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Audjpysell

AUDJPY dropped perfectly as forecasted, prepare for a bounce Price has dropped absolutely perfectly as forecasted and has reached our major support level. A strong bounce could occur at this major support level 88.43 (Fibonacci retracement, horizontal overlap support) which could drive price up towards 89.03 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 2.6% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
2
AUDJPY profit target reached perfectly, prepare for a bounceBuy above 88.37. Stop loss at 88.11. Take profit at 89.01. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and reached our profit target perfectly. We look to buy above major support at 88.37 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 89.01 resistance (Fibonacci extension, horizontal swing high resistance) once again. Stochastic (34,5,3) is seeing support above 4.5% and 10% where we expect a corresponding bounce.
Long
by MEX_Exchange
1
AUDJPY experiencing major resistance, potential upcoming drop!Price is now testing major resistance at 89.00 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and a potential major reversal could occur at this level to push price down towards 88.43 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
AUDJPY testing major resistance, prepare for a dropSell below 88.98. Stop loss at 89.22. Take profit at 88.41. Reason for the trading strategy (technically) Price is testing major resistance at 88.98 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and we expect to see a strong reaction off this level to push price down towards 88.41 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 96% where further bearish momentum is expected.
Short
by MEX_Exchange
2
AUD/JPY (17/1/18) *Slightly BearishWe had a strong sell down last week and sort of recovered. It indeed shows that the bulls are not ready to give up just yet. We have a typical strong resistant awaits near 87.8 to 88.7. So, I expect this level will be a good resistant for any bounce up. I am Slightly Bearish at this moment. Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Sonicr Mastery is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
by SonicDeejay
5
AUDJPY dropped perfectly, remain bearish for a further dropSell below 88.43. Stop loss at 88.70. Take profit at 87.24. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area yesterday before bouncing above our ascending support line. This ascending support line would need to be broken to trigger a strong bearish move down. We still remain bearish looking to sell below major resistance at 88.43 (61.8% Fibonacci retracement, Elliott wave corrective structure) for a drop towards 87.24 support (Fibonacci extension, horizontal swing low support). RSI (34) sees major descending resistance line acting as resistance to push price down from here.
Short
by MEX_Exchange
1
AUDJPY testing resistance, remain bearishSell below 88.28. Stop loss at 88.70. Take profit at 87.24. Reason for the trading strategy (technically): Price continues to test major resistance at 88.28 (ABC Fibonacci extension, 50% Fibonacci retracement, Elliott wave corrective structure) and we remain bearish below this level for a drop towards 87.24 support (Fibonacci extension, horizontal swing low support). RSI (34) sees major descending resistance line acting as resistance to push price down from here.
Short
by MEX_Exchange
1
AUDJPY forming a nice reversal pattern, remain bearishSell below 87.89. Stop loss at 88.47. Take profit at 86.69. Reason for the trading strategy (technically): Price is forming a nice reversal below 87.89 resistance (Fibonacci retracement, Elliott wave structure, triangle formation) and we expect to see a nice break out from here to push price down towards 86.69 support (Fibonacci retracement, horizontal overlap support). RSI (34) is right on pullback resistance where we expect a corresponding drop.
Short
by MEX_Exchange
AUDJPY dropping perfectly as expected, remain bearish looking Sell below 87.89. Stop loss at 88.47. Take profit at 86.69. Reason for the trading strategy (technically): Price has continued to drop strongly as expected after breaking our major ascending support line. We remain bearish looking to sell below 87.89 resistance (Fibonacci retracement, horizontal overlap resistance, Elliott wave structure) for a further drop to at least 86.69 support (Fibonacci retracement, Fibonacci extension, horizontal support). RSI (34) remains in a descending channel and is approaching pullback resistance.
Short
by MEX_Exchange
2
AUDJPY has broken our support triggering a bearish moveSell below 88.46. Stop loss at 89.21. Take profit at 86.69. Reason for the trading strategy (technically): Price has finally broken our ascending support and overlap support at 88.46 to trigger a strong bearish move. We look to remain bearish and sell on strength below 88.46 (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 86.69 support (Fibonacci retracement, horizontal support). Our next intermediate support level to watch out for is 87.62. RSI (34) is now in a bearish descending channel and we expect this to continue till it finds new support.
Short
by MEX_Exchange
AUDJPY setting up for a strong reversal, prepare to sell Sell below 88.46. Stop loss at 89.21. Take profit at 86.69. Reason for the trading strategy (technically): Price is starting to reverse below strong resistance at 89.21 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we need to wait for a confirmation to go short on this trade. Price would need to break our ascending support line and also support at 88.46 (Fibonacci retracement, horizontal overlap support) to trigger a bearish move from here towards 86.69 support (Fibonacci retracement, horizontal support). RSI (34) sees major bearish divergence vs price signalling that a reversal is impending. We can also see a bearish exit as a precursor that a reversal on price is impending.
Short
by MEX_Exchange
1
AUDJPY testing major resistance, remain bearishSell below 88.09. Stop loss at 88.71. Take profit at 86.69. Reason for the trading strategy (technically): Price continues to test our major resistance area at 88.09 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and we remain bearish looking for a drop towards 86.69 support (Fibonacci retracement, horizontal support). Stochastic (55,3,1) is seeing major resistance at 99% and is starting to drop nicely.
Short
by MEX_Exchange
1
AUDJPY continues to test resistance, remain bearishSell below 88.09. Stop loss at 88.71. Take profit at 86.69. Reason for the trading strategy (technically): Price has reached our selling area and continues to test major resistance at 88.09 (Fibonacci retracement, horizontal swing high resistance). We expect a strong drop from this level towards 86.69 support (Fibonacci retracement, horizontal support). Stochastic (55,3,1) is seeing major resistance at 99% and is starting to drop nicely signalling a further drop could be expected.
Short
by MEX_Exchange
AUDJPY continues to test major resistance!Price continues to hover and test our major resistance at 88.04 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to push price down towards 86.20 support (50% Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below our 97% level of resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
2
AUDJPY testing major resistance, time to go shortSell below 88.09. Stop loss at 88.71. Take profit at 86.69. Reason for the trading strategy (technically): Price is testing major resistance at 88.09 (Fibonacci retracement, horizontal swing high resistance) and we expect a strong drop from this level towards 86.69 support (Fibonacci retracement, horizontal support). Stochastic (55,3,1) is seeing major resistance at 99% and is starting to drop nicely signalling a further drop could be expected.
Short
by MEX_Exchange
AUDJPY reversing nicely below major resistanceSell below 86.67. Stop loss at 87.34 Take profit at 84.69. Reason for the trading strategy (technically): Price has started to form a really nice reversal pattern with bearish divergence being formed. We look to sell below major resistance at 86.67 (Multiple Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to at least 84.69 support (Fibonacci extension, horizontal swing low support). Stochastic (55,3,1) is seeing major resistance below 98% where we expect a corresponding drop from. We’re also seeing bearish divergence vs price signalling that a reversal is impending.
Short
by MEX_Exchange
5
AUDJPY Bollinger Band Spike, New Downtrend PossibleHi traders, I have my trade on break-even after we moved lower once the 1H candle closed (my entry is at the first spike, green candle) and now I am anticipating a break of the support area marked in orange. Once this breaks, I will lock in some profits and very likely add to a 2nd position, depending how everything forms. Be aware that trading Bollinger Band spikes require many rules and putting to break-even usually should not take longer than one candle after it went into your predicted direction. For more information simple head to my Telegram group which is free to join. t.me (This is not a trade recommendation!)
Short
by MyChildTradesBetterThanYou
AUDJPY Quick reversal to the downside after support breakHi traders, Bollinger Band Spikes give me the best trades but even if we have multiple spikes here, they are not valid for me. I look at the price action, the angle of the spike, previous support/resistance areas and so on. Taking every Bollinger Band spike blindly will get you in a lot of trouble. We also see a slight RSI Divergence. In this chart, I am waiting for a clean break to the downside, breaking the support area, then entering after the candle has closed. (This is not a trade recommendation!)
Short
by MyChildTradesBetterThanYou
AUDJPY right below major resistance, remain bearishSell below 86.67. Stop loss at 87.34. Take profit at 84.69. Reason for the trading strategy (technically): Price continues to rise towards our major resistance area. We remain bearish looking to sell below 86.67 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance) for a push down to at least 84.69 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,3,1) is seeing major resistance below 98% and we expect a corresponding reaction off this level.
Short
by MEX_Exchange
1
AUDJPY approaching major resistance, remain bearishSell below 86.67. Stop loss at 87.34. Take profit at 84.69. Reason for the trading strategy (technically): Price continues to rise towards our major resistance area. We look to sell below 86.67 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance) for a push down to at least 84.69 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,3,1) is seeing major resistance below 98% and we expect a corresponding reaction off this level.
Short
by MEX_Exchange
1
AUDJPY rising nicely from our buying area, remain bullishBuy above 84.78. Stop loss at 84.39. Take profit at 86.13. Reason for the trading strategy (technically): Price has continued to rise nicely from our buying entry. We remain bullish above 84.78 support (Fibonacci retracement, horizontal swing low support) for a further rise to at least 86.13 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). Stochastic (55,3,1) is seeing strong support above 1.4% and has good upside potential following the recent bounce.
Long
by MEX_Exchange