Audjpylong
AUDJPY Great BULLISH Climb...AUDJPY has made a nice BULLISH movement towards the upside. As of now, it is not over for this pair yet. As we can see, it broke the resistance level 79.80 and continue its uptrend. I will be expecting a movement towards the next resistance level @84 ish price level. That is where the 461.8% fib level lies and I will be expecting BEARISH retracement to happen from here.
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AUDJPY - Bullish BiasAUD - BULLISH
1️⃣ Global risk-trends resumed after a smooth inauguration ceremony for US president Joe Biden, who has proposed that he will spend $1.9 trillion in a bid to help revive businesses that have suffered under lockdowns in order to limit the spread of the virus.
2️⃣ The seasonally adjusted unemployment rate fell to 6.6% in December, the lowest jobless rate since April, as the economy emerged gradually from the COVID-19 shocks.
JPY - BEARISH
1️⃣ The positive risk tone weighing on the safe-havens JPY.
2️⃣ The Bank of Japan said on Thursday that the Japanese economy is expected to shrink 5.6% in fiscal 2020 through March as Japan struggles to rein in coronavirus infections under a second state of emergency.
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Technical
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We are looking to buy the AUDJPY above the support + SMA 50 on the H1 chart.
AUD/JPY BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a conformation!
EUR/USD: Daytrade-Execution
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
AUD/JPY: Daytrade-Preparation
Market-Buy: 80,310
Stop-Loss: 80,000
Point Of Risk-Reduction: 80,525
Take-Profit: 80,860
Stop-Loss: 31 pips
Risk: 0,5% -1%
Risk-Reward: 1,80
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Peace and good trades
Irasor
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AUDJPY - head and shoulders What Is a Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
locally I will look for an entry point.
Globally the growth began.
AUDJPY a pullback and bullish continuation the week of 11 JanMy weekly chart gives an overview of PA for the last 4 years. The trend is clearly bullish now and 2 areas of support are marked. As many as 9 out of the preceding 10 weekly candles are bullish and we can expect a pullback.
Recent price action can be seen in the daily chart – nicely moving in an ascending channel, now at the top of this channel. I expect a pull back to either the 80.00 level or a bit lower to the s/r zone (78.80 – 78.15). For target, I would look at the area a bit below the 84.00 round number. Either way, this should be a trade with a nice R/R.
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AUDJPY - Bullish BiasAUD - BULLISH
1️⃣ Prime Minister Scott Morrison said Thursday that the country's regulator is expected to approve the use of Pfizer's COVID-19 vaccine by the end of January, with the first doses issued within weeks.
2️⃣ The positive risk tone boosted the antipodeans.
JPY - BEARISH
1️⃣ Prime Minister Yoshihide Suga declared a state of emergency in the Tokyo metropolitan area, authorizing more robust measures to fight a recent surge in coronavirus infections as Japan reported a record 7563 new cases on Thursday.
2️⃣ The positive risk tone pressured the safe-haven JPY.
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Technical
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We are looking to buy the AUDJPY at the support of 80.500 + above SMA 50 on the H1 chart.
Possible trend shift in AUDJPY – going long The Tidal Shift Strategy has just bought AUDJPY at 80.46. The system recommends entering this trade at any price between 80.273 and 80.647. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.017, which suggests that the AUDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.15, so the stop loss has been set at 79.712. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 74592
Time Issued: Thursday, 07 January 2021 02:00:16 GMT
Status: open
Entry: 80.273 - 80.647
Limit: N/A
Stop Loss: 79.712
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Past Performance is not an indicator of future results.
AUDJPY - new accumulationThe short position did not work completely.
Now I think they will breakout level 79.
There are a lot of prerequisites for a breakout.
Do you agree?
last opinion
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