*pun intended* With the continuing decline of the Aussie despite the higher ups of commodities, the pair has been struggling to push to the upside against a safe-haven currency. The same is occurring with AUDCHF considering that the Swiss Franc is also a safe-haven currency. Last trading session, the AUDJPY pair formed an inside pin bar which may suggest a...
AUDJPY Potential short opportunity on 15 min.
AUDJPY: Short term upside movement is in the list. Consult chart for further information.
Sell below 83.92. Stop loss at 84.51. Take profit at 82.43. Reason for the trading strategy (technically): Price has gapped up and reached our profit target perfectly this morning. We prepare to sell below 83.92 resistance (Fibonacci retracement, horizontal resistance, bearish divergence) for price to drop down towards 82.43 (Fibonacci retracement, horizontal...
AB=CD Price At 81.95 So the 81.95 is good support!
This trade is based on wave analysis We had the impulse and we are hoping for a flat correction Corection wave A stoped on a 50% Fib level or the main impulse. We are anticipating correction wave B. Check out for a trend breakout of wave A in the Yellon ARC for a buy opportunity
Sell below 85.75. Stop loss at 86.51. Take profit at 83.87. Reason for the trading strategy (technically): AUDJPY dropped absolutely perfectly once it reached our selling area and is close to our profit target. We remain bearish below 85.75 resistance (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) to play the continued drop to at...
The AUDJPY appears to have broken a key support level. The 85.35 handle has been a critical factor for the pair since the start of 2017 and yesterday’s close at 85.32 should continue to attract selling pressure. But as you may well know, what we sometimes think are precise levels are instead areas of support or resistance. So yesterday’s close being just 3 pips...
Hi traders!I hold a point:Good charts does not need more words to explain! Good luck!
Ichimoku hinting for breakout.
Tug of war going on between buyers and sellers - We reckon the sellers will win the war at the end. The rectangle pattern is formed on 30M chart which shows reversal of upward trend and a big fall in coming hours. We take short position and book profit at 85.20.
The price is consolidating at the current level - We take short position at 86.50 level and book profit at 85.20 - The setup will invalidate if the price breaks 87.50. For your Info, we see this pair at 90 level in a weekly higher time frame charts.
Expected to go down to 85.20 before moving up TP 1: 85.65 TP 2: 85.20 Let's see ...
It might look like a 3TAP, but the last two taps happened within a week, so they are falls as individual taps. Volume on the last two taps did not break new highs, so support for breaking out long over 86.917 is weak. It's on my radar this week thinking it might go short soon.
Analysis And Research We Expect that if Aud/jpy crosses lower trend line then we will be happy to go short from that point unless right now it is in consolidation zone and lots of noise we can see onto this zone . We will let it pass through all noise then we are gonna short it straight towards take profits @ Flag.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron