We wish that our analysis could be helpful on your trades. Here is an update for AUD/JPY, envisage for PRICE BREAKOUT. It would be a great idea to SELL on 84.677 and place your TARGET at 84.372
We hope that our analysis can help you in your trading. This is an update for AUD/JPY, it is predicting for PRICE BREAKOUT. It would be a great idea to SELL on 81.483 and place your TARGET at 81.294
Look to go long on this pair once the side ways consolidation results in a breakout to the up side for wave 5. expect some price swings to wave 5 completion.
Trade your plan.
AndyG
We hope that our analysis can help you in your trading. This is an update for AUD/JPY, it is predicting for PRICE BREAKOUT. It would be a great idea to BUY 85.730 on set your TARGET at 85.799
I HAD AN ORDER LAST NIGHT LONG AUD/JPY . I WAS TRIGGERED INTO THE TRADE OVERNIGHT WHICH IS A BIT OF PET HATE OF MINE AS WE SEE TIME AND TIME AGAIN THAT EUROPEAN AND US MARKETS SEEM TO REJECT THE ASIAN SESSION. HOWEVER MY CONFLUENCES ADDED UP WITH MY TRADING PLAN, I WAS IN.
UNPREDICTABLE AND UNFORTUNATELY FOR BRUSSELS THEY HAVE COME UNDER A SEVERE TERRORIST...
Aussie dropped as expected from the beginning of the week against Yen after a strong rally. This retracement might continue for next few days as BOJ in not planning to add any stimulus. Commodities might pick up and that can drive Aussie higher.
From technicals perspective 50% Fib retracement with support zone might be a good buying place for a longer term carry trade.
The pair has broken out of the corrective structure and it looks good to buy on a smaller degree correction to the downside towards the broken structure.
Possible swing for this pair and target and stop losses. Reason for long will be provided below:
1) double bottom formation
- As you can see from the chart, valid double bottom form around 80.00. Reason being the closing of the price doesn't break the previous low. This gives us a confluence in supporting that the price will be bullish.
2) Candles keep...
Hi traders,
Just doing my analysis for the week and thought I would throw up some of my ideas for consideration.
I have noticed a double bottom form within the descending triangle here recently. My theory is that if price breaks through the resistance level at around 83.500 there will be room for an entry up to around the 88.000 mark which will complete the...
TRADE ENTRY TRIGGERED ON FRIDAY ....PRICE RETRACED TO LEVEL OF ENTRY......
NOW WE WAIT AND SEE WHAT PRICE TELLS US - LOOKING FOR A STRONG NEW HIGH TO ENABLE SL MOVE
The Aussie has become somewhat neutral currency due to the halting of monetary easing giving the opportunity for the AUD to rally from lows against weaker currencies. On the JPY side of the trade the BoJ are actively intervening in the FX space to keep their currency weak. The dangers of this trade are the safe haven flows strengthening the JPY momentariy. However...
