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Audjpylong

AUDJPY H1 LONG PRICE ACTION FORECAST -UPDATE-Although price didn't reach the T/P level forecasted, it went under bearish momentum, finding some rejection from the ascending channel support line for an uptrend movement. Now expecting a retest of the critical support zone allows the setup of a long entry with the following characteristics. The order: Type: buy-limit S/L: 20 pips - R:R | 1:2 - T/P: previous swing high -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
AUDJPY Buying Signal In our previous post we spotted a higher probability selling opportunity on AUDJPY. Since then we have seen in the price action a potential intra-day buying opportunity with a similar convergence of factors. As you can see from the 15 Minute chart, price came all the way down from the 75.00 level and reached the 74.00 level. In general AUDJPY loves the big figure (double zero) levels so we want to see how price reacts when these levels are reached. What we saw was a bullish 3 drive pattern complete right at the 74.00 level, this level in general has an increased probability of order flow resting there because its a round number and the pattern can indicate potential price exhaustion especially since it has already moved over 100 pips from the highs. To increase our confidence, confirmation and probability for any trade we want to locate as many factors that all line up to give you the same reason to execute. In this case once price rejected at the 74.00 level and we saw a bullish price pattern complete. The last factor we want to see is a higher inner trend line break to the upside as this can help confirm the pattern and also clearly show you a precise execution point. As we are trading the pattern we do not have to place a stop loss too far below the 3rd drive and the 74.00 level, while we can also look target 74.50 in the short term as there is not a lot of resistance until this area.
Education
by DavidVillagra
AUD/JPY Let's be a BullGood day, snipers. Here in the AUD/JPY, I really believe that the Yen has a strong potential to climb higher, specially when Australia has 5 million people back in lockdown, so I am expecting a downfall to the AUD. In technical terms, price seems to respect the short term support and the 38.2 Fib Level, and also bounces off the long term support found in the Monthly time frame.. We are also at the bottom of an uptrend trend line that has started in the daily time frame. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Long
by SniperFXFree
1
Breakout Identified in AUDJPYThe Breakout Opportunities system has just sold AUDJPY at 74.762. The system recommends entering this trade at any price between 74.493 and 74.857. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.235, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 75.141 and a profit target has been set at the 1 Day ATR level at 73.686. 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: 72412 Time Issued: Tuesday, 07 July 2020 02:45:15 GMT Status: open Entry: 74.493 - 74.857 Limit: 73.686 Stop Loss: 75.102
Short
by FXCM
3