Attachments: AUD/JPY

AUD/JPY

#1,221
Feb 16, 2015 11:16am Feb 16, 2015 11:16am

leveraged
| Joined May 2011 | Status: Trader | 161 Posts

the AJ to me looks very range bound the last few days.(Last week particularly) I suspect some massive move to come. But of course which way is impossible to tell.
I gather this should be the pair to trade this week.

news items this week which should make this pair massively move:

Aud - Monetary minutes
Jpy - BOJ meeting and Monetary policy statement

#1,222
Feb 20, 2015 4:18pm Feb 20, 2015 4:18pm

ZiggyHarper
| Joined Jan 2015 | Status: Trader | 2 Posts

Hi I'm A swing / range trader usually trade the 1Hr 4Hr Charts, & am no expert in TA im curious of what you make out of the charts below

i see very often in forex it looks to breakout and does break the resistance buy quite a few pips then stalls i dont know what to make out of it and it happens quite often on many pairs

what do you make of this chart this is current Feb 20 2015

Attached Image (click to enlarge)

Click to Enlarge

Name: questionable breakout feb 20.png
Size: 304 KB

#1,223
Feb 20, 2015 4:45pm Feb 20, 2015 4:45pm

nappenbir
| Joined Oct 2012 | Status: Trader | 49 Posts

https://www.tradingview.com/v/nVzmiz2r/

#1,224
Feb 21, 2015 12:17am Feb 21, 2015 12:17am

Kingofkings
| Membership Revoked | Joined Feb 2015 | 208 Posts

Technical Analysis for AUD/JPY

Attached Image (click to enlarge)

Click to Enlarge

Name: AUDJPY.jpg
Size: 341 KB

All Praise The King of kings and Lord of lords Cuong V Truong

#1,225
Feb 22, 2015 12:44pm Feb 22, 2015 12:44pm

suwandiwu
| Joined Aug 2014 | Status: Trader | 7 Posts

Quoting nappenbir

Disliked

https://www.tradingview.com/v/nVzmiz2r/

Ignored

I still prefer to buy this pair

Attached Image (click to enlarge)

Click to Enlarge

Name: 20150223_AUDJPY.jpg
Size: 139 KB

#1,226
Feb 24, 2015 7:41pm Feb 24, 2015 7:41pm

js5020
| Joined Mar 2008 | Status: Trader | 267 Posts

Anyone else shorting from the 93.40 area?

#1,227
Feb 24, 2015 7:57pm Feb 24, 2015 7:57pm

Erebus
Joined Jul 2011 | Status: Gold Again | 10,557 Posts

Quoting js5020

Disliked

Anyone else shorting from the 93.40 area?

Ignored

Maybe on the way back down I'll have a look at it

It takes a lot for me to IGNORE you, but you can try.

#1,228
Mar 1, 2015 3:53am Mar 1, 2015 3:53am

Decima
| Joined Jan 2015 | Status: Trader | 283 Posts

With this pair I`ll be looking for a short entry in the coming week.

The pair has been in a slightly bullish trend for the last four weeks. This is a secondary trend and the overall trend is bearish. First resistance is met at price around 94.00. If this breaks the pair could climb another 50 pips where it will encounter an area of resistance at around price 94.50.

I have bearish divergence in the relationship between price (EMA21) and my indicator (EMA21). When an entry signal is received I will go short on this one.

If the pair goes short, we will find support areas around 92.30, 91.70, 90.80 and 89.60.

Within both short scenarios (short from the two resistance areas) we will be able to acchieve good risk:reward ratios at a minimum at 1:3 before encountering the first area of support. SL will be set to above 50 pips for each scenario. If the pair goes short from around the 94.00 area SL will be set to above 94.50. As with a short move starting from the 94.50 area, the SL will be set above 95.00.

There are fundamentals coming for both currencies during the whole week, with the ones for AUD expecting to make the most impact. There are som major market movers from the AUD this week. They could trigger big moves.

Dependant on your R:R ratio the time horizon could be from a day to above a week on this trade.

Happy trading

Do not let the cost of being wrong, exceed the prize of beeing right

#1,229
Mar 1, 2015 5:58pm Mar 1, 2015 5:58pm

alayinizAMK
| Joined Nov 2014 | Status: Trader | 1,140 Posts

Attached Image (click to enlarge)

Click to Enlarge

Name: Chart_AUD_JPY_Hourly_snapshot.png
Size: 21 KB

#1,230
Mar 2, 2015 8:55am Mar 2, 2015 8:55am

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

Quoting Decima

Disliked

With this pair I`ll be looking for a short entry in the coming week. The pair has been in a slightly bullish trend for the last four weeks. This is a secondary trend and the overall trend is bearish. First resistance is met at price around 94.00. If this breaks the pair could climb another 50 pips where it will encounter an area of resistance at around price 94.50. I have bearish divergence in the relationship between price (EMA21) and my indicator (EMA21). When an entry signal is received I will go short on this one. If the pair goes short, we...

Ignored

Very good analysis!

Elliott Wave for optimum entry, exit and risk management of trades

#1,231
Edited 4:29am Mar 3, 2015 4:18am | Edited 4:29am

Decima
| Joined Jan 2015 | Status: Trader | 283 Posts

Entered short pos at 11 o`clock at price 93,61.

SL set to 94,025.

R:R 1:2 is encountered at around 92,75.

R:R 1:3 at around 92,35.

R:R 1:10 at around 89:35.

http://i.imgur.com/4bvmfGy.jpg

Do not let the cost of being wrong, exceed the prize of beeing right

#1,232
Mar 6, 2015 8:45am Mar 6, 2015 8:45am

Forexpcb
| Commercial User | Joined Feb 2015 | 329 Posts

Just went long AUD/JPY and am stayin in until the 108.00 level.

#1,233
Mar 6, 2015 10:16am Mar 6, 2015 10:16am

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

AJ only just completed the time consuming wave iv correction and resuming down trend - expecting to make new low in the coming weeks.

Attached Image (click to enlarge)

Click to Enlarge

Name: AUDJPYH4 5Mar15.png
Size: 36 KB

Elliott Wave for optimum entry, exit and risk management of trades

#1,234
Mar 7, 2015 5:57am Mar 7, 2015 5:57am

Decima
| Joined Jan 2015 | Status: Trader | 283 Posts

Quoting skyhok

Disliked

AJ only just completed the time consuming wave iv correction and resuming down trend - expecting to make new low in the coming weeks. {image}

Ignored

I think you are going to nail this one. I completely agree with your analyse on this pair. We use different methods but the end result shows the same thing.

The pair fails to beat the resistance at 94.00. The uptrend line and this resistance is forming a squeeze/wedge on the price. Things could be volatile when this happen. The picture below shows this:

http://i.imgur.com/eYx3L7h.jpg

Also for my system I have a strong short divergence on the pair. This is the main reason why I believe the pair won`t be able to break the resistance. The below picture at the 4h TF shows this:

http://i.imgur.com/DkgUvgU.jpg

The 1h TF shows that the pair will go north before it starts the short movement.

http://i.imgur.com/T1vY3EL.jpg

Still i don`t believe the resistance at 94.00 will break if it is tested. If price will go this high again I don`t know. It might settle for the EMA21 line.

My opinion hasn`t changed since last week. I belive it is all about timing the entry for this one..

Trade well

Do not let the cost of being wrong, exceed the prize of beeing right

#1,235
Mar 10, 2015 8:43am Mar 10, 2015 8:43am

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

Quoting Decima

Disliked

{quote} I think you are going to nail this one. I completely agree with your analyse on this pair. We use different methods but the end result shows the same thing. The pair fails to beat the resistance at 94.00. The uptrend line and this resistance is forming a squeeze/wedge on the price. Things could be volatile when this happen. The picture below shows this: {image} Also for my system I have a strong short divergence on the pair. This is the main reason why I believe the pair won`t be able to break the resistance. The below picture at the 4h...

Ignored

Again your analysis is well founded.
It's trending down well towards the bottom of the ending diagonal , while, like you mentioned, it might come back up 61.82% for a 2nd chance entry for some longer term trades. SL at 93.82 just in case.

Attached Image (click to enlarge)