This pair AUDJPY is interesting because as we can see in this 4hrs chart there's a lot in its favour.
1. We have a (Very) strong Aussie.
2. The pair have traded back above the structure 79.53.
3. Pair is above the descending trend line
4. Gift to confirm the break is intact.
Basically we are long the pair from here a stop is placed just below the 83.20 area.
Initial target is 86.33. We believe that pair has the potential to outrun that level maybe up to 90.71.
We keep our eyes open..
Another trade we took last night is the AUDUSD LONG
and EURAUD SHORT.
Have a wonderful trading week and trade safe.
For more info and updates follow us on twitter @Charts_247.
1. We have a (Very) strong Aussie.
2. The pair have traded back above the structure 79.53.
3. Pair is above the descending trend line
4. Gift to confirm the break is intact.
Basically we are long the pair from here a stop is placed just below the 83.20 area.
Initial target is 86.33. We believe that pair has the potential to outrun that level maybe up to 90.71.
We keep our eyes open..
Another trade we took last night is the AUDUSD LONG
and EURAUD SHORT.
Have a wonderful trading week and trade safe.
For more info and updates follow us on twitter @Charts_247.
Comment:
pair above 84.70. keep the long position. Aussie on fire!