Audjpytrade
AUDJPY Harmonic BAT Pattern Analysis and StrategyWe are currently trading the 4th leg of the harmonic Bat formation on the 1 hr chart. Price action has recently broke through a resistance level become support and confirming our direction and predicted completion of the 4th leg. OANDA:AUDJPY
AUDJPY Long Trade IdeaWe have finally seen AUDJPY break out of a huge consolidation. I am waiting for AUDJPY to drop just a little further back into demand which is also where we have broke through our consolidation upside. I think we could see a nice long-term buy all the way up to around 82.000 .
Very clean cut and dry analysis. There is not too much else to really look at with this pair. This is a trade IDEA and keep in mind this may not play out.
AUDJPY - Short OpportunityPrice is in a strong downtrend in higher periods, found a resistance area along with a downtrend line, leaving us a strong bearish pin-bar. Price broke the consolidation at lower time-frames to the down side, came back to the retest, and is now, possibly, starting a new fall. I`m going short after the price loses the lowest price of the last 4h candle.
AUDJPY SELLRight now the pair is in some consolidation but I expect it to go down to 81.28 level which is kind of a support region.
AUDJPY SELL.
Keep it simple.
Cheers :)
AUDJPY: WEAK BUY SIGNALSIGNAL: LONG issued on 09/18/18.
TARGETS: Dashed gold lines with 1st @84.630 for an approximate 295 pips.
STOP: 78.675
Fib Extensions: 1 - 2.618 (Solid Blue lines)
Signal Strength: Weak. Watch for correction.
AUDJPY 2618 TradeAUDJPY 2618 Trade
Wait for price pull back to 80.35 - 80.42 are and short
This will be a 0.618 pull back
AUD/JPY shortFX:AUDJPY On H4 chart price bounced resistance area. Sell signal: bearish engulfing. Looking to going down. Selling is now good option.
AUDJPY Harmonic pattern! SELLOpen order with %2 Risk Management
Close Half at TP1, Stop to BreakEven
Close all at TP2.
Keep it simple. Cheers :)
AUDJPY: Double Top or Not?Seeing these two highs at the same level on the AUDJPY tends to attract speculation about whether or not this is a double top pattern. But no matter how you look at it, the fact is we don’t have enough information to make that call one way or the other.
What we can do is stay patient and use price action to signal what’s likely to happen next. If this does unfold as a double top, the 85.80 handle is the level to watch. It’s going to take a daily close (5 pm EST) below it to confirm the reversal pattern.
However, we may not have to wait that long to find out. A daily close below the 87.80 support area would be an early sign that sellers have regained control. It would also expose neckline support at 85.80.
On the other hand, a daily close above 89.35 would suggest that the next leg higher is underway. It would expose the November 2015 high at 90.70, which is an area that had previously served as support in late March and early April of the same year.
Although we don’t know the outcome just yet, one thing did catch my attention during yesterday’s session. The measured objective for the possible double top formation lines up perfectly with the current 2017 low at 81.50.
Whether that’s of any significance is, of course, yet to be determined.
Bearish outlook AUDJPYPossible short opportunity after a successful close under our white line in 4hr TF.
AUD/JPYHi Seildev here
Area of interest to short around 85.05~85.21
- Almost reaching topside resistance channel since 1st/May
- Possible double top? 2nd/May and 15th/May shows double top down to 260 pips gains
- 85.00 psychological number
- 85.00 respected support and resistance historically
- 61.8% fib approaching for potential reversal
Target 1 @ 83.857
Target 2 @ 83.079
Safe trading everyone
AUDJPY dropping perfectly towards profit target, remain bearishSell below 84.70. Stop loss at 85.71. Take profit at 83.90.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and is fast approaching our profit target. We remain bearish below 84.70 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 83.90 support (Fibonacci retracement, horizontal pullback support).
Stochastic (89,5,3) is seeing strong resistance below 90% where we expect a further drop from.
AUD/JPY Buying Opportunity @ Confluence of SupportLast time, the AUD/JPY trade did not qualify. But it's better to be in the sideline rather than loosing right? This time, the trade is already qualified . We can enter now.
Confluence of Support:
# Equidistant Channel Support.
# Multiple Bullish Harmonic Pattern Support.
# Pitchfork Support.
Confirmations for Entry:
# MACD Regular Bullish Divergence.
# Stochastic RSI is "Over Sold"
My Facebook Page: www.facebook.com
AUDJPY profit target reached perfectly, prepare to buy again forBuy above 82.94. Stop loss at 82.54. Take profit at 83.66.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly from yesterday. We remain bullish looking to buy above 82.94 major support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, ascending support line) for a push up to at least 83.66 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (21,5,3) is also seeing strong ascending support holding price up really well.
AUDJPY approaching major resistance, prepare to sellSell below 83.48. Stop loss at 83.93. Take profit at 82.80.
Reason for the trading strategy (technically):
We prepare to sell on major resistance at 83.48 (Fibonacci retracement, Fibonacci extension) and expect a strong reaction from that level to drive price down to at least 82.80 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below the 91% level where we expect a further drop from.
Correlation analysis: Overall JPY strength is expected today with drops on AUDJPY and USDJPY. Furthermore, we expect AUD weakness with a drop on AUDUSD expected too.
AUDJPY approaching profit target perfectly, prepare to sellSell below 82.94. Stop loss at 83.22. Take profit at 81.92.
Reason for the trading strategy (technically):
Price has bounced off our buy entry perfectly yesterday and has risen strongly towards our profit target. We prepare to sell below major resistance at 82.94 (Fibonacci retracement, horizontal resistance) for a push down to 81.92 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing strong resistance below the 93% where we expect a drop from soon.
AU-Yen*pun intended*
With the continuing decline of the Aussie despite the higher ups of commodities, the pair has been struggling to push to the upside against a safe-haven currency. The same is occurring with AUDCHF considering that the Swiss Franc is also a safe-haven currency.
Last trading session, the AUDJPY pair formed an inside pin bar which may suggest a further decline of the pair. The weakness of the Aussie can also be seen on several pairs except AUDUSD due to the huge sell-off of the Dollar.
Yen is back! (?) Part IISeveral Yen pairs have formed inside bars which may suggest a reversal of the trend. However, some are already on the decline like my previous trade analysis: EURJPY.
AUDJPY approaching profit target, remain bearishSell below 83.83. Stop loss at 84.23. Take profit at 83.21.
Reason for the trading strategy (technically):
Price has continued to drop towards our profit target really nicely. We remain bearish below 83.83 resistance (Fibonacci retracement, pullback resistance, horizontal overlap resistance) for a further drop towards 83.21 support (Fibonacci retracement, horizontal swing low support).
Stochastic (89,5,3) is seeing good downside potential towards 4%.
