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AUD/JPY

Quoting ForexGoose
{quote} looks really bearish at the start of the day today, but it is better to wait anther hour to see if there will be a bounce from 80.7 or if it will go straight to 80
the low was 80.7 followed by a bounce, which will likely be sold
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
While it appears bulls are showing some strength on AUDJPY, I don't believe this will last long. I am looking for an opportunity to short this pair.
You don't know because you don't ask.
Quoting here2there
While it appears bulls are showing some strength on AUDJPY, I don't believe this will last long. I am looking for an opportunity to short this pair.
Personal Opinion. 'Risk On' has already been tanked and RINSED.

2moro, they either retest the lows, and/or RINSE the new bulls with low risk tolerance.

On Wednesday, The Fed won't raise rates, and/or perhaps make 'dovish' comments, which will give them an excuse to ramp Risk On right back up to the shorting levels near the tops of the highs (or beyond the tops of the highs creating new ATHs), in time for the March FOMC meeting, where they will raise rates, and Risk On will tank in earnest.

With that said, hunting a short in AUDJPY on an intraday timeframe, sure, why the hell not! But beyond that, nah...
Something like this could be worth a stab:

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hrmmm
Quoting MatDerKater
With that said, hunting a short in AUDJPY on an...
I already pulled the trigger. My TP is set for 80.913
I will move my stop to BE at 24 pips.
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You don't know because you don't ask.
Quoting here2there
{quote} I already pulled the trigger. My TP is set for 80.913 I will move my stop to BE at 24 pips. {image}
Have this lined up...No entry yet:

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Same idea in CADJPY, but much more appealing trade tbh:

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with much better viable RR.
Quoting MatDerKater
Same idea in CADJPY, but much more appealing trade tbh: {image} with much better viable RR.
Yes, CADJPY does look good for a short.
You don't know because you don't ask.
Quoting here2there
{quote} I already pulled the trigger. My TP is set for 80.913 I will move my stop to BE at 24 pips. {image}
I decided not to wait for 24 pips, and moved my stop to BE.
You don't know because you don't ask.
Quoting here2there
{quote} I decided not to wait for 24 pips, and moved my stop to BE.
BE hit. Out of trade. Looking for the next trade.
You don't know because you don't ask.
CADJPY and AUDJPY going up.
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Quoting Techanalyst
CADJPY and AUDJPY going up. {image} {image}
Go back to EURUSD.
You don't know because you don't ask.
AUDJPY is rallying BEFORE the FOMC announcement along with the rest of Risk On.

That makes me somewhat suspicious about what direction 'they' are going to send the markets when rates decision is revealed.

If they are pushing Risk On back up into the FOMC release......

.......then perhaps they are going to tank it all yet further?
Quoting MatDerKater
AUDJPY is rallying BEFORE the FOMC announcement along with the rest of Risk On. That makes me somewhat suspicious about what direction 'they' are going to send the markets when rates decision is revealed. If they are pushing Risk On back up into the FOMC release...... .......then perhaps they are going to tank it all yet further?
Daily engulfing candles are on the horizon for a number of pairs.
You don't know because you don't ask.
Quoting Techanalyst
CADJPY and AUDJPY going up. {image} {image}
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Nice channel from this pair on 1H looking to short the market soon
hey recently discovered AUDJPY and having been trading it more than any other pair.
I like the way it moves and the $ change per pip.
This pair receives more tick updates per minute than both EURUSD and USDJPY, and as many as 7 to 10 times
more than AUDUSD... wow.
I have a rookie question for you though.
How well does AUDJPY respond to size?
Have you found that if you trade (say) 1.2M units the price action is about the same as 50K units?
I rely on an expensive evaluation function to tell me what to do (takes about a minute to compute) which
results in a high win rate, that's why I tend to trade bigger sizes, hence the above question.
Long on this fella @17

Edit: aim 62-75, SL clos < fig.
Long SL @BE
Closed long at TP +45
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