Hey Traders, We are about to finish the C wave so expect a breakout of the trendline to start the new impulse. - Hola Traders, Estamos a punto de terminar la onda C así que estad al tanto de la ruptura de tendencia para el nuevo impulso.
Sell below 83.83. Stop loss at 84.23. Take profit at 83.21. Reason for the trading strategy (technically): Price has continued to drop towards our profit target really nicely. We remain bearish below 83.83 resistance (Fibonacci retracement, pullback resistance, horizontal overlap resistance) for a further drop towards 83.21 support (Fibonacci retracement,...
Sell below 84.23. Stop loss at 84.64. Take profit at 83.27. Reason for the trading strategy (technically): Price has reached our selling area and is dropping nicely. We now remain bearish below major resistance at 84.23 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) and we expect price to react off this level and drop towards 83.27...
So... The Aussie dollar seems to be doing alright, the yen had some unraveling with the lessened pressure from the elections - and it looks like copper may be wanting to start to make a comeback. I have taken this opportunity to go long on AUDJPY to take advantage. I have my own SL set rather short on one position at 89.70 however, my other longer term trade I...
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
Cypher pattern are complete on 86.55 level and ,, 86.56 level are also important previous support and resistant level ,, , when cypher pattern complete at 86.57 and see price action ,, then sell from that level and tp 1 is 85.25 tp 2 is 84.85 tp3 84.45 good luck
Hi guys, I am looking for a potential setup on AUDJPY. Looks like we have reached a strong support level, so maybe time to reconsider the longs. Waiting for price action confirmation
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...
We looked at the AUDJPY on Thursday of last week. At the time the pair was trading just below the 85.35 handle, a level that’s served as a pivot since the new year began. The idea was to watch for a sell signal from new resistance. However, Thursday closed at 85.51, which canceled out any notion of shorting the cross. I wasn’t interested in buying the pair on the...
We discussed the AUDJPY exactly one week ago. At the time the pair had just broken support at 85.35 and looked determined to test the next key support at 83.73. With this in mind, we were watching for a selling opportunity on a rotation back to new resistance. Unfortunately, that retest never came. But the pair did reach a low of 83.81 this past Tuesday, just 8...
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!
Buy above 86.17. Stop loss at 85.80. Take profit at 87.17. Reason for the trading strategy (technically): We remain bullish above 86.17 support (Fibonacci retracement, horizontal swing low support) where we expect a bounce from to at least 87.17 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (55,5,3) is seeing strong support above...