We hope that our analysis can help you in your trading. This is an update for AUD/JPY, it is predicting for PRICE BREAKOUT. It would be a great idea to BUY on 88.824 and place your TARGET at 89.322
We see a correction of minimum 200 PIPS. We take Short position from the current level. Let's Watch !!
Sell below 88.83. Stop loss at 89.35. Take profit at 87.65. Reason for the trading strategy (technically): Price has broken a really nice ascending support-turned-resistance line triggering a bearish move. We prepare to sell below 88.83 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 87.65 support (Fibonacci...
Sell below 88.92. Stop loss at 89.35. Take profit at 88.17. Reason for the trading strategy (technically): Price has dropped nicely from yesterday and we remain bearish below 88.92 resistance (Fibonacci extension, Fibonacci retracement, Elliott wave theory, bearish divergence) for a drop towards 88.17 support (Fibonacci retracement, horizontal overlap...
Sell below 89.31. Stop loss at 89.66. Take profit at 88.15. Reason for the trading strategy (technically): We prepare to sell below major resistance at 89.31 (Multiple Fibonacci extensions, swing high resistance) for a push down to at least 88.15 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 97%...
Sell below 88.15. Stop loss at 88.60. Take profit at 87.52. Reason for the trading strategy (technically): We remain bearish looking to sell below 88.15 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 87.52 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support). RSI (34) sees long term...
We see AUDJPY approaching to retest the trendline. 1.Either a bounce off the trendline to reach new highs or a clean break for a trend reversal. 2. Neutral Bias for now. Keep watch. "Risk Management is your best indicator"
Sell below 89.11. Stop loss at 87.52. Take profit at 89.61. Reason for the trading strategy (technically): Price is testing major resistance at 89.11 (Fibonacci extension, swing high resistance) and we expect to see a reaction off this level for a drop to at least 87.52 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) has...
Sell below 88.26. Stop loss at 88.68. Take profit at 87.27. Reason for the trading strategy (technically): Price is approaching major resistance at 88.26 (Fibonacci extension, Elliott wave theory) and we expect to see a reaction off this level for a drop to at least 87.27 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) has been...
Possible short opportunity after a successful close under our white line in 4hr TF.
Buy above 85.60. Stop loss at 84.88. Take profit at 86.97. Reason for the trading strategy (technically): Price is right on our buying area. We remain bullish above major support at 85.60 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we look to buy on weakness at this level for a bounce to at least 86.97 resistance (Fibonacci...
Wait for the price to break above the trend line and make a retracement/pullback (as shown in figure). Follow me on Twitter: twitter.com Like me on Facebook: www.facebook.com
Hi Seildev here Area of interest to short around 85.05~85.21 - Almost reaching topside resistance channel since 1st/May - Possible double top? 2nd/May and 15th/May shows double top down to 260 pips gains - 85.00 psychological number - 85.00 respected support and resistance historically - 61.8% fib approaching for potential reversal Target 1 @ 83.857 Target 2...
SORRY team for the messy chart. Was doing some deep analysis. I've noticed the following: AUDJPY has failed the 85 quarter point AUDJPY has failed to pass the previous high AUDJPY has failed to pass the 38.2 FIB LEVEL AUDJPY has formed a descending wedge Target is 84. Trailing stop of 250 points after you're ~35-50 pips in profit. Expect a strong support bounce...
Sell below 85.06. Stop loss at 05.25. Take profit at 84.38. Reason for the trading strategy (technically): Price is approaching major resistance at 85.06 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction from this level for a drop to at least 84.38 support (Fibonacci retracement, horizontal overlap support). Stochastic...
One of the possible direction for AUDJPY . Let's see how it's played it self out.
Sell below 84.70. Stop loss at 85.71. Take profit at 83.90. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and is fast approaching our profit target. We remain bearish below 84.70 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 83.90 support (Fibonacci...