D-Rod
Short

Aud Jpy & correction underway

FX_IDC:AUDJPY   AUSTRALIAN DOLLAR / YEN
334 7 13
  • China trade balance came out bad.. correction is underway
  • -Aud unemployment expectations ticks up by 0.2 from 5.8
  • be careful around China Gdp & Industrial Production release
Comment: Aud CPI Q/Q expectations is bad & this pair is at the top of the channel.. GREAT Time 2 short. click the play button 2 see where price is at & don't mind the false prediction of this as the news release didn't go as expectations
Comment: Sold at 85.66
Comment: perfect example of finding reversal point by using volume ; chart --->
perfect example of reversal signal on voume
Comment: BOJ Monetary statement ---> http://www.boj.or.jp/en/announcements/release_2016/k160428a.pdf

Outlook for Economic activity & prices --> http://www.boj.or.jp/en/mopo/outlook/gor1604a.pdf
Comment: Took 305 pips =)
Comment: Will be looking 2 buy in especially after Aud statement
Comment: sold off the release & exited with + 110 pips
Hey man, thanks for the chart analysis as always. What about the BOJ possible influence with the negative interest loans etc? Do you think that will have an effect with JPY pairs this week?
Reply
D-Rod DamonDavies
they are going 2 wait it out.. a BOJ member said last month there is no reason why the JPY is appreciating from an economic standpoint. With that being said.. they need more time 2 evaluate if negative rates are working. they even said it themselves..they need see the some results or something along that line. id get out b4 it though.
Reply
Ahh I see, knew I could rely on your fundamental insights! Its at the TL, do you have a short position or are you waiting for a couple of bounces?
Reply
Wowcha mate, were you on that drop last night? :)
Reply
D-Rod DamonDavies
Yea man. Been on this since the top of the channel
Reply
Thank yu for this on e D-Rod
Reply
D-Rod Callaghanind
anytime my man. all in the pleasure of taking from the banks lol
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