Technician
Long

AUDJPY: Going For a Potential Bounce!

FX:AUDJPY   Australian Dollar / Japanese Yen
1357 17 16
*Update: Stopped out..
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I just initiated a long, I was waiting for a confirmation for a long following last week hammer candle, unfortunately ui didn't get that confirmation on a lower price. So i just bought on a break and retest to a horizontal resistance at 96.80 area. Also the price has broken out and settled above the 200-days SMA . Lets see how this one goes..


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Technician
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I think AUDJPY can continue down!

wave 3 and 4 are noise and I believe more in wave 4 is complete,
then it should fall further down towards the target of around 88,7xx.
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nappenbir nappenbir
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Technician nappenbir
My long was stopped out, but the hammer support is still intact. For me, a break below the hammer low is required to negate the bullish bounce scenario.. Good luck mate
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nappenbir Technician
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jangseohee nappenbir
it takes time.. be patient :-)
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coondawg71 coondawg71


@Technician I've got next week and the following week measuring to be crucial. Heavy volatility expected.
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This very well may be the next big "surprising" victim.
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Stopped out
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coondawg71 Technician
You may be right, just early. That is my number one mistake.
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