AUDJPY Trading Ideas
1. Price broke the trendline
2. We can wait for retest and can enter
bearish
3. but, we have AO Divergence, that's why
before entering bearish, the market can retest
4. So, we have to wait before entry
Reasons for bearish trade
1. Black trendline is sell side liquidity (meaning market will take out those lows on the trendline)
2. Strong 4hr Supply Zone = Sell momentum
3. Broke highest low = Change of Character
4. Wait for lower high to be formed for sell confirmations
5. IMPORTANT: IF 4HR SUPPLY IS BROKEN, SELL IS NO LONGER VALID
AUDJPY 4 Hour Analysis
1. Price is near supply area
2. We have two important key levels for breakout
3. If price breaks the KL1 then supply
will be converted to demand, we can go
for long
3. If price breaks KL2 and trend, we can
go for short
4. But for either side break, price can retest
So, we have to be careful
AUDJPY Trading Ideas 4 Hour
1. Its in Triangle
2. The price is respecting fib levels
3. For bullish we can wait for
KeyLevel 1 to break
4. For bearish we can wait for
KeyLevel 2 to break
FX:AUDJPY
As you can see that AUDJPY has created an Inverted head and shoulder in 1Hr Time frame, If it gives breakout wait for retest and take entry at buy side. plan your trade accordingly...
AUDJPY has tested the resistance and got rejection from there . There is 4 hr trendline and breaking it can lead to our target which is shown in the chart . Take entry only after confirmation . Stop loss can be put above high's .
price has reached near previous 25 days high, at an important level of 90.15 , if this level is broken than the price can go upto a target of 90.900 and then 91.33. price is above 200 moving average right now if it shows weakness and closes below 200 MA than a short trade can be taken below 89.5 and target of 88.65 can be achieved .
note- trade must be taken...
The Australian Dollar (AUD) against the Japanese Yen (JPY) is an exciting pair for its relation to risk. The pair is often among one of the most highly correlated pairs to price action in US equities on a short to medium term basis. The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off'...
1. Already in month low,
may capture some bullish moments
2. in Daily Chart e can observe a divergence can
be formed.
3. Before any entry we have to analyze the lower
timeframes (for scalping)
The Triple Top is a bearish reversal pattern that can signal the end of an uptrend in a currency pair. The Triple Top usually appears after a strong upward trend in a currency pair, and indicates that the buyers may be running out of steam and the sellers may be ready to take control. This pattern can provide an opportunity for traders to enter into a short...
![AUDJPY: AUDJPY Short Analysis [ Setup ] , Sail it or lose it](https://s3.tradingview.com/7/7RHsA7xX_mid.png "AUDJPY Short Analysis [ Setup ] , Sail it or lose it")
