AUDJPY trade ideas
AUD/JPY For Bearishyou can go short now
or
wait for pullback at red arrow and go short
- General Trend is Down
- AUD under pressure
- JPY Strong than AUD
have fun :)
AUDJPYA break out the bullish triangle, The pair is sure giving a reversal signal.
Expecting an upward correction.
leave a like, comment tell me what you think?
AUDJPY Technical View; Multi Time Frame BreakdownHey Traders,
Previously I discussed the continued long term choppy market present on the AUDJPY.
Following this, and a minor fall, we can observe and analyse for future moves.
Watch for more.
AUDJPY30.07.24 | AUDJPY | Buy at 101.50 SL 101.10 TP 102.40 and 103.10 Status Active
after a sell-off this pair is in in recovery mod
AUDJPY shows strength after a price drop of 1200 pipsAUDJPY shows strength after a price drop of 1200 pips
The price broke out of a bullish triangle pattern thus increasing the chances of a bullish wave.
Tomorrow we have the BOJ decision on interest rates and the market expects the BOJ to raise rates.
However, it may not happen as many are already expecting.
AUDJPY is showing a clear reversal signal after 1200 pips down.
Generally, this upward correction is required in this situaion, as shown in the chart.
I will share later a more details analysis on JPY pairs.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Beginning of the AJ Bull's END?!Here I have AUD/JPY on the Daily Chart!
Beginning in March of 2020 to what seems to be the new High @ 109.372 in July of 2024, we have seen the end of the 5th Wave of Elliot's Impulse Wave!
With Prices steep decline to the new LOWER LOW @ 99.209, knocking out the Low of June and Testing the Low of May, these are the conditions needed for what could potentially turn into a Correction Wave!!!
The Sellings have BEGUN!
-You can see that the RSI after this enormous drop in price Breaking Lows ( Structure) is now operating under the 50 mark & Oversold!
-The BB Trend is now printing Red Bars showing signs of Bears in the vicinity!
Where might Price go??
-If 99.209 is our True Lower Low we will be working with, I suspect price will make a STRONG retracement!
*Potential Retracement Levels*
( 103.091 - 103.691 ) - Golden Zone
( 104.291 - 105.490 ) - 50% / 38.2%
-Fundamentals-
*Uncertainty of BOJ decision mixed with the suspected COOLING of inflation on AUD may be just the catalyst we need to see this pull off!
AUD - CPI q/q & y/y - Tuesday, July 30th
JPY - BOJ Policy Rate - Tuesday, July 30th
AUDJPY ShortBased on the longer timeframe analysis I have done before, I do anticipate that this currency can continue with its bearish momentum.
Let us wait for the price to retest the zone, so that we can have a clear entry position.
AUDJPY IndecisionThis price has been having a bearish momentum and for the last day, there was a doji candle, which indicates an indecision.
I anticipate that the momentum will continue, provided that the candlestick that follows next does not close above the doji candle.
An analysis using a smaller timeframe will follow.
AUDJPY FOREX 1H TIME FRAME DATE 7/28/2024Sentiment Analysis (July 27, 2024):
Intraday Sentiment: 39% bearish, 61% bullish
Daily Sentiment: 13% bearish, 87% bullish
Overall Sentiment: The sentiment is strongly bullish, suggesting a favorable outlook for buying opportunities.
Upcoming Economic Events and Trading Recommendations:
Tuesday, July 30, 2024
03:30 AM ET - Australia Building Permits MoM (Preliminary)
Expectation: 0.70%
Recommendation: Buy AUD/JPY
Wednesday, July 31, 2024
03:30 AM ET - Australia Monthly CPI Indicator & Retail Sales MoM
Recommendation: Buy AUD/JPY
Thursday, August 01, 2024
01:00 AM ET - Australia Judo Bank Manufacturing PMI Final
Expectation: PMI expected at 49.00
Recommendation: Sell AUD/JPY
03:30 AM ET - Australia Balance of Trade (June)
Expectation: 8200 Million AUD
Recommendation: Buy AUD/JPY
Friday, August 02, 2024
03:30 AM ET - Australia PPI QoQ
Expectation: Producer Price Inflation expected at 0.60%
Recommendation: Buy AUD/JPY
Tuesday, July 30, 2024
01:30 AM ET - Japan Unemployment Rate
Expectation: 2.70%
Recommendation: Sell AUD/JPY
Wednesday, July 31, 2024
01:50 AM ET - Japan Retail Sales YoY
Expectation: 1.50%
Recommendation: Buy AUD/JPY
Thursday, August 01, 2024
02:30 AM ET - Japan Jibun Bank Manufacturing PMI
Expectation: PMI expected at 51.50
Recommendation: Sell AUD/JPY
Pattern Review for Ascending Triangle AUD/JPY on 30m.Pattern Formation
- Ascending Triangle: The green dotted lines form an ascending triangle pattern, which typically indicates a bullish continuation. The horizontal resistance line is around 108.545, and the rising trendline provides support.
- Head and Shoulders: There appears to be a smaller head and shoulders pattern within the ascending triangle, which can indicate a potential bearish reversal if it plays out.
Volume Profile Analysis
- High Volume Nodes: There is a noticeable high volume around the 108.3 level, suggesting strong buying interest in this area.
Price Action Analysis
1. Top Right (1-Month Candle Chart):
- Trend: The monthly chart shows an overall uptrend with a series of higher highs and higher lows.
- Candlestick Patterns: Recent monthly candles are predominantly green, indicating sustained bullish momentum.
2. Mid Right (2-Week Candle Chart):
- Trend: The 2-week chart shows a more detailed view of the uptrend, with recent consolidation near the 108.500 level.
- Candlestick Patterns: Mixed candlesticks with both bullish and bearish pressures, but recent candles suggest a bullish bias.
3. Bottom Right (Weekly Candle Chart):
- Trend: The weekly chart shows a clear uptrend, with the price consistently making higher lows.
- Candlestick Patterns: Recent green candles indicate a continuation of the bullish trend, although with some signs of consolidation.
Disclaimer
This analysis is provided for informational purposes only and should not be considered financial advice. Trading financial instruments involves risk, and you should perform your own research and analysis before making any investment/trading decisions. Always consult with a professional financial advisor.
AUD/JPY 1D // 27 July 2024 AnalysisWe can see that AUD/JPY has been on an uptrend on the daily timeframe.
If the price rejects from the trendline as well as the area of support/resistance marked, we can look for potential buys.
The 97.500 level has also been marked on the chart as it is an important level.
AUD/JPY Buy Trade OpportunityAttention Traders!
Here's an exciting trade setup for the AUD/JPY currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains.
Trade Details:
Buy Range: Enter the trade when the price is between 105.40 and 105.50
Profit Targets:
First Target: 107 Set this as your initial level to take some profits.
Second Target: 107.50 Aim for this level to maximize your returns.
Key Points to Consider:
Entry: Ensure you enter the trade within the specified range of 105.40 to 105.50 to optimize your potential profits.
Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 107 to secure initial profits and aim for 107.50 for additional gains.
Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position.
This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management.
Happy Trading!
AJ LongsWeekly Low has been swept and pretty far below a daily.
Now we look for short term Longs.
OANDA:AUDJPY
AUDJPY Potentially bearishOANDA:AUDJPY had a cool bullish run on the H4. Looking at it from the TA angle, we have seen a sharp drop around the daily key resistance area plus we have seen some shift with the new lower highs and lower lows gradually setting in. #AUDJPY just might drop to the 104.639 area.
AUDJPY: Time For Pullback
AUDJPY may bounce from a key daily structure support.
After its false violation, the price formed a double bottom pattern
on an hourly time frame and broke its neckline.
Looks like the market is too oversold and it may bounce to 101.35 resistance.
❤️Please, support my work with like, thank you!❤️
AUDJPYclear path forming for AUDJPY LONGS. Watch price on smaller time frame near my entry zone for longs. maintain the stop loss just in case.
AUDJPY H1At the bottom of the chart appears the true value of the AUD and the true value of the JPY.
Since July 11th,
The AUD has been LOSING value
+
The JPY has been GAINING value.
= AUD against JPY has been trending.
AUDJPY: ITF CURVE ANALYSIS (1D) - (DOWNTREND)CONSERVATIVE -SL @ 109.70
SLO1 @ 109.11 ⏳
AGGRESSIVE -SL @ 108.60
MO @ 108.45 - TRIGGERED
SSO1 @ 108.301 ⏳
SSO2 @ 108.131 ⏳
SSO3 @ 107.917 ⏳
TP1 @ 105.646
TP1a @ 103.50 (secret TP)
TP2 @ 102.331
TP3 @ 100.158
BLO1 @ 99.637⏳ (SET PRICE ALERT)
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
SL = STOP LOSS
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
DISCLAIMER/NOTE: THIS IS NOT FOR EVERYONE! I'm posting to test my own trading abilities/skills and to have accountability. Plus I want to see it work out (& want you to see it as well). As you can see, I have an aggressive negative stop loss (-SL) and a conservative -SL for my SLO. Proper position sizing will make this trade a good opportunity if my analysis is correct. The R:R is enormous on this one, no matter which one works out..... let's see what happens.
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
AUD JPY heading to strong support?Hi Guys,
All the .../ YEN pairs have had massive selloffs recently. It seemed like just press sell button over last two weeks and you make money, quite the inverse of the last few months.
AUD / JPY was one of the pairs that went on a massive bull run from May this year and is currently heading towards a possible strong support area where it took off last time around.
The highlighted yellow box with the thick black line is that zone and it contains an unmitigated daily order block (19 April red hammer candle) from which we may see a strong bounce.The thick black line is the 1.618 retrace from the recent high (point B) to the order block zone (Point C) of the daily support that was not respected at all (Point A). Most of the other YEN pairs actually tested similar zones around MAY this year and we know what happened from there. AUD/JPY did not retrace as much from the APRIL high and left this order block untested. The big players likely have orders to fill here. With the selling pressure being so intense up to this point it will be interesting to see if it is respected, although in saying that, big moves come from exactly this type of price action heading into order block zones.
The 200 DMA is hovering around this zone as is an important AVWAP from July 23 lows. Possible scenario could be an undercut of the 200DMA and reclaim of that before moving up. Daily RSI is deeply oversold (levels not seen for a while for this pair).Lower timeframe setups using candlestick pattern, chart pattern, CHOCH BOS etc could present with nice risk to reward trade with stop loss being just under order block zone.
Safe trading all
Potential Bullish Trend for AUD/JPY: Support Level CrucialHello Everyone,
There has been a significant drop in AUD/JPY, surpassing our previous targets for this currency pair. The bullish outlook now looks increasingly appealing. However, this view will only be validated if the daily support level remains intact.
TradeWithTheTrend3344
