We will be having a double top at level 88.06 perfect for short position. first target to be seen 87.58
Currently Overbought Sell @ market 88.30 TP @ 87.50 SL @ 89.30
It looks like bearish gartley patten... Sell @ 84.15 TP 1 @ 83.54 TP 2 @ 83.28 SL @ 85
Well currently i think price is making a wave down targeting 83Yen. Hence current trend==bearish short @ 87.30 SL @ 89.50 TP @ 83Yen
Edit: - On chart it's " Bearish " Engulfin Candle, Not bullish Short Setup on AUD/JPY Bearish Engulfing candle on daily close. If it works out, high Risk to Reward ratio is imminent. Entry - 92.00 Stop Loss - 92.64 TP - 90.13
Well i tried drawing the elliot waves, and after drawing all waves, it looks like head & shoulder pattern. I think Price can fall again below the Golden Ratio 0.618 area.....As if we note the gap, it shows that price broke below this neckline earlier...but made a temporary swing from 38.2% area.....According to the daily time frame, it is still possible to see...
Currently 2 setups.... Setup (a) Short @ 95.65 TP 93.05 SL 98 Setup (b) buy @ 92.06 TP 95.65 SL 88
Breaking below the trend plus MACD says downwards momentum increasing after crossover.
AUD/JPY Strategy: Long The AUD/JPY pair has been rallying since early April and occasionally has reversed creating a bullish trend line. This line has been tested especially on 5/7 through 5/11. This consolidation led to another rally which has since retraced and is now testing that trend line. Price at the moment is at approximately the 61.8% retracement of...
The aussie-yen cross tested a trend-line resistance at 93.30 yens Friday, and price action before the week's close suggests renewed selling pressure starting on Monday. 91.80 and 90.80 seem like plausible targets for short positions below 93.30. If the TL resistance breaks, however, I'd be rather bullish with an initial target of 94.50 given that prices are...
lets see for a small risk who will win at this critical level. Small stop Large reward. Watch price action very closely. This is purely based on supply and demand levels however the AUD did get a good kick from positive news in the region last night
Aud/Jpy break H4 trendline in downward mode. In H4 & D1 TF 50,100 and 200 EMA stay aboves the current price.That's why this pair still bearish outlook. If retrace the above trend line and again down we can look for short trade. If we want to trade early we can took trade after touch the above trendline and our stop loss shoulbe be at 30-50 pips. Or, If we wait we...
price has come up to test resistance level at 93.6. will be looking to go short if current daily candle can close with a nice upper wick and closing below the 93.6 level. Stops will be a few pips above current daily candle at 93.960 with entry at 93.22 1st target will be at 92.6 with main target at 91.1 again just awaiting the close of this current candle to...
As you can see above, the latest swing high at 93.636 was just a few pips away from completing a gartley pattern. Price is currently printing HH and HL indicating an uptrend, and providing a possible scenario where we could see price make a final stretch completing the gartley, and testing the supply zone before making a stronger reversal. Also, price has...
1. Support Broken. 2. Macd increasing momentum down. 3. CCI falls out of Channel. 4. Falling RSI, 5. Starting to drop 20 MA, at the moment platau though should fall shortly. GDP increasing in Japan and return to inflation.