FX:AUDJPY   Australian Dollar/Japanese Yen
10 months ago
Even though prices are below KUMO they have just broken a trend line suggesting bullish momentum .

Prices also hold pretty well above the KS (purple line) which is a strong support.

Prices could move to higher levels from here.

tp1: 84
tp2: 85.813

Stop loss should be placed on the KS at around 81.950

Good luck y'all

10 months ago
Comment: Perfect execution of the strategy ! We are now on top of KUMO, expect some retracement guys !
10 months ago
Comment: I didn't play this one but my tp2 would have been reached! Did anyone enter the trade ?
10 months ago
I could not trade this pair last week. However, it presents another opportunity. As the PA is on a double top I expect a pull back to 85.00, a TP1 a weekly SSB flat at 87.50 and TP2 aweekly KS flat at 87.50
aswam aswam
10 months ago
Forgot to mention that the chikou Span has also freedom to move upwards against a slender Kumo resistance!
+1 Reply
SwissPips PRO aswam
10 months ago
I agree, let's see what happens now! Have a good start of week
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