Sell below 87.40. Stop loss at 87.71. Take profit at 86.67. Reason for the trading strategy (technically): Price is testing major resistance at 87.40 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect a reaction from this level for a drop towards 86.67 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3)...
Sell below 86.68. Stop loss at 87.10. Take profit at 85.90. Reason for the trading strategy (technically): Price made a bounce and reached our profit target perfectly yesterday. We now prepare to turn bearish below 86.68 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) for a further drop to 85.90 support (Fibonacci...
Buy above 85.88. Stop loss at 85.34. Take profit at 86.72. Reason for the trading strategy (technically): Price is now above major support at 85.88 (Fibonacci retracement, horizontal pullback support) and we expect to see a bounce from here to at least 86.72 resistance (Fibonacci retracement, horizontal pullback resistance). RSI (34) is seeing strong support...
Sell below 87.48. Stop loss at 87.80. Take profit at 86.39. Reason for the trading strategy (technically): Price bounced up perfectly and reached our profit target as expected. We now prepare to turn bearish below 87.48 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to 86.39 support (Fibonacci extension,...
Buy above 86.34. Stop loss at 85.92. Take profit at 87.48. Reason for the trading strategy (technically): We prepare to turn bullish above major support at 86.34 (Fibonacci retracement, Fibonacci extension) for a push up to 87.48 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing strong support above our 6% level...
Sell below 87.05. Stop loss at 87.56. Take profit at 86.076. Reason for the trading strategy (technically): We are bearish below 87.05 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to 86.07 support (Fibonacci retracement). Stochastic (21,5,3) is seeing a nice reaction from the 95% level.
Sell below 86.72. Stop loss at 85.98. Take profit at 87.10. Reason for the trading strategy (technically): Price has reached our profit target perfectly from yesterday. We prepare to turn bearish below 86.72 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to 85.89 support (Fibonacci retracement, horizontal overlap...
Buy above 85.34. Stop loss at 84.97. Take profit at 86.08. Reason for the trading strategy (technically): We remain bullish above 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is bouncing nicely above strong support at 5.5%.
Buy above 85.34. Stop loss at 84.97. Take profit at 86.08. Reason for the trading strategy (technically): Price reached our profit target for the 4th time in a row. We turn bullish above 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is...
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.
There is an uptrend in AUD / JPY. Buy now at any price. Set TP as 86.980, SL - 85.290. This is a long trade. Just wait. It may take 1 day. You can give trailing stop after 86.200 as 50 points.
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
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
Note: It is a potential Break Setup. There is a strong resistance zone at 86.2xx area. We need to pay attention whether this pair able to break this resistance zone. There are 2 ways to trade this pair 1. If the price able to break the resistance zone, wait for pullback to the resistance zone and bullish signal to long -Can long after breakout with small lot...