Technician
Long

(J) Trade 3 : Speculating on a Rebound of Support #forex

FX:AUDJPY   Australian Dollar/Japanese Yen
3460 36 90
Update : Target reached without triggering entry.. Trade Cancelled.
==================================================================
Trade 3: Pending Long AUDJPY             @ 94.65
S.L @ 93.95
T1 95.60
T2 96.75

For 29,400 Balance, and 2% risk per trade=$588, Position size = 1 lot ( 0.5+0.5)

==================================================================

Reasoning:
  • Short term up trend , higher highs and higher lows is still intact as the latest swing low at 94.57 is holding so far.
  • That low coincides with 38.2 retracement level for the latest bullish wave
  • 50-days SMA is forming another potential support
  • We have see two pin bars today and the day before.

Wish me luck and best of luck for everyone.
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My best regards
Technician
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Wish you the very best technician, I'm with you. Are we still waiting for the market to hit the entry or are you already in it?

Thank you :)
Reply
Technician TOP moneymaking
No, i am waiting for entry. Thanks man
+1 Reply
nice, Good eye :)
Reply
Thanks my friend
+1 Reply
Hawk Eye !!!
+1 Reply
go get it!
+1 Reply
I takes great courage to do this man! Keep up the good work! Success!!!
+2 Reply
Thanks :)
+1 Reply
I like the chart,Technical side, but in few minutes we are expecting news from Japan and in less than 2 hours serious news from Australia. So, i personally will wait for news release. But this is my personal opinion and nothing else.
Reply
Technician TOP One_Trade_A_Day_777
Yep, lets see what happens :)
+3 Reply
Technician TOP One_Trade_A_Day_777
Also China data is coming up.. Big events for Aussie volatility
+3 Reply
Waiting for entry here, Thank you, Mr.Technician!
Reply
Proceed with caution. some AUD economic news starts coming out in less than 1 hour
+1 Reply
can i ask you with what broker (company) do you make your trades ?
Reply
It looks good Tech, I also have long AJ setup. Not trading yet.
AUDJPY
+1 Reply
This caught my eyes too mate but realised the latest candle has not close yet. So won't class it as pin bar yet. But looking at H4 we do have a potential pin bar forming in 5 min time.
+1 Reply
You are right, i may have confused with the four-hour pin bars..
+1 Reply
Mj Technician
Did you go long
Reply
Rallied to target :|
+2 Reply
price reach first tp pirce without triggering order. Should we close the pending?
Reply
Yeah. :S .. Gotta be patient...
+4 Reply
Technician TOP Technician
I was wishing for a spike lower, but again missed entry by 10 pips
+3 Reply
FXMONA Technician
entry missed for few pips. I hope next time.
Reply
Great plan. But but i missed the entry. :(
Reply
My platform touched 94.778 no fill on 94.65?
Reply
We have to be patient guys... This is the market...
+3 Reply
Nice move up, but did not hit the entry for me.
Reply
Update : Target reached without triggering entry.. Trade Cancelled.
+6 Reply
Technician,
now market around 95.60, which was our first target. what should you do now? close this order or wait?
Reply
Ashif, I missed the trade
+1 Reply
ashif030 Technician
yeah....I also missed only for few pips :-(
Reply
Thanks Technician, I didn't miss the trade, I went long anyway at 94.87. I was pretty sure about the Aussie job report. Thanks!
Reply
Great you made some profits.. Good luck
+2 Reply
Good luck! Hope it will be a profitable trade.
Reply
Thanks for your analysis Technician. I'm learning a lot from your charts and honest opinions. Takes a big man to do this. Keep up the good work and good luck.
+2 Reply
Simple and easy to understand setup. Thank you.
Reply
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