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Aud-jpy

AUDJPY 4hour Analysis September 20th, 2020AUDJPY Short idea We recently saw a ton of bearish volume step into the market which broke a higher low and key zone at 76.500 which changed this 4hour trend from bullish to bearish Trend: Bearish Trade scenario 1: Bearish momentum continues and gives us entry confirmations on the currently forming lower high. Look to target lower toward 75.000 Trade scenario 2: Price action reverses and pushes back through 76.500. Look for a higher low to confirm the reversal. Target higher once again toward key resistance around 77.500
Short
by ForexLeague
AUD/JPY Daily Cross Signals Bearish MomentumHello Fellow Trader! Price breaking below daily pattern trend line and if held, could commence the exit sell down to levels we have not seen since June. AUD/JPY is at a critical zone to determine its fate. This week Japan announced Yoshihide Suga as their official Prime Minister, and US retail data overnight weakened supporting the Nasdaq and SPX drops. Key Points: - Daily – Crossing pattern trend line - Daily – RSI at 50 mid-point - Price holding below the 200 EMA - Price holding below the 50 EMA - Price found support at 78.6% Fibonacci (September Low to September High Range) - IF: Target 2 is hit, a small core position can be held to target June zone seen in daily. Key Levels: Support - 76.440, 76.110 Resistance – 76.785, 76.930, 50 EMA, 200 EMA, 77.060 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 76.920 Supporting Entry – 76.785 Candle Reversals for entry - Bearish Shooting Star - Bearish Engulfing - Bearish Dark Cloud Cover The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above 77.080 level and violates 200 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 76.920 – Target 1 76.440 = 5x Reward to Risk Optimal Entry 76.920 – Target 2 76.110= 3x Reward to Risk Supporting Entry 76.785 – Target 1 76.440 = 1x Reward to Risk Supporting Entry 76.785 – Target 2 76.110 = 2x Reward to Risk
Short
by tradetheday
14
AUDJPY 4hour Analysis September 13th, 2020AUDJPY Long idea This pair is significantly bullish on major timeframes and we will continue with the overall bullish trend. Current price action is at key resistance at 77.500 & we’re looking for a clean break and retest before we enter long. Ideally we want to see a higher low above 77.500 with strong bullish setups. Target higher toward prior highs and negative fib levels. If we see a reversal at 77.500 with some 4hour lower high it is likely that price action will push lower toward support at 76.550. We will re analyze if and when this happens.
Long
by ForexLeague
AUDJPY bpunce on a weekly support 🦐AUDJPY after hitting a weekly support (red) got sharply rejected. Price currently hit a minor resistance and retrace. IF the price will break and close above the structure and consequently break the discending trendline we can set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
25
Breakout Identified in AUDJPY The Breakout Opportunities system has just sold AUDJPY at 77.262. The system recommends entering this trade at any price between 77.084 and 77.349. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.431, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 77.609 and a profit target has been set at the 1 Day ATR level at 76.548. 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: 73214 Time Issued: Tuesday, 08 September 2020 08:58:15 GMT Status: open Entry: 77.084 - 77.349 Limit: 76.548 Stop Loss: 77.609 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Short
by FXCM