FX:AUDJPY   Australian Dollar / Japanese Yen
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

Comment: Perfect execution of the strategy ! We are now on top of KUMO, expect some retracement guys !
Comment: I didn't play this one but my tp2 would have been reached! Did anyone enter the trade ?
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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
snapshot
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aswam aswam
Forgot to mention that the chikou Span has also freedom to move upwards against a slender Kumo resistance!
+1 Reply
I agree, let's see what happens now! Have a good start of week
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