Bullish flag in AUDJPY PAirBullish flag continuation pattern observed in AUDJPY Pair. There is no divergence, so there is a strong chance of bullish pattern continuation.
AUDJPY trade ideas
AUDJPY Analysis (2nd May 2024)
AUDJPY Analysis
On the 1 Hour timeframe, price has rejected off a high probability orderblock and coming lower after a strong rejection off the orderblock.
There are 2 scenarios i am looking at:
1) Price comes down and breaks the most recent higher low at 102.204 to look for a break and retest on the 1 hour to continue shorting.
2) price to respect the 1 hour OB and create a 5/15 minute change of character before looking for confirmations to long.
It is important to take into account what the JPY Basket does as it tells us how strong or weak the yen is.
BUY AUDJPY for uptrend continuationBUY AUDJPY for uptrend continuation
STOP LOSS : 100.57
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
LONG TRADE IDEA ON AUDJPYprice has been showing a strong bullish momentum breaking the highs and making higher highs, technically we're in strong bullish trend and now there's a probability of price retracing lower in other to keep pushing higher.
DISCLAIMER: This is not a financial advice, just my own perspective. trade with caution.
AUDJPYA breakout strategy is a popular trading strategy used in financial markets, especially in technical analysis. It involves identifying key levels of support and resistance on a price chart and trading the subsequent breakout from those levels. Here's how it generally works:
1. **Identifying Support and Resistance**: Traders first identify significant support and resistance levels on a price chart. Support is the level where the price tends to find buying interest, preventing it from falling further. Resistance is the level where the price tends to encounter selling interest, preventing it from rising further.
2. **Waiting for Breakout**: Once support and resistance levels are identified, traders wait for the price to break out above resistance or below support. The breakout is typically confirmed when the price closes above resistance or below support, preferably on higher than average volume.
3. **Entry**: Traders enter positions in the direction of the breakout. For a bullish breakout (above resistance), they might buy, while for a bearish breakout (below support), they might sell short.
4. **Stop-loss and Take-profit**: Traders usually place stop-loss orders to limit potential losses if the breakout fails to sustain. Take-profit orders are placed to secure profits if the price moves significantly in the desired direction.
5. **Confirmation and Monitoring**: Some traders prefer to wait for confirmation of the breakout by waiting for the price to pull back and retest the breakout level. If the level holds as support or resistance after the breakout, it adds confirmation to the trade. Traders then monitor the trade's progress and adjust stop-loss and take-profit levels as necessary.
6. **Risk Management**: As with any trading strategy, risk management is crucial. Traders should only risk a small percentage of their trading capital on each trade and ensure their risk-reward ratio is favorable.
Breakout strategies can be applied to various timeframes and markets, including stocks, forex, commodities, and cryptocurrencies. However, false breakouts are common, so traders should use additional indicators or confirmatory signals to increase the probability of successful trades. Additionally, it's essential to consider the overall market conditions and factors that could influence price movements.
AUDJPY : REBOUND- The market trades above a bullish trendline since the 19th of April ; The short-term trend is bullish
- Since the bullish acceleration that lead the market to a 5-months high, prices have registered a sharp pull-back.
This bearish correction took the market back to the double support zone : trendline + 50% Fibonacci level.
The Ichimoku indicator still displays a bullish environment : the Kijun line hasn't been broken and remains bullish while the cloud gets thicker.
- Despite the sharp bearish price action that took place since the impact below 104.959, this situation doesn't threaten the bullish trend so far.
The quick reaction of buyers over the 50% zone, below the trendline, contributed to keep the bullish trend alive.
With that in mind, a market rebound to 103.060, 104.959 and beyond stays as the most likely scenario.
Pierre Veyret, Technical Analyst at ActivTrades
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AUDJPY - SHORTAUDJPY - SHORT
AUDJPY its in historical high, its should drop harder or make bigger corrective structure, minimum of 300pips or more then 500+, wait for the sell setup on this level and enter, can use small time frame to enter, risk small and ride all the way. jpy pairs sometimes spick up hard before fall, so always use Stop lost, everyone will be looking for the sell so market makers will make sure all of them out before fall buy sick up hard with wick.
V.Ragu
AUDJPY ready to rebalance No retrace for weeks, calculating previous retracement time and price AUDJPY is WAY over extended, I’m looking to enter on 15M engulfing to confirm, previous range in this area was back in 2013 therefore I’m using 103.5 to 104.50 as my supply / resistance area.
AUDJPY in the first half of 2024A glimpse of the AUDJPY in the first half of 2024
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Swing Sniper Prints 30m Short Signal for $AUDJPYSwing Sniper printed a 30m sell signal earlier today. The price has retraced to test the signal candle. This is also the top of a 4h bullish channel that the price is rejecting off of for the 4th time. Price should drop short from here down to 100 area (green line).
Long-Term Bullish Outlook for AUD/JPY Despite Near-Term DrawbackHello Everyone,
AUD/JPY has exhibited sustained strength over the long haul, but presently, selling pressure is emerging, suggesting a potential pullback towards the weekly pivot point. Nonetheless, the overarching long-term outlook remains optimistic.
TradeWithTheTrend3344
AUDJPY - Bullish TrendAUDJPY is making Higher High and Higher Low. it may continue its bullish trend as per dow theory.
AUDJPY - Bullish TrendAUDJPY chart is printing bullish trend.
EP: 101.665
SL: 100.794
TP1: 102.536
TP2: 103.407
AUDJPY: Short Signal with Entry/SL/TP
AUDJPY
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short AUDJPY
Entry - 101.19
Sl - 101.80
Tp - 100.07
Our Risk - 1%
Start protection of your profits from lower levels
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#AUDJPYIn time H4 and D1, it is moving in an upward channel, which can enter the specified support range to continue the upward trend after the failure of the dynamic trigger. If the green box area is broken, it should enter the reverse position until the bottom area of the channel.
AUDJPY SUPPLY AND DEMAND ANALYSIS UPDATE Price has hit our target as we anticipated. Supply and demand trading methodology
AUDJPY Short Trade Setup A #short trade opportunity recently presented itself on the #aussieyen (#AUDJPY) #trading chart 📉.
This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 100.972 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 98.500 psychological level and possibly testing the strength of the 98.056 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
AUDJPY: Targeting 104.00 Swing Trade, First Target is 101.00AUDJPY price is currently trading within the bullish channel and it is likely to continue being bullish. Both technical and fundamental supporting AUD to remain extremely bullish in coming days whereas Yen is likely to drop heavily in upcoming weeks which will help us to target 101 and then 104. Use accurate risk management to get most of the result.
AUDJPYAussie Inflation is higher than Expected but still lower than this time last year.
So considered a knee jerk reaction that would be why price has fallen towards previous levels quickly.
Traders saw this coming as they been buying AUD all week even though USD has been the strongest and centre stage the last few weeks but they all get a turn eventually even if it's to catch traders off guard they are a cunning lot.
Sentiment is saying it should come down as 97% of Traders are Short top of my Chart and over-extended their target by 101 pips at the moment with down side target of 107 pips away.
Aussie is currently strong at the mo though fly in the ointment
Only 10 pips in it but was away from computer as this all played out, one day EA's galore.
Lets see
AUDJPYAccepting that loss means:
1. Setting clear risk parameters: Defining how much you're willing to risk and sticking to it.
2. Diversification: Spreading investments to minimise exposure to a single asset or market.
3. Position sizing: Managing the size of your trades to limit potential losses.
4. Stop-loss orders: Automatically closing positions when they reach a certain loss threshold.
5. Emotional control: Avoiding impulsive decisions based on fear or greed.
Aussie CPI Follow Up VideoIn this video I explain how to wait for the bullish momentum to stall out to then consider some short selling scalp trades targeting on 10-20 pips.
That's it - That's all
Trade Safe
