AUDJPY, 4hr tf, sell on ichimoku confirmationHello my friends,
Today i got trade ideas for AUDJPY pairs.
This pair just came to my forex screener as there are some confirmations that have to be fulfilled for sell postion.
All the confirmations needed are:
1. Price making lower low and lower high
2. Price break below the kumo and holding below it
3. Kumo cloud are red colored
4. Parabolic SAR switched to above the price indicating selling pressure
I am not selling this pair right now as it is not offering a good RR ratio right now
Wait for price to retrace a bit before entering sell
Sell AUDJPY 77.10
Stop loss 77.70
Take profit 1 @76.45
Take profit 2 @75.60
Use only 1-2% risk
Good luck
Audjpysell
AUDJPY - sell biasedHi all traders,
by now, u would have made alot of pips just following this pair of AUDJPY. Congratulations on it.
Now for the next setup for AUDJPY.
Im looking for the close below the trend line.
IF the trend line is broken.
I am gonna look for further weakness in this pair till we reach the next support.
Plan your trade nicely and you should be able to scoop tons of pips from this idea.
Follow me on tradingview.
Like and share with all your friends of this idea.
**Disclaimer: All trade ideas are of my own personal view. It's not a financial advice. Thanks!**
Cheers everyone!
AUD/JPY could MOVE DOWN!Hey tradomaniacs,
after previous fakeout to the topside AUD/JPY could continue its correction to the downside.
These fakotus after often a move by institutional traders to liquiddate the retailers in order to have enoug liquidity for their oen positions.
JPY is overall strong due to the previous news aswell as DXY which is still moving upwards.
Market is pretty choppy and indecisive so be carefully trading!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
AUDJPY D, reversal pattern forming.AUDJPY has made multiple hits to this Daily resistance zone over the past few months. Once again price has returned to this zone and we see some signs of rejection. In addition, price appears to be forming an ascending flag pattern which is often followed by a bearish breakout. If price does continue to respect this zone over the next few weeks or months, we can look out for a breakout into a sell. There will be other possible short term trades before this happens but this setup once it plays out will be a really nice sell.
Note: if this does not happen, we can see price break through this Daily resistance zone and continue buying.
AUDJPY SELL OR LONG?*ENG*
- Price reaching our stress zone.
- We are expecting some confluence around this zone.
- If price breaks, look for longs.
*PT*
- Preço a atingir a nossa stress zone.
- Estamos a aguardar alguma dificuldade e indecisão do preço nesta zona.
- Se o preço quebrar, procurar por entradas em long.
Trend reversal in AUDJPY?AUDJPY could be creating a tripe top formation after price failed to break the 76.90 resistance level. AUDJPY has also dropped below the supportive trend line that I have drawn in my chart.
If price stays below this supportive trend line then it will likely that AUDJPY will continue to drop.
AUDJPY - New StructurePrice has now broken out of the respected ascending trendline and reached our first level of interest, we now expect to see price continuing to the downside. If you are patient, you may see a pullback into the marked structure, this may be a great opportunity to get involved in a sell position.
64% are net short according to the IG Client Sentiment
62% are short according to our COT source.
AUDJPY / SELL IDEAOn the chart we see price has broken the trendline and hit its key support level where it was rejected - It is a key level as we can see multiple rejections on the chart if you look further back
It then retraced to the trendline and was rejected again
Once price has broken support we can look for sell entries to the target shown on the chart
AUDJPY - SHORT {500pip Swing}With a clean double top on the daily and a new lower high just formed, we can now expect a sell to at least 50% of the mini bullrun that started on this pair since around the 18 of March 2020. We have a bearish divergence on the MACD from an indicator perspective and a supporting trendline currently holding price, a break and retest of the trendline would initiate a sell off on the AUDJPY. Stops are 120pips for a Take profit target of 500pips
AUDJPY - SELL OPPORTUNITYAUD - BEARISH
1️⃣ Australia's Victoria state Premier confirmed a record 723 additional coronavirus cases and announced that face masks are now mandatory across the state, while there were later comments from Australian PM Morrison that the coronavirus spike in Victoria state is very concerning.
2️⃣ Consumer prices in Australia declined by 0.3% year-on-year in Q2 2020. This was the first drop in consumer prices since Q3 1997.
3️⃣ All major economic data RBA is negative.
4️⃣ Weaker-than-expected domestic data, which showed that Building Approvals fell to an eight-year low in June.
JPY - BULLISH
1️⃣ The Japanese Yen gains as accelerating coronavirus infection rates continued to dampen hopes of recovery for the United States economy.
2️⃣ The recent escalation of diplomatic tensions between the world's two largest economies forced investors to take refuge in traditional safe-haven assets.
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Technical
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- We looking to short #AUDJPY on SBR level + SMA 50 area.
- AUDJPY in bearish zone.