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...
As we predicted in our earlier idea that the price will touch 90 level in a longer run - On lower time frame we expect 88.50 coming soon.
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...
Sell below 86.31. Stop loss at 86.75. Take profit at 85.32. Reason for the trading strategy (technically): Price bounced up perfectly as expected and reached our profit target. We now prepare to turn bearish below 86.31 resistance (Fibonacci projection, Fibonacci retracement, horizontal pullback resistance) for a drop to 85.32 (Fibonacci projection, horizontal...
There is a downtrend. Set Entry price - 85.774, TP - 85.366, SL - 86.174
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.
Overnight AUD/JPY has taken a breather and pulled back to support at the lower side of the up channel. With support at 81.15 a LONG here with a STOP under support may work particularly if the price can take out the 200 sma on H1. LONG from 81.47 with a STOP at 81.14. Target WR1 at 83.72
Business as usual -if market condition remain the same? we are hoping to see AJ decline a little more