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Aud-jpy

AUDJPY testing a daily support 🦐After our last idea on this pair (below), AUDJPY is currently testing daily support. The price is moving inside a descending channel and struggles to break the area at 74.200 IF the price will break and close below we can set a nice short 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.
Short
by InkyGrip
2
AUDJPY 4hour Analysis October 18th, 2020AUDJPY Short idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Price action continues bearish after the break of this range. From here we want to see structure form followed by strong bearish pressure. Enter on a confirmed retest and target lower toward key support and negative fib levels. Trade scenario 2: Price action goes bullish and breaks back into the above range. If we see a higher low form above 75.000 you could go long and play the range.
Short
by ForexLeague
AUDJPY breaking a daily support 🦐AUDJPY on the daily chart is moving inside a descending channel. The price after hitting the upper trendline turn and broke the minor uptrending channel. Currently, the market is testing a daily resistance and if we see close and retest we can look for a nice short position 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.
Short
by InkyGrip
8
AUDJPY a possible break below? 🦐AUDJPY on the daily chart is creating a bear flag. The market has created a minor uptrending channel and yesterday the price hit the lower trendline of it. IF the price will break and close below the 750.450 area and consequently break the channel and the support structure, we will set a nice short 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.
Short
by InkyGrip
10
AUDJPY 4hour Analysis October 11th, 2020AUDJPY Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Price action continues with this rally. We’re looking to enter long on a confirmed higher low above the 76.000 leve. To confirm the continuation we need some strong bullish setups and a clean break of our monthly resistance level would add confidence to a larger push. Trade scenario 2: Price action rejects the monthly resistance zone and begins pushing lower. Look to enter short on a confirmed lower high below 76.000. Target the bottom of the range.
Long
by ForexLeague
AUDJPY testing a 4h structure AUDJPY on the daily chart, retrace from the previous high, until the 75 level. Market starts a range move but couldn't break below. Currently, the price is testing the 76 level and if the price will manage to break and close above it 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.
Long
by InkyGrip
2
AUDJPY Short PositionI have entered a short position on AUFJPY for the following reasons: 4 hour fib retracement to the 78.6% area, which has previously been a good area of resistance There is the formation of a double top at this 78.6% area, enphasising the potential for a downward push A glance at the 4H linear regression shows that price is currently above the mean and also shows a downward bias My take profit has been set at the 0% fib level, which has been a strong area of support. This trade gives a solid risk/reward ratio of 4.26.
Short
by UnknownUnicorn8106969