FX:AUDJPY   Australian Dollar/Japanese Yen
349 10 14
Before taking on any longs, break this line and trade above the pivot . If this downtrendline is respected, break the uptrendline below and head to .7621
Trade active: I have one off for 50 and break even... we need more bullish action on this and it may be looking for a pullback to sell. Trade this with caution. Thanks guys!
Trade active: One off for 100
Trade active: reversed out on this... One off for 100 and the other ones running in the money. Go to the blue line.
Trade closed: target reached
Trade active: reversed out of this... looking for about 50 pips on it lower my trade is active from 8420
nice and clean chart i have an idea very similar :)
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tokyotiger MarlyForex
what is your re-entry? I manually closed my short trade. Looking for a re-entry price.
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hope.bleecker tokyotiger
Hi there. I am not on this. I either will break the downtrendline and trade above the pivot with a bullish candlestick formation or I will break the uptrendline and go south to 7621. Not on yet.
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tokyotiger hope.bleecker
thank you. I like this idea.
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Why do you think it will head to .7621? Is it possible to show a chart that supports that thought? Sorry, no pressure to show your trade ideas, just wondering and learning. Thanks.
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Aussie is weak across the board. The selling should continue this week. Until the Jpy is supported by the BOJ you should be selling everything except for EJ.. Have a great week.
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We did not get the sell, but based on what is happening with jpy, if we get another drop it could head to that level. That is a D ext based on current fibonacci. previous support as well.
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Why do you use the 2 hour chart? What other chart times do you use? Thanks.
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Banks trade off the 4 hour for position trading. 2 hour and the daily together are a good compromise. Gives me a little more of a finite view.
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What happened with the AUDNZD? Was that because of the oil jump? So if oil comes back down the AUD changes? Thanks.
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