Audjpyforecast
audjpy shortThis pair is looking really good for a short set up, if you look on the weekly time frame you'll see that there was a strong bearish retracement candle. Will be looking for a flag structure on this pair for the downside or the possible retest of resistance if it gets there correctively for the downside move. Will definitely be monitoring this closely this week along with gbpjpy and nzdjpy
AUDJPY: Remains Bullish until above 72AUDJPY has bounced from the critical support around 72 and the following factors show us upward continuation:
1. Higher highs & Higher Lows
2. Bullish Hidden under formation on 12H chart
3. Bullish Divergence coming in play on 4h chart
Action Plan: Buy once it establishes support above 74.50 with the successful re-test, aiming for the first target at 77 followed by 80.
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
AUDJPY H1 LONG PRICE ACTION FORECAST -UPDATE-Price action continues its bullishness, the expected correction to trigger the buy-limit order never happened.
Although the price structure is showing fatigue for the uptrend continuation, together with MACD showing also a diminished bullish momentum and a sell signal entry, the order is canceled and moved the pair to my watchlist expecting to get a better confirmation for a short entry.
AUDJPY H1 LONG PRICE ACTION FORECASTPrice action continues its strong bullish rally, trading sideways within a rising channel, expecting a pullback to its lower support line from the channel for further uptrend continuation. MACD divergence is also spotted to confirm a possible pullback.
A buy-limit entry for a bounce strategy from the 50EMA as the third touch give enough room for the following setup:
S/L: 59 pips - R:R | 1:2 - T/P aiming to the previous high (if the order gets trigger by the expected pullback and the uptrend bias continues we can manage the trade to aim for a higher T/P level)
AUDJPY H4 LONG PRICE ACTION FORECASTAfter the ascending channel breakout, price action could retest the resistance level of the breakout for further uptrend continuation to the next resistance level. MACD formed a sell signal for confirmation of a possible correction. E/P right at the Fibonacci level
S/L: 100 pips - R:R | 1:3.7 - T/P aiming next resistance level.
AUD/JPY, price should continue moving upwardsAUD/JPY is impulsing to the upside. It broke the pullback trendline and right now I do expect further bullish continuation.
AUDJPY wait for a retest on that trend line. if price holds that trend line as support (previously a resistance), then look for valid long entries on lower tf.
AUDJPY SHORT IDEAStill Bearish on AUDJPY.
Fakeout Spotted at TF 4H.
Currently Price is hovering at 4H Bear Engulf Candle.
Expecting price to Spike around 71.700-72.000 area before continue to drop.
AUDJPY - 4H Pattern Trend SHORTPattern forming in 4H chart. Technical indicators matching with pattern. AUDJPY will go down before going back up. Short AUDJPY
AUDJPY moving downtrend!As you can see here from the 1D timeframe, AUDJPY is moving downtrend. Great opportunity to short! Please like, share and follow me if you found this analysis useful! Your support is appreciated!
AUDJPY MULTI-TIME FRAME ANALYSISHello Traders
Here is my view on AUDJPY.
What is the situation?
Price has gone from acting as old support to new resistance and rejecting with
a perfect long wick + 61.8% Fib Level rejection almost a perfect setup.
Trading Plan : Apply time frame confluence, confirmation and entry.
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AUDJPY Long Position Continuation In Near TermAs can be seen in the chart above, AUDJPY is following the trend line very well, and I expect the uptrend to continue in the near term. I feel it will test the next resistance level of 69.800, which is where I have kept my take-profit level. There may be some volatility in the pair because of the upcoming CPI news announcement for AUD, but nonetheless, I feel that the strong uptrend will continue and test the 69.800 levels.
AUDJPY Upward Move In Near TermAs can be seen in the chart, I expect AUDJPY to hit the 69.700 level soon, because of a strong uptrend over the past several days, plus this pair has easily breached the previous strong resistance level of 69.200 from the month of March. I see it touching 69.700 soon.
AUD/JPY, opportunity for BuyersFor buyers, a breakout of the trendline on the pullback is a bullish sign. As well as a false breakout of the Support level.
AUD/JPY, market manipulated by Fake BreakoutIt's seen quite often when market makers manipulate breakouts. This is a great example of how big players accumulate volume.
AUDJPY FORMED DOUBLE TOP AUDJPY IS AN IMPORTANT TIME TO GO SHORT AFTER BREAKOUT THE KEY LEVEL OR THE NECKLINE OF SUPPORT/RESISTANCE
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