JPYAUD trade ideas
AUD JPY SHORTOCT #24
Risk 0.5%
TP1 = 1:2 RR
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AUDJPY Analysis-After the full week downside the AUDJPY moved upside with the help of NFP data and reached near the supply zone
-Before moving outside for healthy movement need a small retracement for the next round of upside
-the levels are marked on the chart
-in this situation, both sides move could be possible.
-for the long need to break the 97 psychological mark and for the downside 93.500
AUDJPY Analysis- FXOPEN:AUDJPY Making a lower high on daily TF means it is trying to retest the near-demand zone marked in the chart.
-Every bounce is a long trap/ sell on rising until it breaks the recent high of 95.140 prices.
-It is in the channel. Just sell on rising recommendations.
-All technicals are marked in the chart.
AUDJPY 4 Hour Analysis (21 August 2023)AUDJPY 4 Hour Analysis (21 August 2023)
1. Price is in demand area
2. Also, we can see the price following
a trend line
3. So, if the price breaks the trend like, then
with retest we can go for sell
4. If price respects the demand area, we will go with
buy and first TP will be next base
AUDJPY BUY Trade Idea: AUDJPY BUY Signal
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 2.5
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !
AUDJPY 4 Hour Analysis (1 August 2023)AUDJPY 4 Hour Analysis (1 August 2023)
1. Price is in supply area
2. also, we can see stoch bearish divergence
3. If the price showed any bearish strength
we will enter bearish trade (we can confirm
this using DMI or ADX)
4. If price breaks the supply area, we can
wait for the price for retest before any
bullish trade
AUDJPY 4 Hour Analysis (20 July 2023)AUDJPY 4 Hour Analysis (20 July 2023)
1. Price is inside the pattern, soon we can
expect breakout
2. If the price breaks upside, we can wait for
retracement as the price previously was in
downtrend
3. If the price breaks from downside, we can
enter bearish
4. Also for either side break we have nearest
supply and demand areas, price may respect
these levels.
5. So, we will wait for a proper breakout
then we can enter.