Audjpyforecast
AUD/JPY and IMPORTANT levels Hey tradomaniacs,
AUD/JPY is currently at a very crucial Key-Level and could either go down or up from here on. In both cases we would get a very nice entry.
More details in the chart!
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Peace and good trades
Irasor
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AUDJPY: good SHORT opportunityOur view on AUDJPY for today
Entry 76.02
SL 76.305
TP 75.63
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AUDJPY TRADE IDEAAUDJPY - See a pennant structure forming here. Will be waiting for a breakout of this pattern before entering a position. Currently near a strong hourly, and 4 hourly resistance level as well, so if we break upside, and break above the resistance we can look to add more positions.
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
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AUDJPY H1 SHORT PRICE ACTION FORECAST Price trading with the drawn ascending channel and recently testing the resistance level from the channel the price is heading towards the support level. The price structure forming LH allows the setup of a short play with the following characteristics.
The order:
Type: buy-limit
S/L: 17 pips - R:R | 1:2 -
T/P: aiming towards the support level
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AUDJPY / ANOTHER WEDGE!? 3000 PIPSIf we take a look at the chart previously once price broke support it made a rising wedge pattern and then fell through the floor.. I could be reaching BUT i see the same thing happening.
Looking to short to support, waiting for confirmation of a breakout
AUDJPY shortAs I'm writing this I'm already sitting in a break even trade, but I think we have a possibility to test 72.50 area for stop loss hunting. Looks like it on that daily. Also my TDI indicator gave me a fine signal when I was entering.
AUD/JPY, next Impulse will occur very soon!AUD/JPY got bullish after this beautiful correction. Right now, I expect strong Bullrun for all JPY quotes. But AUD/JPY should be one of more aggressive ones.
AUDJPY - SELLPrice bounced off support but once it breaks its a sell to the green area
It has tested this level several times today and im expecting a break tomorrow which should start a change in trend
AUDJPY - SELLPrice has now reached a key level of support, once broken it will be a sell to the green area
We can see in this chart price has tested this area several times last week before bouncing off, i believe we can get a few more short buys in before it starts to fall
ALWAYS wait for confirmation before jumping in!
AUDJPY - SELL
SL - 74.427
TP - 71.418
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
