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AUDJPY trade ideas

AUDJPYHere is my markup for AUDJPY dated 10/06/2024. As expected AUDJPYs growth has had an increase is bearish pressure. Signs of a bearish takeover are emerging, suggesting possible short-term or further consolidation since the impressive rally in early May. After breaking key structure and shifting momentum i can see a big sell off coming and I hope you can see why. Using Fibonacci I have found an extreme area of premium pricing to short from. Firstly targeting the most recent low and eventually the imbalance to the left.
Short
by grnntom
1
AUDJPY to form a higher low?AUDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Pivot support is at 103.00. Risk/Reward would be poor to call a buy from current levels. A move through 103.75 will confirm the bullish momentum. We look to Buy at 103.50 (stop at 103.10) Our profit targets will be 104.50 and 104.75 2,5RR Resistance: 104.00 / 104.50 / 104.75 Support: 103.50 / 103.25 / 103.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
AUDJPY - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDJPY has been overall bearish , trading within the falling wedge in orange. Currently, AUDJPY is undergoing a correction phase and it is currently approaching the upper bound of the wedge. Moreover, it is retesting strong supply zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the green supply zone and upper orange trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #AUDJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
AUDJPY H4Let's break down the analysis of the AUD/JPY 4-hour chart step by step. 1. **Key Levels**: - **Resistance Levels**: - 103.859: This is a significant resistance level, as highlighted by the upper black line. - 103.628: Another resistance level, indicated by the upper red line. - **Support Levels**: - 102.653: This is a crucial support level, highlighted by the lower red line. - 100.606: A major support level, represented by the lowest black line. 2. **Current Price**: - The current price is 103.089, which is marked in the middle of the chart. 3. **Potential Scenarios**: - **Bullish Scenario**: - If the price breaks above the 103.628 resistance level, it could move upwards towards 103.859. - If the price sustains above 103.859, it might continue to rise, aiming for higher levels (not shown on this chart). - **Bearish Scenario**: - If the price breaks below the 102.653 support level, it could decline towards 100.606. - A break below 100.606 would be significant and could indicate further downside potential. 4. **Price Action Analysis**: - The price has been moving within a range between 102.653 and 103.859, indicating consolidation. - There have been previous instances where the price tested these levels, showing their importance. 5. **Arrows and Possible Movements**: - The upward arrows indicate potential bullish movements if the resistance levels are broken. - The downward arrows show potential bearish movements if the support levels are broken. 6. **Market Sentiment**: - The chart suggests a neutral sentiment currently, as the price is within the range and has not broken out decisively in either direction. In summary, traders should watch the key levels of 103.628 and 102.653 closely for potential breakouts. A move above 103.628 could signal bullish momentum, targeting 103.859 and higher. Conversely, a break below 102.653 could indicate bearish momentum, potentially aiming for 100.606.
by Sibonginkosi_Sithole-Job3
**Review on AUD/JPY Sell Setup****Review on AUD/JPY Sell Setup** **Overview:** The AUD/JPY pair has been showing a marked weakness of the Australian Dollar (AUD) against the Japanese Yen (JPY). This setup focuses on a bearish sentiment for the AUD/JPY pair, targeting specific fair value gaps (FVG) in the daily and H4 charts within the discount array. **Technical Analysis:** 1. **Daily Chart Analysis:** - **Trend:** The daily chart shows a strong downtrend, with lower highs and lower lows forming consistently. This indicates a prevailing bearish sentiment in the market. - **Fair Value Gap (FVG):** There is a noticeable FVG in the daily timeframe, indicating an imbalance that the market may seek to fill. This gap provides a potential target zone for the sell setup. - **Support and Resistance Levels:** Key support levels are likely to be tested, and if broken, can lead to further downside momentum. Resistance levels are holding firm, contributing to the bearish outlook. 2. **H4 Chart Analysis:** - **Trend:** The 4-hour chart corroborates the bearish trend seen in the daily chart, with a clear sequence of lower highs and lower lows. - **Fair Value Gap (FVG):** On the H4 timeframe, there are multiple FVGs within the discount array that align with the daily FVG, strengthening the case for a short position. These gaps offer precise targets for taking profit. - **Indicators:** Momentum indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are in bearish territory, supporting the sell bias. **Entry Strategy:** - **Entry Point:** Look for entry opportunities around resistance levels or when price action shows a clear rejection from key levels on the H4 chart. Confirmation can come from bearish candlestick patterns or a break below minor support levels. - **Stop Loss:** A protective stop loss should be placed above recent swing highs to manage risk effectively. - **Take Profit:** Initial take profit targets can be set at the H4 FVG levels, with subsequent targets at the daily FVG. This allows for partial profit-taking while still capitalizing on the overall bearish trend. **Fundamental Analysis:** - **AUD Weakness:** The Australian Dollar is currently under pressure due to various economic factors, including lower commodity prices, weaker economic data, and dovish monetary policy expectations from the Reserve Bank of Australia (RBA). - **JPY Strength:** The Japanese Yen is benefiting from safe-haven flows amid global economic uncertainty. Additionally, the Bank of Japan’s (BoJ) policies and stronger economic indicators support the Yen’s strength. **Risk Management:** - **Volatility:** Be aware of high-impact news events that can cause sudden volatility in the AUD/JPY pair. Events such as RBA meetings, BoJ announcements, and global economic reports can significantly impact price movements. - **Position Sizing:** Use appropriate position sizing to ensure risk is managed according to your trading plan. Avoid over-leveraging, especially in a volatile pair like AUD/JPY. **Conclusion:** The AUD/JPY sell setup presents a promising opportunity given the current technical and fundamental landscape. With the Australian Dollar showing weakness against the Japanese Yen, targeting the fair value gaps in the daily and H4 charts within the discount array provides a structured approach to capturing potential downside moves. As always, proper risk management and adherence to your trading strategy are crucial for success in this setup.
Short
by Asif_Brain_Waves