AUDJPY: Be ready to SHORT this CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/JPY
⚪ Technical Analysis :
Since the 10th of January 2021, the price has been following a clear descending channel, bouncing few times on its dynamic channel's lines.
Yesterday, the 1st of February, the price reached its dynamic resistance line, getting a nice bearish rejection on that level.
It is currently re-testing the support zone at about 79.700 and the next price action will be essential to understand the next market movement.
🔴 Conclusion :
The price is just in the middle of its channel, around a support zone at about 79.700.
I'm confident to see it having a small correction before falling down through the support zone until its dynamic support line.
I'm already holding a short position but I'll be waiting for the breakout of the support zone before planning my second position around the level 79.400.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
Aud-jpy
AUDJPY 4hour Analysis January 31st, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall price is still very bullish on all major timeframes. We did see a 4hour transition when support at 80.250 was broken but since then price action has been ranging. For us to continue with an overall bullish trend we ideally want to see a break and retest of 80.250 with a confirmed higher low above. Look to target higher toward negative fib level and key resistance.
Trade scenario 2: For us to consider short scenarios we want to see a break and retest of support at 79.600 with a lower high below. Target lower toward major levels of support.
AUDJPY - ShortPossible short opportunity on AUDJPY.
Descending channel making lower lows and lower highs.
A break in the in-channel trend line will call for a shorting opportunity from the 79.95 level down to the 79.15 level.
confirmation of the break will be strong bearish closed 4H candles as well as signals from the MACD and RVI.
AUDJPY breaking the support 🦐After our last analysis on this pair, we check again for the next move AUDJPY.
On the 4h chart, the price is testing and currently breaking the support area.
If the price will break below, according to Plancton's strategy, we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY: SHORT Opportunity on this BREAKOUT! (With Signal)Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/JPY
⚪ Technical Analysis :
Since November 2020, the price has been moving following a clear ascending channel, reaching at the beginning of January 2021 a strong daily and weekly resistance zone at about 80.800 that rejected the price many times in the past.
It failed a double attempt to break through that level and once it got a second rejection, the price collapsed down.
It is currently creating an interesting descending triangle and the next price action around that area will be essential to understand the next market movement.
🔴 Conclusion :
In the daily perspective I can clear see that the price has been moving with a strong bullish impulse since many weeks ago and now that it reached an important resistance zone, I'm confident to see a possible trend correction.
I'll be waiting for a breakout of the support zone at about 79.600 as a confirmation, before planning my short position on this trade.
Once I'll confirm the new downtrend, my first target would be the level 78.750 and my SL on the level 79.950.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDJPY - Trade Idea! Good morning Traders!
Some get excited for the weekend but I get most excited for the Monday mornings! On the weekends I do get up early on Saturday - Morning routine and I did my analysis. I got something special for you this weekend - There will be a video coming out this weekend going through major pairs for the week ahead - We are in for a treat all of us! If you'd like access to the week ahead video - Message privately or simply comment down below.
Technical Aspect AUDJPY 1HR:
Pattern: Descending triangle formation
Support: 79.750, 79.530, 79.230
Resistance: 80.185, 80.275, 80.375
How to approach this trade idea:
- Look for pull back towards the resistance areas taking it down towards the great support areas!
- 50 & 200 EMA are great resistance zones
- Want a better price? Go towards lower time frame perhaps 15Mins chart for intraday trade - finding a what fits your plan to get into a short.
Key Tip: Follow your own trade plan, the analysis I provide you is just a guidance - add your own creative aspects towards trading to add further confluence and confidence.
Thank you for the comments & messages received, really grateful for the great positive trading community!
Have a great week ahead
Trade Journal
(Just trading Idea, not a recommendation)
AUDJPY 4hour Analysis January 24th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we are still very bullish on this pair, however, we saw a 4hour higher low break/transition. For now we will wait for strong bullish setups and higher lows. This pair remains bullish on the daily timeframe as long as price action holds above 79.600. Look to target toward prior highs and negative fib levels.
Trade scenario 2: For us to consider short positions we need to see strong bearish momentum and lower highs below 79.600 & 79.000. Target lower toward significant levels of support.
AUDJPY on a rising wedge? 🦐AUDJPY after our last analysis retest the weekly resistance.
The price created a rising wedge formation near the 0.618 Fibonacci retracement.
According to Plancton' strategy, if the condition will be satisfied, we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Is it time to short?!At the moment, the price is testing two important zones: the horizontal resistance and the channel resistance.
If the resistance level is respected and the next candlestick turns bearish, I believe that we might have the same market behavior as on Jan 8th and Jan 14th.
If you have a different view, please share, I would love to hear your analysis.
AUDJPY 4hour Analysis January 17th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AJ is bullish on all major time frames except the 4hour where we saw price action break a higher low. Now we’re looking for a reversal and established higher low near our 78.6% fib level around 79.600. Look to enter long and target higher toward key resistance levels.
Trade scenario 2: For us to consider short positions we need to see a break and retest of 79.600 with a confirmed lower high. Enter short and target major support levels.
AUDJPY looks likely to have more downsidemore downside to come?Shall see..
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
AUDJPY - Intra day trade Idea!Technical view of AUDJPY: Quick Intraday trade idea!
Pattern: Bearish Flag formation longer term, within intraday - Playing a H&S pattern - Confirmed once broken the trendline up - (Highlighted the key area in Blue)
Support: 80.400*, 80.290, 80.170
Resistance: 80.600*, 80.700, 80.830
200 & 50 EMA - 80.400 is a key support area where it holds the trendline up as well as higher confluence, once broken - It could excel further towards the other support areas highlighted.
Key target areas you could be looking towards - Fib retracement areas of: 0.236 & 0.382
How you could play this trade - Wait for the break out of trendline down, add order in, or wait for pull back once broken out.
All the best,
Trade Journal
(Just a trade idea, not a recommendation).