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AUDJPY trade ideas

#018 DCA AUDJPY ShortI just closed the USDJPY Sell for a small overall profit but I opened the AUDJPY and sold it instead, now. I decided to short the AUDJPY because I realised that some pairs have just broken out of the Minor Consolidation on the 15 Minutes Time Frame, and AUDJPY is one of it. I am entering on a push wave, but if price pulls back and shows and overbought that is lower, I could also DCA at that point. I have also drawn two horizontal lines where I think that price could retrace back to if the push wave isn't strong enough to push price all the way to TP. Besides, the TP size is quite big as compared to my usual TP size of 20+ to 40+ pips I think. This AUDJPY TP size is 140.7 pips. But of course, if price isn't moving much I will close the positions as I deem fit. 2156SGT 02122024
Short
by ProfessionalDuckHunter
2
AUDJPY is Holding After Channel BreakoutHello Traders In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET today AUDJPY analysis 👆 🟢This Chart includes_ (AUDJPY market update) 🟢What is The Next Opportunity on AUDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
AUD/JPY re-entry into an ascending patternHi, dear investors we are revisiting the AUD/JPY pair after the strong support level was broken and the pair went out of structure , making our previous entry as a fail, but as we can see written on the chart we have successfully touched the botom and we have entered and confiremd an ascending pattern - Entry : 97.550 Target 1 : 98.100 Target 2 : 99.500 After we go back in the 99.00 area we will revisit the pair if we can in put our previous strategy and continue forward so we can follow up with the next high targets of 100,101 and finalize at 102 at the upper Resistance Level. As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Long
by DG55Capital
PA #2 : audjpy sell 02/12/24 TRADE 1 : STOP LOSS (-0.78%) 1/ What I did right: - Always looking for the activity, if there is any (only big boys can move the market) - identification of aud and jpy news today but relatively no market reaction - Identification of strong market reaction for buys from CPI news from JPY (29/11) - Identification of market flow which is strong for JPY - Identification of Power (previous session break and day break) which indicates that the big boys made the move: this is my job now. - Right pair selection by choosing AUD which is weak. 2/ What i did wrong: The direction was right, but timing was bad. - This was mainly due to a big difference between the 3 min tf (for entry) and the 1h TF (for job identification). This trade was in fact a 1H+15M trade instead of 15M+3M trade. - Most important mistake: i didn't enter at the break of the money spot but before. I waited for the reaction like yesterday and the failure of the opposite part, but didn't trade at the break of the money spot. 3/ What i will change: - We always enter at the break of the money spot, not before. (and the money spot has to be after the comeback of the buyers and the weakness of the sellers. - Decide in advance the time frame we will choose, if it's a JOB that took place days before, higher time frame will be more suitable. And we won't get lost in the noise. TRADE 2: TP (+0.85%) 1/ What I did right: Same as previous+ - waited for the weakness of the sellers waited for the comeback waited for the money spot 2/ What I did wrong: - Decided to risk only 0.25% after the loss, maybe i could risk 1%( would've got +3% 3/ What i will change: I will wait until the end of the week and check if we should keep safe or go harder based on performance. TOTAL: -0.78% OBJECTIF: +10%
Short
by elpatrondelamafia
Falling towards pullback support?AUD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 95.69 1st Support: 94.30 1st Resistance: 96.92 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
AUDJPY: Channel Up bottomed. Bullish.AUDJPY turned oversold on its 1D technical outlook (RSI = 30.123, MACD = -0.750, ADX = 46.331) as it touched the bottom of the Channel Up. Unlike the price's LL decline, the 4H RSI has formed a Channel Up from oversold range, which is the exact same formation it had after pricing the September 11th bottom. Consequently, we should be expecting the pair to bottom now and start the new bullish wave. The last one hit and even breached the R1 level and then pulled back to the 4H MA50. We are aiming for the same level (TP = 101.550). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
AJ (last couple Decembers is a sell)- per monthly chartsFrom the monthly charts of AJ, last couple of years- December (next month) is a sell. I will be looking for selling opportunities only at this time. Chart attached is weekly AJ chart- which shows a red box from the 90.000 to the 94.000 area which, in my opinion price action will go for the remainder of 2024. At this time price action is around 100.00- so if that happens it is at least a 600.000 pip sell opportunity at this time. Good luck with your trading- stay safe. Please have a great rest of year and god bless.
Short
by Anbat
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 / JPY DAILY BEARISH MOMENTUM TO FOLLOW ? Description AUD JPY on a daily overall looks bullish , but on a biggger scenario it is an pullback on daily level to 50 % of overall bearish momentum of the pair ( look left a big bearish momentum can be seen Jul to sept 2024. ATM the pair has given us a hint on reversal by two way , first a retracement of 61 % and 50 % on daily TF then followed by a good head and shoulder pattern on 4hr level ,signaling us a potential reversal of the pair. Trade can be taken with bearish confirmation on 4hr and 1hr confirmation . Things i look on markets are Market structure SWING IBOS - Break of structure and change of pair character Fractal structure to trade on 4hr and 1hr
Short
by rubinGrg
5
Looking to trade the distribution phase model 1price has been ranging for long enough, after the manipulation of the weekly FVG and close back inside the CLS range I expect the distribution phase to the 50% of the range. This would be my target, Im not in the trade yet. Want to see at least a small pullback. The goal of this post is to show you briefly my unique method of reading the market by understanding CLS. Let's put it all together 🧩 📍HTF Level - Weekly FVG. Nested in Monthly 📍CLS Range Monthly 📍Dropping to the D1 which confirmed change in order flow. And I see potential for downside. Will be looking for an entry on the lower time frame - H1 Follow me if you want to learn more about CLS Trading. What is CLS? You may never hear about them. Find them on Google. This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are market maker - smart money. I have decoded their operational tactics to my advantage. Study this and trade with smart money. Good Luck Dave Hunter
Short
by Dave-Hunter
15
AUDJPY broke the uptrend line. Is it time to sell?The AUD/JPY pair recently made a significant break on the daily chart. The price broke through two significant zones: 1. The uptrend line, which has been supporting prices since August 2024. 2. The sideways range, between 99.70 and 102.00, which had served as a consolidation area for several weeks. These breakouts indicate a loss of buying momentum, with sellers taking control of the market. Currently, the price is at 98.15, below the 50% Fibonacci retracement of the recent upward movement, with the 38.2% retracement (97.44) as the next intermediate support. Bearish Continuation Forecast With the loss of support at 99.70, if the price comes back to the breaking point at 99.50 and it works as a resistance, the downward movement should continue, especially since the breakout was accompanied by a large-bodied daily candle, indicating sellers' conviction. If the price loses the 38.2% Fibonacci retracement at 97.44, the next targets would be: 94.60 - Target projected by the 23.6% Fibonacci retracement, in addition to being a significant psychological zone. 90.00 - A long-term support, marked by the low of the July 2024 bearish movement. This scenario will be reinforced if buyers fail to defend the next support zones. Possibility of Retracement, an Alternative Scenario Although the breakout indicates weakness at the moment, there is a possibility of a pullback to retest the 99.70 region or the broken uptrend line. If price manages to break above this level, there is a chance that the AUDJPY will resume the uptrend. In this case, the short-term targets would be: 102.00 - Former resistance and the top of the lateralization. 104.75 - An important level that acted as resistance in May 2024. For the price to initiate a stronger reversal, a sustained breakout above 100.00 would be necessary, which would cast doubt on the strength of the sellers. The AUD/JPY presents a dominant bearish outlook after the recent breakouts. The next critical zone will be the support at 97.44, which will determine whether the price will continue its downward trajectory or make a pullback to retest the broken levels. This is a crucial time to observe the price reaction at the support and resistance zones, seeking confirmation for both scenarios. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom