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AUDJPY trade ideas

AudJpy- Good shorting opportunity of 500 pipsAfter an upward reversal in early August and a higher low in mid-September, AUD/JPY continued climbing to reach a local high around 102. However, the pair has since stalled in this area, entering what appears to be a distribution phase. Currently, it seems to be testing a critical support level around 100. A successful break below this level could signal an accelerated downward move. A medium-term target for this decline is around 95, with an interim support level at 98—an attractive target for traders who are not so patient.
Short
by Mihai_Iacob
Mastering Fibonacci ChannelsFibonacci Channel: A Tool for Identifying Potential Trend Levels The Fibonacci Channel is a powerful technical analysis tool that advanced traders use to identify potential support and resistance levels within a trend. This tool is particularly useful in trending markets, such as Forex and equities, to gauge price movement and pinpoint strategic entry and exit points. The Fibonacci Channel consists of a series of parallel lines plotted using Fibonacci ratios (such as 0.382, 0.5, 0.618, etc.). These lines help traders mark key areas within a price trend that could indicate a potential reversal or continuation. How to Use the Fibonacci Channel 1. Identify Start and End Points: Begin by identifying the start and end points of a trend that you want to analyze. 2. Draw the Channel Lines: Next, draw a trendline between the two points. The Fibonacci levels are then plotted as parallel lines above and below this trendline, helping traders visualize potential levels for price to reach or retrace. 3. Interpret the Lines: The plotted Fibonacci levels act as potential areas of support and resistance, providing traders with strategic points for entry or exit. For example, price movement reaching the 0.618 level often suggests a high probability of either reversal or trend continuation. Using the Fibonacci Channel allows you to take advantage of market psychology embedded in these ratios, helping you make more informed decisions in a trend-driven market.
Education
by habib75rajabi
Topside wicks, sagging momentum suggests AUD/JPY break may stickAUD/JPY looks primed for downside. The price has broken the uptrend it's been sitting in since late September. RSI (14) is trending lower with the bearish signal confirmed by MACD. And one look at the topside wicks above 101.00 suggests sellers are lurking and unwilling to budge. If the price manages to close beneath the uptrend, you could sell with a stop above for protection. To make the trade stack up from a risk-reward perspective, the 50-day moving average or 98.04 are potential targets. Good luck! DS
Short
by FOREXcom
30/10/2024 - AUDJPY LongAUD/JPY - Long Trade Plan Trade Details: Entry: 100.438 (Order Block) Stop Loss: 100.240 Take Profit: 100.630 Risk-Reward Ratio: 1:1 Reason for Trade: Entry is based on an Order Block (OB) identified on the chart, suggesting a potential bounce from this support zone. The plan is detailed in the accompanying chart, including key levels for entry, stop loss, and target. Disclaimer: This is for educational purposes only and not financial advice. Please conduct your own analysis before trading.
Long
by Unknown_Trader007
AUD Gets a Pullback . Are We just Before The Big Move up ? AUD/JPY Analysis: First of all, we can agree that AUD/JPY OANDA:AUDJPY is overall bullish. However, after reaching the order block at the current levels, we might see a price retracement after a rejection. Historical performance suggests that we could experience a pullback later this week. JPY Strength: The JPY PEPPERSTONE:JPYX seems to be gaining strength, at least for now. Market Structure: We’ve got a swing CHoCH (Change of Character) on a higher time frame, indicating that a pullback before a continuation of the upward trend seems to be the right approach. Gold Correlation: Gold TVC:GOLD is also at its highest, and a potential price pullback could align with the expected retracement in AUD/JPY. Short-Term Outlook: Short Position: In the short term, a pullback presents a good shorting opportunity for AUD/JPY. We just got to The golden Fib level Had a Bearish Liquidity grab and got the minor reversal signal on the Oscillator Matrix. would be great to confirm the structure change on the lower Time Frame Long-Term Outlook: Long Position: Long term, the overall bullish trend remains intact, so longs are still the preferred direction. For a major short, we would need to see the price reach significantly higher levels than where it is now.
Short
by GlebalTrader
Bullish bounce off pullback support?AUD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance level which acts as a pullback resistance. Pivot: 100.10 1st Support: 99.49 1st Resistance: 101.38 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
AUD/JPY continue with the UptrendOn AUD/JPY , it's nice to see a strong buying reaction at the price of 100.610. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
AUDJPY, poised for massive recovery! 1000 pip prospect.AUDJPY went on a winning spree this year, creating new ATH week after week before finally meeting a saturation point from its last peak at 109 levels. As with any parabolic behavior, gravity must play out and it did. The pair corrected with so much weight, trimming down 1500 pips of its recent highs. Now based on recent daily data metrics, AJ is bound for massive recovery as it is hinting reversal queues already. Double bottom has been registered. A retraced to 78.6 fib level on its weekly metrics should warrant an upside reversal play. Major order block at the current price zone should converge a good amount of net buyers. This key area is at the most overextended bargain area already fibwise. Ideal Seeding opportunity at the current price. Spotted at 95.0 Target is previous peak at 109.0 TAYOR.
Long
by JSAL
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