💡Don't miss the great sell opportunity in AUDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (83.33).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 49.
Take Profits:
TP1= @ 83.03
TP2= @ 82.67
TP3= @ 82.50
TP4= @ 82.34
TP5= @ 82.15
SL: Break Above R2
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Audjpyshort
Waiting for the reductionDescription :
After a strong and long uptrend, it has been sideways and now tends to decline
As we can see, the peaks are respectively lower than each other
If the minor support we see breaks with strength and stabilizes below it, we can announce the beginning of a downward trend.
There is also a cross between MA 20 and 50 clusters.
In this situation, it is better not to look for a long position and consider shorts.
AUD/JPY SELL 📉👋 Hello and welcome traders to another trade idea with Fobian
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👉 WE are waiting for conformation:
- We have triangle formation and waiting price to break it.
- EMA's give us SELL signal.
- Trendline is broken.
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AUDJPY Trading Idea.G'day, Guys.
Today we looking for another bearish movement for AUDJPY.
Based on Daily Time-frame, this pair I still positively seen that AUDJPY changing direction into Bearish.
Today We looking for a Sell Zone between 83.152 to 83.382 with a Stop Loss of 83.693 and a profit target of 82.194.
The main reason for this short is because based on Higher Timeframe chart formation and current conditions on both countries' financial data.
Let's see what happens next.
AUDJPY top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.
AUDJPY COULD PULL BACK SHORT TERMAfter a short bullish wave from this pair last week, we see how price is reacting to the resistance of 84.000, with the two daily candles closing as dojis.
We could a short term fall incoming this week. Be careful though that the trend is up.
React to price.
Trade Safe.
AUDJPY SUPPLY 5mIt isn't too late to get in on this. I see another possible sell entry at bottom of this distribution range, which will be greater confirmation. I just don't see price giving up all of that liquidity (green arrow with $ sign). If the institutions behave like, well, institutions, they will drop to take all that money and can quite possible give a 1:9.
AUDJPY, 4hr tf, textbook example of Elliott WaveWe saw a textbook setup of Elliott wave principle.
Wave-iii stop exactly at 1.618 fibonacci extension and price then retrace for wave-iv.
We could see wave-iv stop retracing any time soon. As price now facing EMA-50 as resistance.
We still need protective stop loss to play it safely so we will use 84.00 as our stop loss because there is where wave-i located.
Sell AUDJPY 83.60
Stop loss 84.00
Take profit 81.70 (4.75R)
Use only 1-2% risk
Good luck
14 June: AUDJPY could see a bounce hereHi everyone! Looking to play a small bounce on AUDJPY here, in line with our bullish view on the bigger time frames. On the daily time frame, prices are holding above the ascending trend line and we could see a further upside from here. When we look at the H4 time frame, prices are testing the 78.6% retracement as well where we saw a slight bounce above this level. Going down to the H1 time frame and taking a retracement of the last move, we can see that prices are pulling back to the 78.6% retracement where we could see a bounce here, in line with the entry level. Stop loss is placed slightly lower than the previous low and our take profit target is at the -27.2% retracement. What are your thoughts on AUDJPY?