AUD/JPY LONG POSITION LOOK LEVEL 96.00 USE TRAILING STOP 100 PIPS
I am long Aud/Usd and here is why: Weekly/daily Fibonacci Expansion level/target 61.8% expansion lies just below 0.75 (Fib Expansion 1) Daily Fibonacci Expansion level 100% expansion is just below that at 0.746 (Fib Expansion 2) Current price action is moving down fast - long daily bearish bar down, so I expect price to move lower towards Fib Expansion 2 level...
This is the follow through coming off from both the higher time-frames (Monthly n Weekly) which clearly indicates a downtrend. Because of this, I am anticipating a further sell off while using the Daily chart to set the target.
AUD/USD is sitting on a major reversal spot. According to the theory there is a 80% chance of this pattern playing out. Importantly there is both time and price symmetry in this pattern. From a market psychology point, this is the ultimate contrarian trade: China stock market got sold off, so the press says that has led to a AUD sell-off, Bloomberg article says...
Daily/weekly candles set to close extremely bearish with a break of major support @ .7550's. Awaiting retest/pullback for an entry down to the -61.8 extension, also major support @ .7250's.
POTENTIAL CYPHER PAIR: AUD/USD TIME-FRAME: 4 HOUR PATTERN: CYPHER This could be a great potential setup to get short on the Aussie Dollar NOTE: These are potential patterns. Please re-analyse the trade before trading. Star Prosper Philip Stewart FACEBOOK: facebook.com YOUTUBE: www.youtube.com
Waiting for "risk on" play in AUD/USD. Retracement to 38.2% Fib suggests technical entry. Just my thoughts; you will have to make your own decision. Set stops.
STOPLOSS 0.75 CAN PLAY A GOOD RISK REWARD TO LOOK FOR LONG TO APPROACH THE MOVING AVERAGE ON THE WEEKLY CHART.
Week Target: 0.8000 3month Target: 0.8100 1year Target: 0.8600 2year Target: 0.6600
With the employment data out tonight, entering a sell trade with the stop above 0.81 - 0.82, is a good risk/reward opportunity. The fundamental reality is that the US economy is growing leading to higher rates, while the Australian economy is slowing with the RBA trying to lower the exchange rate. On the technical side we have a MACD crossover and a bounce off...
We have a nice Breakout at Daily Level, pullback with Hammer at Support in H4 + bullish engulfing H1 + doble bottom M15! Multi-Timeframe confirmation! Very nice Long opportunity!
This correlation trade between AUDUSD & GBPUSD is setting up very nicely. The description and reasoning for the trade is on the chart.
After soaring higher this week, an exhausted shooting star was formed on 120 m TF, the rejection was confirmed by the second bar, I prefer to sell short on the selling zone between 0.7800-0.7810, SL immediately above shooting star candle, the first take profit target will be 0.7735, second 0.7675, and the third 0.7610, the Risk to reward ratios: 1:1.625,...
Any way RBA Interest rate hold and jobs data beat the the forecast today, Positive datas are helped for Aussie strength but trader are more bearish on Aussie on long term. AUD/USD going through complex corrective wave pattern we expect more downside on the aussie on coming weeks. I am gng to sell the AUSIIE on 0.7740 to 0.7750 level Risk Reward ratios is 1:5
Currently neutral but looking at a long opportunity following a CTL break. Will wait for a break and retest of range resistance before entering.
The pair broke above the top trend line of the downward channel and should find buyers around 0.7670/ 0.7700 level. 100MA comes at 0.7730 and should support the pair in near term. Next major target on the upside would be 0.8000 physiological level and 0.8250 high of Jan 2015
On the weekly time frame we have seen a nice pin bar/shooting star form. It has rejected off of the .500 Fib and if you zoom into the daily chart it has rejected from the 200EMA. From here we may see a small pull back into the pin bar but overall my bias is short on this pair. Just be aware of the fundamentals this week, we have a few big releases coming out of the US.