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UnknownUnicorn180388
Mar 22, 2017 9:19 AM

AUD.JPY -x2 Long Opportunities  Long

Australian Dollar/Japanese YenFXCM

Description

On the AUD.JPY Daily chart we have 2 potential trade opportunity's at the D leg completion of bullish Bat & Bullish Cypher setup.

Bullish Cypher Setup ( Blue ) - D leg completion 84.684
Target 1 - 86.020
Target 2 - 86.830

Bullish Bat Setup ( White ) - D leg completion 84.245
Target 1 - 85.750
Target 2 - 86.663

Comment

Comment

Price retesting 85.00
A break below this level should validate the bullish Cypher setup.

Comment

Price spiked through the Cypher D leg completion at 84.684
A potential long opportunity.

Comment

Bullish 4hr divergence

Comment

Bullish Bat D leg complete.
Comments
Jamal92
Awesome setup! I have the exact same idea. Its just about patience right now.
UnknownUnicorn180388
@Jamal92, Thanks very much.
That's it, sit on the hands time :-)
EliasMerhi
hey tom i was wondering where would be a good TP1 be i have 86.020
UnknownUnicorn180388
@EliasMerhi, Hi,
The target information is above for you.
EliasMerhi
@tomhall, im sorry i just saw that, thank you so much for all your analysis. keep up the great work
UnknownUnicorn180388
@EliasMerhi, My pleasure, thank you for the message.
Supertechpro
Hey Tom
Will you enter this trade?It seems to have met your rules!
UnknownUnicorn180388
@Supertechpro, It doesn't meet my entry rules just yet.
Supertechpro
@tomhall, Oh yes,afew more bars to go.Lol,learning something new everyday..almost doesn't count.It either has or not lol
UnknownUnicorn180388
@Supertechpro, Aslong as you have rules in place for your own entry strategy that's all that matters.
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