AUDJPY short with 4x Confluences.
Confluences listed:
1: Trendline breakout and close on the Daily timeframe
2: Change in market structure and new lower has been formed
3: Break and close below support around the 84.7** area
4: Bearish engulfing candle at support
Summary:
Entry will be taken during the NY session. The trade has a potential RR of 2.5: 1 or more, depending on how deep the pull back is. Target are set using fibs from the high to the low of the breakout candle.
Audjpyforecast
AudJpy- Ready for 88After the correction from 85 to 77 strong support, AudJpy has resumed its up-trend, recovered losses, and is trading now just in the old local high zone.
For 2 weeks now the pair is consolidating gains and is putting in a small continuation triangle on our daily chart (visible, of course also on small TFs)
At this point, AudJpy looks ready for a break up and the target could be 88 strong resistance (visible on weekly and monthly)
A drop under 84 would negate this scenario
AUDJPYHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
AUDJPY with OB view
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profitSday guys
CHRISTMAS MIRCALE AUDJPY Swing SELLHello guys
I'm planning to hold my sell till this Christmas eve.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDJPY H4 AnalysisPrice has been bullish for the last 6 six days and broke through a supply zone and found rejection around 84.40.
If price falls below Daily Supply zone there could a lot of sellers coming in the market to push price down.
Still bullish on rsi . Need to get a strong bearish candle printed to confirm trend change. Aussie has been very bullish on this pair .
will see if price can reach up to 84.40 again for a retest. I'm overall looking to go short when the moment presents itself on H4.
AUDJPY H1 TIMEFRAME ANALYSIS BUYWe consider buying this AUDJPY pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
@audjpy @audjpylong @audjpyanalysis @audjpyforecast
AUDJPY Weekly Bullish ScenarioOverall market structure in the higher timeframe is uptrend!
Currently, the price is around the weekly demand zone at 0.618 Fib!
On a daily timeframe, an indecision candle was printed as an initial indication of trend reversal!
We might have a chance to witness bullish moves on this pair around next week!
AUDJPY ANALYSISWe have this pair rejecting its previous support which has now turned to a resistance level on H4.
We see price closing up tightly and squeezing in, trying to find a breakout somewhere and move with momentum.
It would be nice see to a break above the level and a pullback to lock us in for longs. Targets would be a new high along the trend.
AUDJPY, 4hr tf, sell the end of wave-(iv)After going down for 285 pips from 84.20 to 81.35, today we saw some retracement for AUDJPY.
For me, i still think AUDJPY is bearish and we might see another drop soon.
Price might only retrace to complete wave-(iv). Right now we're at 38.2% fibonacci retracement.
Sell AUDJPY 82.45
Stop loss 82.85
Take profit 81.00 (3.6R)
Use only 1-2% risk
Good luck