AUDJPY / SHORT IDEAShort idea for this pair, as we can see price has respected the trendline all the way to its resistance zone
I expect a false move up before coming down to retest resistance and fall
Audjpyidea
AUD/JPY Technical Analysis.Currently, AUD/JPY is trading at 76.26. The price is moving in up trend by making higher high and lower low pattern. The pair may start a new down trend if it breaks the support level at 76.08, likely It is possible that the pair may rebound back after touching support level to continue its up trend. If the pair starts a new down trend after breaking the support level, then its first target price will be at 75.74 and second target price will be at 75.09.
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AUD JPY ANALYSIS & FORECASTAfter what we gave draw we can tell that the market will go down with a very high probability,
Please share with me your thoughts,
Regards
AUDJPY / SELL IDEAOn the chart we see price has broken the trendline and hit its key support level where it was rejected - It is a key level as we can see multiple rejections on the chart if you look further back
It then retraced to the trendline and was rejected again
Once price has broken support we can look for sell entries to the target shown on the chart
AUDJPY to climb from upside confirmation, potential bounce!
AUDJPY to climb from its upside confirmation at 75.924 where it could potentially bounce further to 76.752.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY bounced from support, potential for a further rise!
AUDJPY bounced off 75.257 where it could potentially rise further to 76.068.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY is moving up to the next Supply Zone?This setup maybe will reach the Stop Loss because it's just 10 pips 🤕. But if I'm right, aftertouch the sell limit set up, the pricing will be moving up quickly. Let's see 🤓
AUDJPY - SELL OPPORTUNITYAUD - BEARISH
1️⃣ Australia's Victoria state Premier confirmed a record 723 additional coronavirus cases and announced that face masks are now mandatory across the state, while there were later comments from Australian PM Morrison that the coronavirus spike in Victoria state is very concerning.
2️⃣ Consumer prices in Australia declined by 0.3% year-on-year in Q2 2020. This was the first drop in consumer prices since Q3 1997.
3️⃣ All major economic data RBA is negative.
4️⃣ Weaker-than-expected domestic data, which showed that Building Approvals fell to an eight-year low in June.
JPY - BULLISH
1️⃣ The Japanese Yen gains as accelerating coronavirus infection rates continued to dampen hopes of recovery for the United States economy.
2️⃣ The recent escalation of diplomatic tensions between the world's two largest economies forced investors to take refuge in traditional safe-haven assets.
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Technical
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- We looking to short #AUDJPY on SBR level + SMA 50 area.
- AUDJPY in bearish zone.
AUDJPY, 8hr tf, double top possibility and triangle patternThere is a possibility AUDJPY forming a double top on the daily chart. Price also broken below the ascending trend line which has supported AUDJPY for 4 months.
Taking a deeper look into 8hr chart there is a possiblity of triangle pattern also forming. Price already broken below the support and currently we are on the retest process of broken support.
Sell AUDJPY 75.20-25
Stop loss 75.65
Take profit 1 @74.30
Take profit 2 @73.40
AUD/JPY Technical Analysis.Currently, AUD/JPY is trading at 75.20. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in a down trend in a descending triangle pattern. There is a great possibility that the pair will rebound back from its support level. But if the price breaks the support level at 74.87, then It may start a new down trend and its first target price will be at 74.03 and second target price will be at 73.42.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
AUDJPY, MORE BEARISH MOVES INCOMING?**ENG**
- Price breaking and retesting our 4H supportive trendline, a bearish engulfing would be enough to confirm our short entry.
**PT**
- Preço a quebrar e a efetuar o retest na nossa trendline de suporte, uma bearish engulfing seria necessário para confirmar uma entrada para short.
AUDJPY ANALYSISPrice has broken my marked up zone ,retested and now it's going all the way up. we're going LONG for a 120 Pips TP and a -25 SL
AUDJPY Long Setupprice holding the trend line support and good 8 hour close
risk reward ratio is very low and looks good
Long : 75.300
Stop : 74.776
Target : 75.832 , 76.326 , 76.888
AUDJPY LONGPrice has fallen back to the daily trend line. I can see a bullish bias forming on the 4H + bullish divergence on 1H.
Goodluck :)
AUDJPY potential sell set-up. AUDJPY has rallied strongly and reached the previous high yesterday. However, it is possible that there could be a reversal in this area.
So, watch for bearish price action and sell with 75.50 as TP1 and 74 as TP2. SL can be put at 77.20
The above set-up will be invalid if price closes above the resistance level.
AUD/JPY pull backI am short on this pair from 76.688. I believe we will come back to 75.00-74.88 region...look at chart for analysis.
Always trade at your own risk. This is not financial advice.
AUDJPY, SHORT AT THE DAILY?!**ENG**
Price reaching a major resistance zone at the daily timeframe, we are expecting a rejection of this level followed by a drop to our 38.6% FIB level.
**PT**
Preço quase a atingir a nossa zona de resistência no timeframe diário, estamos à espera de uma rejeição deste nível seguida de uma queda até à zona dos 38,6% do FIB.
AUDJPY short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
AUD/JPY Technical Analysis.Currently, AUD/JPY is trading at 75.97. The pair started a new up trend after breaking the resistance level at 75.07. Previously, the price was trading in an ascending triangle pattern. The pair has already started a new up trend by breaking the resistance level, so its first target price is at 75.98 and the second target price is at 76.54. The price has already touched its first target price and can hit the second target.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat
