Sell below 85.06. Stop loss at 05.25. Take profit at 84.38.
Reason for the trading strategy (technically):
Price is approaching major resistance at 85.06 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction from this level for a drop to at least 84.38 support (Fibonacci retracement, horizontal overlap support).
Stochastic...
Sell below 82.94. Stop loss at 83.22. Take profit at 81.92.
Reason for the trading strategy (technically):
Price has bounced off our buy entry perfectly yesterday and has risen strongly towards our profit target. We prepare to sell below major resistance at 82.94 (Fibonacci retracement, horizontal resistance) for a push down to 81.92 support (Fibonacci...
*pun intended*
With the continuing decline of the Aussie despite the higher ups of commodities, the pair has been struggling to push to the upside against a safe-haven currency. The same is occurring with AUDCHF considering that the Swiss Franc is also a safe-haven currency.
Last trading session, the AUDJPY pair formed an inside pin bar which may suggest a...
Buy above 81.90. Stop loss at 81.67. Take profit at 82.90.
Reason for the trading strategy (technically):
Price has dropped perfectly to our buying area and bounced off perfectly. We remain bullish above major support at 81.90 (Fibonacci extension, horizontal swing low support, bullish divergence) and we expect a strong bounce above this level to at least 82.90...
Buy above 81.90. Stop loss at 81.67. Take profit at 82.53.
Reason for the trading strategy (technically):
Price is approaching major support at 81.90 (Fibonacci extension, horizontal swing low support, bullish divergence) and we expect a strong bounce above this level to at least 82.53 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic...
Short AUD/JPY
Confluence of 1) horizontal support 2) 33.2 fib acting as resistance at 83.750 and nice daily bearish candle building up
Good risk reward. Short at 83.55 giving it 30pips
A close above 83.75 indicates going higher possibly 84.50 where there is a confluence of horizontal resistance and 50.0 fib.
Hi guys,
here on AUDJPY we're sitting on a very important structure level that i think could stop price from getting higher and also provide some nice selling opportunities. In fact, i'm already decided to short it since price action showed us some weaknesses on both 1hr and 4hr chart. Stops would go above the highs, target1 at 1:1 RR at least, target2 to be...
Hi guys,
here on AUDJPY we're sitting on a very important structure level that i think could stop price from getting higher and also provide some nice selling opportunities. In fact, i'm already decided to short it since price action showed us some weaknesses on both 1hr and 4hr chart. Stops would go above the highs, target1 at 1:1 RR at least, target2 to be...
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...
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...
Hey guys,
i don't usually trade in these lower timeframe, but this time i think it could be a nice level to short. The blue line represents a previous level of structure, and price has created new lows breaking through that level. So i'm thinking it could turn into resistance and hold the price's rally.
Stops above X, targets as usual for harmonic patterns.
If...
Hey guys,
i don't usually trade in these lower timeframe, but this time i think it could be a nice level to short. The blue line represents a previous level of structure, and price has created new lows breaking through that level. So i'm thinking it could turn into resistance and hold the price's rally.
Stops above X, targets as usual for harmonic patterns.
If...
