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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.
AUDJPY potential head and shoulders pattern
waiting for price to break above neckline to go LONG
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 ...
Looking for market to find support around the .618 Fibonacci retracement level in line with previous structure. Lower timeframe confirmation needed, don't blindly enter
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
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).
one of my usual analysis here. The blue box you see on the chart is a support zone drawn on the daily timeframe. That's important because i knwo that i'm looking to long as long as we are in the structure zone, not above, not below. And it is also important to place the right stop loss limit, for i know i'm wrong as soon as price breaks to the ...
i want to share with you this analysis i've made on audjpy. In the bigger picture (daily timeframe) price has recently broke and closed above a structure resistance, signaling the intention to go higher. Assuming that, i'm now looking for long opportunities down on lower timeframe (such as the 4H). Here we can see price is pulling back into the previous ...
audjpy long trade
RSI below 20
Daily momentum up
1H momentum up
Price rejecting trend line
Price at previous support/resistance level
Pin bar + closing above on 15m chart
61.8% Fib Retracement
today i want to bring you some pure technical analysis. As you can see on the chart above, i've written down some simple rules. As a trend continuation trader you want to follow the major trend: in order to do so having the big picture is key. The break of structure you see here is in fact a multitimeframe break of structure, since we've also broken the ...