish divergence signal.
The market is printing a double top reversal pattern.
Potential retest of the downtrend resistance + fibonacci retracement levels.
Sell entry - breakdown below the double top neckline support ⬇️.
AUDJPY is reversing from 1st resistance, potential for further dAUDJPY is reversing from 1st resistance, where the horizontal swing high and 76.4% fib retracement are. Price could reverse further towards our 1st support where the 78% fib extension and 38% fib retracement are. Stochastics is also showing signs of bearishness.
AUDJPY on a descending channel AUDJPY on the daily chart is moving inside a descending channel.
The price just hit and got rejected by the upper trendline, creating a double top formation.
IF the price will break below the ema and consequently break the support structure we will set a nice short order according to Plancton's strategy.
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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.
AUDJPY intra-day longAussie has been strong throughout this entire election time, and it's still dominating so I'm lookingfor this to push higher.
In this specific setup tho, there was a huge push to the upside and price has retrace and find support so I'm looking for more bulls to the upside.
AUDJPY triangleThis week started with a impulse movement.
Yesterday things calmed down and managed to form many models of technical analysis that allow us to trade.
Triangles are currently forming in many places.
But still a small part of them have broken through and started executing, so they need to be monitored.
But the triangle at AUDJPY already has a break and has started its movement!
Here we expect the price to continue to the following resistance levels:
77.20
77.50
77.85
The model breaks down when the previous bottom breaks!
To support us, like and comment!
AUDJPY testing 1st resistance , further drop expected ! AUDJPY is retesting 1st resistance, where the horizontal swing high and 76.4% fib retracement are. Price could reverse further towards our 1st support where the 78% fib extension and 38% fib retracement are. Stochastics is also showing signs of bearishness.
AUDJPY on the upper trendline 🦐AUDJPY after perfectly bouncing over the monthly support at 73.350 has started a new bullish leg.
The price has reached the descending trendline below a daily structure at the 0.5 fib retracement of the previous leg.
IF the price will break and close above we can set at the retest a nice long order.
IF the price on the other hand will be rejected we will look for a short position.
–––––
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 November 8th, 2020AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action forms a higher low at our 75.000 handle and gives us strong bullish setups. Enter on a strong bullish setup & break of the resisting trendline. Target higher toward 76.000
Trade scenario 2: Price action goes bearish. Look for a lower high to form below 75.000 with strong bearish setups. Target lower toward our weekly level at 74.000
AUDJPY - Potential sell entry 🔽AUDJPY is testing the descending channel resistance.
Price brokedown below the trendline support.
RSI trendline breakdown.
Sell entry - breakdown below previous swing low ⬇️.
AUDJPY testing trendline , further drop expected !AUDJPY testing trendline , further drop expected !
AUDJPY SHORTAUDJPY has reached important key level, where it'll start reversing.
Breakout + retest of the trend line gives us a strong indication to open a short position.
