AUDJPY reversing from 1st resistance , further drop expected! AUDJPY reversing from 1st resistance , further drop expected!
Aud-jpy
AUDJPY testing trendline , further drop expected ! AUDJPY testing trendline , further drop expected !
AUDJPY testing 1st resistance , further drop expected ! AUDJPY is testing 1st resistance , further drop expected towards our 1st support where the horizontal swing low is.
The birth of fresh weakness📌 Here we go for the main event...
To illustrate the spillover effects between US and the rest of the board, we are going to use AUDJPY. This is absolutely going to be a long night, and of course, I wish it was over with already. Trump should, as has been emphasised several times, come out on top. What would be the significance of this move? Well, it renders the risk-off crowd totally mobile as it will be contested. To the other side, a Biden victory has somehow been taken as positive, let me point out the tax hikes that shall come back and will be really damaging.
SELL AUDJPY @ 75.00 | TP1 73.9x | SL 75.6x
Using JPY as 'defence against the dark arts' of politics tonight for multiple protection angles, in fact it puts the dark arts in the spotlight; protecting AUD outflows and JPY inflows are going to get in each other's way!
AUDJPY testing 1st trendline, further drop expected ! AUDJPY testing 1st trendline, further drop expected !
AUDJPY - SWING - 03. NOVE. 2020Welcome to our weekly trade setup ( AUDJPY )!
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1 HOUR
Very bullish pressure above main sr level.
4 HOUR
Expecting more bullish price action..
DAILY
Expecting a turnaround and more upside!
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FOREX SWING
BUY AUDJPY
ENTRY LEVEL @ 73.840
SL @ 73.230
TP @ 74.730
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 35 pip Long.AUDJPY is about to from break from range trough resistance of 74.850 straight to 74.200, which is around 35 pips, buy the break.
Cheers,
Tibor
Possible trend shift in AUDJPY – going short SELL
73.078 - 73.488 Add to Watch List
Signal ID: 73864
Time Issued: Monday, 02 November 2020 00:00:16 GMT
Status: open
Entry: 73.078 - 73.488
Limit: N/A
Stop Loss: 74.103
The Tidal Shift Strategy has just sold AUDJPY at 73.283. The system recommends entering this trade at any price between 73.078 and 73.488. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 4.532, which suggests that the AUDJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.164, so the stop loss has been set at 74.103. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
AUDJPY retesting 1st resistance, potential to reverse from thereAUDJPY retesting 1st resistance, potential to reverse from there
AUDJPY 4hour Analysis November 1st, 2020AUDJPY Short idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
1Hour Trend: Bearish
Trade scenario 1: Price action has been extremely bearish recently and is maintaining a strong bearish trend. Look for a retest of this recent broken weekly zone and look to enter short on confirmed lower high. Target lower toward major support levels.
Trade scenario 2: For us to consider long scenarios we need to see a confirmed higher low above our 4hour level at 75.000. Look to enter long on strong bullish setups confirming the higher low. Target toward the top of our range at 76.000
AUD/JPY Bearish Analysis🔸WEEKLY CHART EXPLANATION:
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🔸Price is on a downtrend since 2015, making lower lows and lower highs.
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🔸We can observe that it has bounced at the Descending Trendline.
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🔸The first target that we are considering is the Support Zone at 70.000.
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🔸We have an active trade on this pair. Our short trade was triggered after the breakout of the lower timeframe corrective move.
🔸4H CHART ANALYSIS:
AUDJPY pulling back to the trendline, potential to reverse fromAUDJPY is pulling back to the trendline and our 1st resistance where the 50% fib retracement and the 100% fib extension are. Price could reverse further from here towards 1st support where horizontal swing low is. EMA is also showing signs of bearsiness.
AUDJPY - EW UpdateEW Analysis:
Wave 5 is approaching 1.618 fib level of Wave 4, this is a standard reversal point in the cycle, a break below this level will mean longer selloff. On a bigger wave cycle, audjpy is in a ABC pullback, Wave 5 also C Leg. If price reverses it will also match bottom of price channel. There is some good signs it will be safe to buy around 72.2- 72.3 territory with a safe stop loss. Good luck.
AUDJPY testing a daily support 🦐AUDJPY on the daily chart is now testing an important daily support at 74.250.
ON the 4h chart the price turns back into a bearish scenario.
IF the market will break and close below the daily support 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 testing upside confirmation, potential to pull back to thAUDJPY is testing our upside confirmation where the 38.2% fib retracement joins the 100% fib extension. Price could bounce further from here towards 1st resistance where horizontal pullback resistance and 61.8% fib retracement are. Stochastics is showing signs of support.
AUDJPY testing 1st resistance , further upside expected !AUDJPY is testing our 1st resistance where the 61.8% fib retracement joins the horizontal overlap resistance. Price could drop further from there towards 1st support where horizontal swing low is. EMA and trendline are both showing signs of resistance.
Breakout Identified in AUDJPYThe Breakout Opportunities system has just sold AUDJPY at 74.53. The system recommends entering this trade at any price between 74.384 and 74.63. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.684, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 74.93 and a profit target has been set at the 1 Day ATR level at 73.946. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 73782
Time Issued: Tuesday, 27 October 2020 09:09:15 GMT
Status: open
Entry: 74.384 - 74.63
Limit: 73.946
Stop Loss: 74.930
AUDJPY is testing our upside confirmation, more upside ! AUDJPY is testing our upside confirmation where the 50% fib retracement joins the horizontal swing high. Price could bounce further from there towards 1st resistance where horizontal swing high is. EMA and trendline are both showing signs of support.
AUDJPY breaking below downside confirmation , further downside eAUDJPY is breaking below its downside confirmation where the head and shoulder neckline and the 78.6% fib retracement are. If price closes below the downside confirmation, we might see further downside from here towards our 1st support where the horizontal swing low is. MACD is also showing signs of bearishness.
AUDJPY 4hour Analysis October 25th, 2020AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
1Hour Trend: Bullish
Trade scenario 1: Price action continues with the weekly & 1hour bullish trend. This could be the first break of structure before the next bullish leg. To play it conservatively we are going to wait for a break and retest 75.000. Look to enter long on strong bullish setups and target toward our next major resistance level around 76.000
Trade scenario 2: Bearish momentum steps in and confirms this structure as a large double top pattern. Look to enter short on a lower high below 74.500 and target lower toward our weekly level.
AUDJPY - WEEKLY PREDICTIONWe're long now!
Closing above 74.60 was key to seeing the Double Bottom validated and not just consolidation and weekly support.
Now we've had multiple bullish daily closes (good size candles as well), we have confirmation of the Double Bottom off that order block at 74.20 and are looking for buys to add to our current open position (running around 2%).
Targets?
1st target is the daily resistance and this is where price could begin to consolidate or bounce off in the short term, especially given the current climate with risk changing every session.
Target 2 is the actual completion of the Double Bottom pattern, which is the extension above the neckline, which lines up perfectly with the previous highs created in August
AUDJPY in a Falling wedge.AUDJPY - Short term - We look to Buy a break
Price is in a falling wedge bullish pattern
Posted a Triple Bottom formation.
Previous resistance located at 74.32.
A break of 74.32 is needed to confirm follow through bullish momentum. Bullish divergence is expected to support prices.
The 50% Fibonacci retracement is located at 75.36 from 76.52 to 74.20.
Risk/reward is ample to call a buy trade.
Our profit targets will be 75.36 and 75.50
Resistance: 74.32 / 74.46 / 75.36
Support: 74.32 / 74.20 / 74.17
