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...
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
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...
Sell this pair at 85.40 and book profit at 83.60
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!
FX:AUDJPY There is a potential BEARISH CYPHER on H4!
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...
Hey guys, another chance to get involved in this pair today. It comes from an harmonic pattern that's completing right now. It is called Bat pattern and it implies a limit order set at the D point. Stops above X, target with .382 and .618 retracements of AD leg. Let's see if we get filled. If you have any question, feel free to ask beneath. Otherwise, see you in...
Hey guys, another chance to get involved in this pair today. It comes from an harmonic pattern that's completing right now. It is called Bat pattern and it implies a limit order set at the D point. Stops above X, target with .382 and .618 retracements of AD leg. Let's see if we get filled. If you have any question, feel free to ask beneath. Otherwise, see you in...
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)...
Tug of war going on between buyers and sellers - We reckon the sellers will win the war at the end. The rectangle pattern is formed on 30M chart which shows reversal of upward trend and a big fall in coming hours. We take short position and book profit at 85.20.