Price has overall been travelling in a DESCENDING channel, price hit the bottom of the channel and now price has broken above the mini descending trend line it was following quite strongly. we expect price to move down to the descending trend line as it has also formed an ascending channel wile breaking out.
We believe price will move up all the way to the top of...
As you can see after a decent rally this pair pulled back and touched the 50EMA and reversed with a bullish engulfed candle which suggest another bullish run at least to make a double top if not more. I have gone long on this one and marked the tp where the double top is.
Let me know if you agree or disagree and I would like to know your views...
AUDJPY was travelling in a triangle and it can be argued it was also travelling in an ascending channel. Price broke out of both structures to the downside and came back up to retest the structures before tanking all the way down to the previous support.
We have reached the 0.618 retracement level indicating a SELL opportunity, Our TP is at the -1.27 extension...
AUDJPY has been travelling in an ascending channel on the daily chart , more visible here
Price broke our of this channel to the downside and as shown above on the 4H char, price has been making its way up as a retracement. On its way up it has formed a trendline which has now been...
- 4hr showing rejections of Fib 0.786 region
- Higher lows
- AUD news based drop last night... technicals to continue the bullish move.
Move stop loss to breakeven when price moves 30 - 40pips in profit to remove exposure on this fairly aggressive trade.
Looking at daily chart for AUDJPY it looks like once it breaches next resistance at 84.40 it might continue upward.
I have placed a buy stop order adding to my existing trade from last week which is 136 pips up.
Here we have an almost perfect Gartley pattern formed on the daily chart, Price has already respected this formation and bounced from the area of interest #1 acting as support. We are now quickly approaching the area of interest #2 which price has previously reacted from, so if we can see a break past this area our next target will be the area of interest #3 which...
this is what i'm looking at this morning: as you can see on the left hand side of your screen (daily chart), price is having rough times breaking through 84.50 level. Looking back in the past, you can see this level has played both a role of support and resistance and this is telling us that it could act again as support. As a confirmation, i went down...
AudJpy - Weekly chart - I see price in a bullish structure and on a great zone to enter a buy trade with great risk to reward of over 7:1 and possibly hold the trade for 3 months. Swing trade based on weekly time frame.
this is a crucial zone on AUDJPY and i was monitoring this specific price level because we've had multiple structure points on the daily.
Therefore i was looking for a buying opportunity, since the overall trend is bullish. When i went on the hourly chart i noticed a double bottom formation followed by a break of structure to the upside.
This gives me...
plain and simple: this is an harmonic pattern (specifically a Gartley Pattern) that's been setting up on AUDJPY. Its B point is very deep, therefore its D completion point will come at a very low level, giving us an amazing RR ratio for this kind of patterns. As usual, stops below X, targets at 382 and 618 of AD. Trade safe!
If you have any...
1.Weekly Trend line broken
2.Support broken Resistance valid
5.Profit margin 1:3
Price action formed inside candle which means bears could not breach the previous low, Price created the inside bar then price retraced back to previous strong support.
the aussie has shot up against all currencies and has produced an incomplete sequence suggesting that significantly higher prices are likely. To take a trade we need to see a significant pullback against the trend, this AUDJPY would appear to offer the best prospects, the recent rise was impulsive and looks potentially over extended. I would like the pullback to...
The mantra continues 'Buy the dips in the Yen Pairs' a significant drop in the USDJPY has lead to many of the yen pairs beginning a correction lower, as the commodity currencies are benefiting from surging commodity prices I am looking to catch the end of their pullbacks, This AUDJPY has the best structure with a 3 wave correction currently playing out. A note...
Buying the yen pairs remains an attractive proposition and each time one begins to pullback it offers the prospect of a trade.
This AUDJPY has begin to pullback and may complete that pullback in 3 waves as it reaches the blue buying area. It is not the ony yen pair i am tracking so it may not be taken if one of the others looks more promising at the time