Sell below 89.25. Stop loss at 89.67. Take profit at 87.91. Reason for the trading strategy (technically): Price touched our buying area and shot up perfectly to our profit target. We prepare to sell below 89.25 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 87.91 support (Fibonacci retracement, horizontal overlap...
Buy above 87.91. Stop loss at 87.45. Take profit at 88.56. Reason for the trading strategy (technically): Price is approaching major support at 87.91 (Fibonacci retracement, horizontal pullback support) and we expect a strong bounce from this level to push price up to at least 88.56 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34)...
Buy above 87.91. Stop loss at 87.45. Take profit at 88.56. Reason for the trading strategy (technically): Price is approaching major support at 87.91 (Fibonacci retracement, horizontal pullback support) and we expect a strong bounce from this level to push price up to at least 88.56 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34)...
Sell below 87.86. Stop loss at 88.28. Take profit at 86.67. Reason for the trading strategy (technically): Price has bounced up perfectly as expected and has reached our profit target. We prepare to sell on major resistance at 87.86 (Fibonacci extension, horizontal swing high resistance, fill price gap) for a strong drop to at least 86.67 support (Fibonacci...
Buy above 86.55. Stop loss at 86.11. Take profit at 87.78. Reason for the trading strategy (technically): Price has bounced up perfectly to our profit target from last week. Today we prepare to buy above major support at 86.55 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) for a bounce up to at least 87.78 resistance (price gap,...
Buy above 86.92. Stop loss at 86.52. Take profit at 87.61. Reason for the trading strategy (technically): Price has continued to test our buying area yesterday. We prepare to buy above major support at 86.92 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 87.61 resistance (Fibonacci extension, horizontal swing high...
Buy above 87.00. Stop loss at 86.52. Take profit at 87.78. Reason for the trading strategy (technically): Price has gapped down to our profit target perfectly. We prepare to buy above major support at 87.00 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 87.78 resistance (Fibonacci extension, horizontal swing high resistance,...
Sell below 87.74. Stop loss at 88.06. Take profit at 86.48. Reason for the trading strategy (technically): Price has reached our selling area and dropped perfectly from there. We remain bearish looking to sell below major resistance at 87.74 (Fibonacci retracement, Fibonacci extension) for a push down to at least 86.48 support (Fibonacci retracement, horizontal...
Sell below 87.74. Stop loss at 88.06. Take profit at 86.48. Reason for the trading strategy (technically): Price has reached our profit target once again. We prepare to sell below major resistance at 87.74 (Fibonacci retracement, Fibonacci extension) for a push down to at least 86.48 support (Fibonacci retracement, horizontal overlap support). Stochastic...
Buy above 85.45. Stop loss at 85.15. Take profit at 86.44. Reason for the trading strategy (technically): Price has touched our selling area and dropped perfectly as expected. We prepare to buy above major support at 85.45 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 86.44 resistance (Fibonacci retracement, horizontal pullback...
Sell below 87.00. Stop loss at 87.25. Take profit at 86.01. Reason for the trading strategy (technically): Price has shot up perfectly and reached our first profit target. We prepare to sell below major resistance at 87.00 (Fibonacci retracement, descending resistance, horizontal overlap resistance, bearish price action) for a push down to at least 86.01 support...
Buy above 86.37. Stop loss at 86.01. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): Price has touched our buying area before shooting up perfectly as expected. We remain bullish above 86.37 support (Fibonacci retracement, horizontal overlap support, bullish exit) for a further push up to at least 87.01 resistance (Fibonacci...
Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push...
Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push...
Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): Price has dropped perfectly towards our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap...
Sell below 87.39. Stop loss at 88.08. Take profit at 86.02 Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area and has reached our profit target. We prepare to sell on major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 86.02 support...
AUDJPY momentum has turned bullish after being in a bearish cycle. Key indicators: Hit 61.8 Fib which is also a key level of support. 61.8 indicates reversal. Yen is strong when USD is weak. USD has been unstable lately. Higher high, lower low. 1st target: 88.050 2nd target: 89.330 3rd target: 90.750 SL below 0.5 fib.
Buy above 86.02. Stop loss at 85.71. Take profit at 86.94. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area to our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, horizontal overlap support) for a push up to at least 86.94 resistance (Fibonacci retracement,...