DOVISH statement by BOJ and ECB, Cause the asset price jump up. While, the carry trade could possibly continue, the AUD could jump back to upppter trend with the asset price, BOJ as I said few days ago, they can't let the JPY to appreciate further. This will hurt the export company and bring down the headline inflation.
With the fibonacci fan speed resistant...
On Friday we saw a sharp reversal from the lows and it's looking like we have more upside potential for now possible to grab a 100 pips or so in this setup.
FX:AUDJPY
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
CRAB
Point B:
38.2% to 61.8% XA
Point C:
38.2% to 88.6% AB
Point D:
161% ext XA
224% to 316% ext AB
Target:
TP1 61.8% CD
TP2 127% CD
Safe trades;
FX:AUDJPY
Short-term bullish & bearish IF completed (IF=THEN)
Check previous published idea "Short the 618 and buy the bulls // IF=THEN ®": - Monthly Chart*
link below
CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
Safe trades;
corrected the idea title, If the pattern completes to D it would be a bullish bat pattern
would have a petty good risk reward if it completes. I believe the conservative TP's would be the .382 (903748) &.618 (91.236). I've heard of aggressive targets of as high as 1.272 (92.592). I personally would probably go with the .382 and manage it from there.
there is...
The chart shows a potential bearish Gartley pattern completing with major structure resistance above X-leg. We are not risking a lot in this trade for a potential full pull back to previous low (A-leg).
Any thought?
