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Aussieyen

AUS/JPY descent through diagonal support, going bearish?Hi. Plotted on the 1D chart is a diagonal support line. It has recently been broken. On it I've also pointed out the near crossing of the Ichimoku conversion line and base line. The MACD is also turning away from its signal line in a downward direction and if the trend continues is will also soon pass the top line of the Williams. In the 4h chart the MACD and WIlliams is not as indicative of a downturn but instead the Ichimoku shows a recent crossing into a red cloud which is indicative. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
Short
by Kabeldon
AUDJPY - A break to either direction!!AUDJPY - Trade Idea! Technical view: Support: 84.215, 83.880, 83.515, 83.375, 82.975 (Keep an eye on 50EMA) Resistance: 84.760, 84.940, 85.460, 85.915 Pattern: Wedge Technically we within a small range at this current moment of time. A break to either direction to next support or resistance zones. Add alerts to make it easier to trade either direction! Fundamental: Major move from the market this week will be done by FOMC this week, keep an eye on dot plot. Interests rates will most likely be left unchanged. Other factors to keep in mind - Yields. Bonus: I got given a question privately which I feel will help a lot of people How do you trade cryptocurrencies? As we had the great momentum towards upside. The reality is - It's very easy to add the same analysis you are doing within FX - just break out strategies and transfer it to a mostly retail driven market to cryptos. I use the same strategy on most assets I trade. If you're trader already within FX, transferring this skill should be easy there is no need for extra fancy costly courses, given by great sales people. The only thing you will need to go in-depth research into where and what exchange you'd like to trade from, researching coins you're interested in and making sure if you do trade within your broker they are regulated. I trade mostly futures. Follow your own trade plan. Have a great week ahead, Trade Journal (Just a trade idea, not a recommendation)
by Trade_Journal
AUDJPY - Great R/R Trade Idea!AUDJPY Technical view: Pattern: Descending wedge Support: 80.185, 80.005, 79.815, 79.605 Resistance: 80.520, 80.660, 80.845 Bearish Confirmation Below: 80.185 How to approach the trade idea: - Follow your trade plan - Add an order where you think a confirmed break below would be - Checking the sentiment of the market for further conviction - Wait for break out, and trade the pull back Fundamentals: ECB : I don't think there will be any significant movement within ECB meeting there are few areas I will be keeping an eye if mentioned: - Biden ( inflation factors) - Political stance in Italy - Extension of lockdowns - Vaccination - Exchange Rate of EUR Jobless Claims : Wall street Vs Main street. I've had few people message in past weeks and days questions along lines of: How do you keep going even when the trade is against you? & How did you not quit? My answer: Be humble enough to let your ego go within trading, that's what a stoploss is there for, journal your trades to know what went wrong follow your own trade plan you don't always need multiple amount of indicators, stay disciplined to become the trader you want to become. It's not an over night success - I like the quote: First they ignore you, then they laugh at you, then they fight you, then you win. The reality is - The market owes you nothing at all, and the best set up are those you have the patience with rather than rushing into. Surround yourself with community (Network) around you not social media community but a professional community, that most likely will cost. All the best, Trade Journal (Just a trade idea, not a recommendation)
by Trade_Journal
AUDJPY - Which way? AUDJPY - We've had get bullish momentum for a while...! Let's go through some important fundamentals announcements: JAPANESE PM ABE HAS RESIGNED DUE TO HEALTH REASONS. Now, that drove increased yen and the indices, due to pressure occurring. Technical aspects of AUDJPY: We are in a wedge formation, looking at daily chart. Long term channel bullish Bears in control: If we exit out of this channel and wedge - wait for pull back to see if it isn't a fake break out and then take the trade going down to the next support areas. Bulls in control: We exit the wedge formation towards the upside, again wait for the pull back to re-test the wedge then taking the trade towards the next resistance areas or targeting the channel area of resistance. All the best, Trade Journal. (Remember just a trade idea, not a recommendation!)
by Trade_Journal
AUDJPY | Ascending Triangle Formation..!!#AUDJPY (update) In 1D Time frame, AUDJPY has been forming Ascending Triangle Pattern. At the Moment, It's Facing Major Horizontal Resistance (76.770) & On the Verge of Breakout As Well. Now, There Are two Possible Scenarios, 1- If Bulls Cleared the Major Horizontal Resistance, Expecting Upside Breakout 2- If Trendline of Triangle Broken, It Might test the Major Support (72.660) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
by Faibik
4
AUD/JPY looking bullish asfHope you all enjoyed your 330 pips combined on my aussie trades last week!. Here is my outlook for what is next to come. So the bottom purple zone was resistance but has been absolutely rekt so now we look to come back down to retest it (confluence one), The two purple trend lines shows a wedge which has been broken so we also look to come back and retest this area (confluence two), The cyan trend line is actually a weekly trend line that goes all the way back to Feb 2018...This trend line I found to be the best fitting for 2 years worth of data it has been tried and tested multiple times in the past two years proving it to be valid although it doesn't look valid on the lower time frames, the fact that it has stood the test of time and we have now broken it (significantly) this week we look to come and retest it now because it's been around for so long it provides extra strength to my trade if it comes down to retest it and then close above it (confluence three). The fibs are being respected on the 61 level but we have the 78 just below which lines up great with our analysis (confluence four). I haven't included it because the chart looks a bit messy to me already but if we take a trend line from the most recent high and follow the trend down it creates a very tight descending wedge with the cyan trend line (confluence 5). The possibility of getting stopped out is always their so please trade at your own risk and this isn't financial advise, make sure you use proper risk management 1-3% especially on yen pairs as you can loose money very quickly with them. My bias will only change if we break the bottom purple trend line, retest it and close below it. Happy Sunday
Long
by XHRISTIE
No one talking about the broken daily wedge?!Sorry for the mess, I HATE MESSY CHARTS but their is a lot going on right now...No one seems to be talking about this broken and retested daily wedge. I will not be taking any trades on this pair until after the daily closure. If we close above the yellow resistance trend line then we potentially have 78.00 on the cards. I wouldn't be short on this pair until the red line has been broken and closed below so right now it's no mans land. I have put the fib to the side to stop anymore mess but the 61 and 78 have been touched so we know look to the extensions for completion. Trade what you see not what you want. aussie has been on a mad one but I don't believe it's done yet. my last two aussie/yen trades I got stopped out but I took one on monday which I didn't post which took around 250 pips. Yen pairs can grow your account massively...I trade with a minimum 1:3 r:r Loosing a few times in a row doesn't matter when your risk/loss is tiny compared to your tp/wins...when i closed out my trade yesterday I gained back my loss and grew my account by almost 30%. When you learn to sit back and wait for the market to come to you that is when you will see consistency.
by XHRISTIE
AUDJPY COMING INTO A HIGH SENSITIVE SUPPORTEnding last week we speculated price moving with high bearish momentum to Key Level of Support but before price reaches this level, it has to break its minor consolidation support before we can begin looking for bullish opportunities at Key Support. Previously what price action has shown us at our Key Level of Support is Buyers Entering the Market with High Momentum therefore we will keep an eye out for reversal confirmations, unless price begins to break Higher Highs.
Long
by RiosTrades
1
AUDJPY TREND CONTINUATION OR REVERSAL????Looking at a possible trend continuation on the AussieYen, we are in a major downtrend which leads me to believe that price made it this far below for the 3rd time, price may very well reject off it's previous swing low and continue to our Daily Support. Let's say price does continue short and price rallies at our support, we can then find Bullish reversal confirmations using a Consolidation Breakout Strategy with compliments of multiple time frame confluence, being patient and allowing the market to present us with more confirmations such as reversal candlestick confirmation in higher time frames and showing us buyers are entering the market thus not allowing price to drop lower.
by RiosTrades
AUD/JPY HEAD AND SHOULDER PATTERN!!!Price Action (Technical Analysis): 4 hour time-frame we find price forming an Advanced Breakout Pattern. Price is consolidating at our Key Support Zone so we expect an exhaustion from price pushing down heavily to this rally. 1 thing we have in mind is that buy orders will be entering into this zone because of historical data shows us that this pair is buyer sensitive in this range. Reward calculation is presented on the chart which is ironically a few pips shy of our key retracement level for this downtrend. (61.8%) However, if price continues short breaking below our left shoulder, this trading idea becomes invalid and we will find our next idea with more appropriate market conditions. Fundamental Analysis: None.
Long
by RiosTrades
AUDJPY - Buying dips.Trade Idea Broken out of the channel formation to the upside. There is scope for mild selling at the open but losses should be limited. Bespoke support is located at 75.10. We have a 50% Fibonacci pullback level of 75.10 from 73.93 to 76.20. Expect trading to remain mixed and volatile. We look to Buy at 75.10 Stop: 74.80 Target 1: 76.10 Target 2: 76.35 Trade ideas & daily market report July 9th 2019 Market highlights Reduced expectations of aggressive Fed easing continued to support the US currency during Monday, although ranges were narrow. Equity markets lost ground as expectations of aggressive Fed rate cuts declined further. Demand for the yen and Swiss franc weakened slightly as US bond yields edged higher with the Euro also unable to make headway. Gold prices also declined as bond yields increased and the dollar maintained a firm tone. Oil prices gained some support from Iran tensions, but failed to hold gains. Commodity currencies were unable to make headway amid a solid US currency tone with Sterling also losing ground. Bitcoin pushed above $12,000 which helped trigger further buying.
Long
by Signal_Centre
AUDJPY - Buying dipsTrade Idea Broken out of the channel formation to the upside. There is scope for mild selling at the open but losses should be limited. Bespoke support is located at 75.30. Further upside is expected although we prefer to set longs at our bespoke support levels at 75.30, resulting in improved risk/reward. Expect trading to remain mixed and volatile. We look to Buy at 75.30 Stop: 75.00 Target 1: 76.30 Target 2: 76.75 It’s a US holiday today so expect quieter markets today.
Long
by Signal_Centre