Sell below 87.93. Stop loss at 88.43. Take profit at 86.66. Reason for the trading strategy (technically): We caught the rise on AUDJPY quite nicely yesterday. Today we’re starting to see it on major resistance (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong drop from this level to push price down to at least 86.66 support...
Buy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Price has bounced up nicely from our buying area and made a bullish exit of an intermediate descending resistance-turned-support line. We remain bullish looking to buy above major support at 87.81 (Fibonacci retracement, horizontal overlap support, Fibonacci...
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Buy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 87.81 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to at least 88.75 resistance...
Buy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 87.81 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to at least 88.75 resistance...
Sell below 88.88. Stop loss at 89.39. Take profit at 87.89. Reason for the trading strategy (technically): Price has continued to rise nicely towards our profit target since we caught the bounce perfectly. Today we change view and prepare to sell on major resistance at 88.88 (Fibonacci retracement, swing high resistance, channel resistance) to begin the drop...
Buy above 88.04. Stop loss at 87.59. Take profit at 89.09. Reason for the trading strategy (technically): Price has finally made a bullish exit of its triangle formation and continues to hover nicely above our buying entry. We remain bullish looking to buy above support at 88.04 (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish...
Buy above 88.04. Stop loss at 87.59. Take profit at 89.09. Reason for the trading strategy (technically): Price has finally made a bullish exit of its triangle formation. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) and play the breakout from the triangle towards...
Buy above 88.04. Stop loss at 87.59. Take profit at 89.09. Reason for the trading strategy (technically): Price has finally made a bullish exit of its triangle formation. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) and play the breakout from the triangle towards...
Buy above 88.04. Stop loss at 87.59. Take profit at 89.09. Reason for the trading strategy (technically): Price is finishing its triangle configuration which is a sign that a reversal is impending. We look to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and play the breakout from the triangle towards 89.09...
Buy above 88.52. Stop loss at 87.89. Take profit at 89.66. Reason for the trading strategy (technically): Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal...
Buy above 88.52. Stop loss at 87.89. Take profit at 89.66. Reason for the trading strategy (technically): Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal...
Looking to short around 88.70-90 for a target to 87.83, stop above 89.29
Buy above 88.52. Stop loss at 87.89. Take profit at 89.66. Reason for the trading strategy (technically): Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal...
Buy above 88.92. Stop loss at 88.40. Take profit at 89.79. Reason for the trading strategy (technically): We look to continue to buy above major support at 88.92 (Fibonacci retracement, horizontal overlap support) for a further push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,3,1) is bouncing up nicely from our...
Buy above 88.92. Stop loss at 88.50. Take profit at 89.79. Reason for the trading strategy (technically): Price is seeing strong support above 88.92 (Fibonacci retracement, ascending support) and we expect to see price continue on its bullish trend by making a push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic...
Buy above 88.68. Stop loss at 88.33. Take profit at 89.47. Reason for the trading strategy (technically): Price continues to rise in our bullish channel. We look to buy on weakness above major support at 88.68 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a further rise towards 89.47 resistance (Fibonacci extension, horizontal...
Sell below 88.68. Stop loss at 89.40. Take profit at 87.91. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area as expected. We tighten our stop loss to protect our profits. Now we look to sell further when price breaks 88.68 support (Fibonacci retracement, double top confirmation) and we will ride the drop...