I'm a big fan of AUDJPY due to its risk sensitivity. In a risk on environment, it turns bid, and in a risk off environment, it goes offered. Why? Well AUD is a high beta currency and is rarely offered in a carry trade (until more recently against some exotics). Whilst Yen is almost always offered in the carry trade. This is due to the negative rates that the...
Pattern: Multi year bearish channel with Lower Highs and Lower Lows since 2010. The sequence is similar to the 1989 - 2001 period. Signal: Bearish on the next contact with the 0.382 Fibonacci level. Target: 0.5000 (just above the 0.47500 Support and the -0.236 Fibonacci)
The Breakout Opportunities system has just sold AUDUSD at 0.59343. The system recommends entering this trade at any price between 0.59177 and 0.59682. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.87728, suggesting that the AUDUSD may have further to fall. A stop loss has been set at the 24-hour...
The Breakout Opportunities system has just sold AUDJPY at 65. The system recommends entering this trade at any price between 64.772 and 65.66. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.696, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of...
FX markets have been extremely volatile and so I haven't been trading as much as usual. In times like this its key to wait on the side lines and preserve capital. You should only take trades that meet your entry criteria! This is is a great setup, one of the best I have seen in a while. We have a complete head and shoulders on the weekly, with a key level on...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. The price just hit this support zone, and got a beautiful confirmation of the area. It looks like the support zone is maintained, and the price will no continue with a bullish momentum. The nearest resistance is just above the current price, and makes for a nice...
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Good Luck!!!!!!!!!!!
Set up: Daily retracement to the 61.8 fib level and a previous S/R zones (dashed line), possible continuation of the downtrend. Trade: Entry at the psychological 1.3 level, setting the SL a few pips above the 61.8 and the previous S/R level. TP is taken at the relevant fibonacci extension.
Price maybe breaks a little to 0.6000 or 0.5950 and pullback to 0.6200 .
GBPAUD is looking to go up for a long. There was news that occured for GBP's CPI today. TP: 1.98-1.98+
AUDUSD is trading in channel pattern and as see from chart is has shown some bounce back after sharp drop in price and making bottom ,AUDUSD ha taken a good support and resistance level according to fibonacci retracements so one can add fibonacci in above chart to get stoploss levels. also with channel support and resistance one can trade for long or short in...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see AUDJPY here in a beautiful ascending channel, with a cyclic oscillic movement inside of it. For as long as the channel remains, we will be able to do two things: 1) Scalp each price movement with a short on the top trendline and a long on the bottom trendline 2)...
Hello Bunny's, here is my analysis for AUDJPY. Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
Here is a complete view of the AUDUSD sell setup im trading today
Hello, I am back this time with a Forex Idea. From my TA, I think AUD/USD can test 0.59580 once again, slightly below would be my take profit. Have a good day!
Happy Morning Traders! You saw the long position yesterday, due to the movement last night i believe we will be seeing some bullish action on the australian dollar today meaning some quite possible short movement. Shout out some of the leaders on here I saw looking at this same setup, great minds think alike... :) Happy Trading Family, Please Remember you...
The Australian dollar is recovering today! on EURAUD the pair reached an important decision point - 1.815 is a key structure support level look for a breakout trade and sell the pair in case of a 4H candle close below the underlined area. initial target will be 1.75! good luck!