The AU has made a big movement up after a big corrective wave, now is making a retracement, exactly at the .38 Fibonacci level, i see this trade as a really good investment opportunity.
The USDJPY has more than a month on a bearish trend, made a big movement yesterday and now i see a sell setup, the UJ has made a retracement to the .38 Fibonacci Level and im looking to it as a normal retracement which means this is the perfect selling spot, heads up, let's catch some pips
The EURAUD has completed the Five Elliot Wave to come and create a Corrective Wave now in MY THOUGHT will push up to continue with the Higher Highs and Higher Lows in a UP TREND.
For this setup on the AUDUSD I see a very "text book" trade, has a very strong UP TREND that has completed the Elliot Waves to come and make a ABC corrective Wave, now I BELIEVE will continue the uptrend also giving credit to the Australian Dollar getting stronger and stronger every day
Today on the UJ i see a beautiful Harmmonic Formation on the GARTLEY PATTERN, not just that but I see the respect at the level 110.000 which the market has been trying to break over 3 times and FAILED, 2 times before the price has come out SHOOTED UP to new heights when the price action comes to this MAJOR LEVEL (110.000)
In this trade I see a movement of +50 Pips
On my setup for tonight i see the UJ respecting a trend line which now has been BROKEN, in MY OPINION is a very text book trade and can get us about 50 pips on profit
Believe that will continue to keep rising reason why is the break of the previous resistance now becoming support, simple, clean analysis, looking to long about 40 pips
EA making a very text book movement, right now using a old resistance as support to continue the UP TREND that has ranging this last months after a BIG CORRECTION, heads up to this trade as it can turn in a lot of profit
Today with the UJ we see a IMPORTANT LEVEL being respected at 110.300 this could be a entry to the market but the entry we are looking at comes to 110.000 This MAJOR LEVEL is being a MAGNET to the price and has come to this level TWO times this week and FAILED to break it, so what we are looking is the price coming to this 110.000 level to watch the following...
Now looking to this AJ setup we see a MAJOR LEVEL that has been respected thought the course of the month being BROKEN this MAJOR LEVEL 88.000 is a Key point at today's movement lookng to short and continuing the bearish movement thats been going on for about a WEEK
WE WILL HOLD THE TRADE FOR ABOUT TWO MORE HOURLY CANDLES TO SEE MARKET REACTION AT 88.000 PRICE
AJ was on a UP Trend for more than a month, made a SHALLOW retracement and formed a ABC Corrective Wave; This trade looks very Text book; now im looking for the continuation of the trend
