I'm bearing on the AUD/JAP based on the double top that formed on the daily chart. The recent spinning was followed by a weak candle which leads me to believe its going south. Stop lost is placed just above double tops peaks. Target 1, 2,and 3 are place on graph. Target 3 was chosen based on consolidation that was shown previously around the 81.00, also it a...
Bearish on AUDJPY based on multiple confluences. Strong double top formation and I am now expecting a continuation to the downside. Price has broken the counter trend line. As long as price doesn't go above the ~86.35 level I am completely bearish on this pair. Risk Reward: 1:75 -Safe Trading and Best Regards
Daily cloud was strong resistance for AUD/JPY upside, price action in the pair has now has broken above the cloud. Upside has extended above the 85.70 levels which is is 61.8% Fib retracement of 90.725 to 77.582 fall. Momentum is higher, RSI strength seen at 64 levels, and major moving averages are biased higher. Pair finds next resistance at 87.32 (200-DMA),...
AUD/JPY upside rejected at cloud top (85), pair extending downside, slips below cloud base. Next strong support seen at 83.00 levels. Breach of support could see test of 81.50. Stochs are at overbought and on the verge of a rollover. This would confirm downside. RSI has turned lower from over 60 levels and is biased south. Good to short breach of 83 levels,...
AUD/JPY has broken above strong trendline resistance at 81.90 and is on track for test of major resistance at 83.60 levels. A breakout above will target 85 levels and further bullishness could take it to 86. Immediate support and resistance are located at 82.62 (session lows) and 83.60 (trendline). Good to go long on breakout above 83.60, SL: 82.70, TP: 84/84.80/85
as the 4hr candle closed with a shooting star, also considering that the pair has been advancing the whole week, i would welcome a little bit of a retracement to previous structure levels - these levels also collide with fibonacci levels 0.23 and 0.38. Cheers
SYNOPSIS: GEO: We return to this pair chart anew, looking at a geometric cycle completion of 2 Geo's: In essence, a rally to the 1-4 Line of the Geo is called for, based on the concomitant completion of a Geo (Black) within a Geo (Blue). CONDITIONS: 1 - AGGRESSIVE: Look for a slight retracement to the 78.619/78.139 range -- INVALIDATION: BACA <...
The pair has broken out of the corrective structure and it looks good to buy on a smaller degree correction to the downside towards the broken structure.
We see strong resistance for AUD/JPY at 82.0 levels, multiple rejections seen at that level. The pair has edged lower after rejection at 82.01 and is currently trading around 81.52 levels. Techs on hourly charts biased lower: - 5-DMA bearish crossover on 10-DMA - Stochs and RSI rolledover from overbought territory, point south - MACD histogram below zero with...
Looking to short AUDJPY around 82.00 level strong resistance.
POTENTIAL TRADE OPPORTUNITIES PAIR: AUD/JPY TIME-FRAME: 15M TRADE: POTENTIAL BAT PATTERN Looking for a short opportunity on the AUD/JPY Bat Pattern and 2nd Targets at a retest of Structure. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: ...
AUDJPY Long, Bounce off Daily Support
CYPHER AND BAT PATTERN PAIR: AUD/JPY TIME-FRAME: 4HR TRADE: CYPHER AND BAT PATTERN Looking at 2 Potential Patterns on the AUD/JPY We have a Bat Pattern, followed by a Cypher. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com ...
Expecting a move to the downside from here, a break out below is a short term sell opportunity.
AUD/JPY is extending recovery from multi-year lows at 79.21, however upside seems to have stalled at 82.80. Momentum indicators have turned positive for the pair: -Stochs have rolled over from oversold territory with a bullish crossover - MACD line shows a bullish crossover on the signal line - RSI have nicely bounced-off 30 levels and biased higher 82 is...
AUDJPY is in a smaller corrective structure right now and I am expecting another fall soon before we enter into a deeper weekly correction which would probably be due very soon so this maybe another good entry point to short the pair.
BAT PATTERN PAIR: AUD/JPY TIME-FRAME: 1HR TRADE: BAT PATTERN Looking at the AUD/JPY 1 hour and waiting for a potential Bat Pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart FACEBOOK: facebook.com YOUTUBE: www.youtube.com