Aud-jpy
AUDJPY Price has stalled out on R2 and formed a double top. This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
AUDJPY on a weekly resistance 🦐AUDJPY on the weekly chart (left side) is now testing again a weekly strong resistance around the 76.400 area
At the beginning of June price hit and got rejected sharply by the resistance zone, hit the 0.5 fib retracement zone and start again a new impulse to the upside.
IF the market will break and close above the weekly structure we can look for a nice long position.
IF the market on the other hand turn again below the 75.000 area, we can look for a short order according with Plancton's strategy.
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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.
AUDJPY | Ascending Triangle Formation..!!#AUDJPY (update)
In 1D Time frame, AUDJPY has been forming Ascending Triangle Pattern.
At the Moment, It's Facing Major Horizontal Resistance (76.770) & On the Verge of Breakout As Well.
Now, There Are two Possible Scenarios,
1- If Bulls Cleared the Major Horizontal Resistance, Expecting Upside Breakout
2- If Trendline of Triangle Broken, It Might test the Major Support (72.660)
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
Breakout Identified in AUDJPY SELL
75.761 - 76.047 Add to Watch List
Signal ID: 72890
Time Issued: Wednesday, 12 August 2020 02:05:15 GMT
Status: open
Entry: 75.761 - 76.047
Limit: 75.176
Stop Loss: 76.318
The Breakout Opportunities system has just sold AUDJPY at 75.956. The system recommends entering this trade at any price between 75.761 and 76.047. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.409, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 76.318 and a profit target has been set at the 1 Day ATR level at 75.176. 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.
AUD/JPY Double Top🔸 4H CHART EXPLANATION:
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🔸Price did a double top pattern at the Resistance Zone.
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🔸It has broken the Ascending Trendline, however, it did not start a bearish move after that.
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🔸 We are waiting for some bearish momentum before considering a bearish trade.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYIS:
AUDJPY 4hour Analysis August 9th, 2020AUDJPY Long idea
The weekly timeframe is bearish but the daily, 4hour and below is bullish.
Current price action is at a major monthly zone and is holding the trend. We are now seeing a 4hour retracement and will be looking for long opportunities.
We have two potential long opportunity scenarios:
1.Price action reverses at the 61.8% and presents bullish setups confirming a continuation. Look to target higher toward our -27% fib level.
2.Price action pulls back to key support around 75.000 & 88.6% fib level. Look for bullish setups to confirm a continuation and target higher toward the -27% fib level.
For us to consider short opportunities we need to see a break of key support at 75.000 and a confirmed lower high below that level.
AUDJPY close to breakout Ascending triangleHello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, that the pair AUDJPY is close to its Breakout from ASCENDING TRIANGLE. So, one can wait for the breakout
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So, let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
AUDJPY- UpdatePrice is getting squeezed upwards, this should lead hopefully to a breakout in coming days. Once price reaches 76.8, it may drop down and test the trendline one more time. . Once and if price does breakout of this triangle my Target will be 80.00. This should also finish off 5th wave. Check my prior ideas for other info on this trade. Good luck traders!
AUDJPY TO BUY (AUD CASH RATE AFTER AFFECT)AUDJPY is forming an upward trend, therefore you want to buy. In almost the past 24 hours since AUD Cash Rate news occured, there was some form of consolidation not hitting my entry for a buy stop of 75.89. It has finally hit my buy stop entry.
TP: 76.00 OR ABOVE
AUD/JPY STRUCTURE LONG|TRADING PLAN
The pair successfully bounced from a strong horizontal resistance, and is now at a support level+the diagonal triangle support is nearby.
Therefore our structure trade is a long.
TRADING PLAN:
1-Wait for the diagonal resistance breakout
2-Go long after pullback
3-Targets, SL, on the chart.
4-Next long opportunity will be near the triangle support.
Thank you for reading, like and subscribe and have a nice day!