Sell below 88.09. Stop loss at 88.71. Take profit at 86.69. Reason for the trading strategy (technically): Price is testing major resistance at 88.09 (Fibonacci retracement, horizontal swing high resistance) and we expect a strong drop from this level towards 86.69 support (Fibonacci retracement, horizontal support). Stochastic (55,3,1) is seeing major...
Buy above 84.78. Stop loss at 84.39. Take profit at 86.13. Reason for the trading strategy (technically): Price has continued to rise nicely from our buying entry. We remain bullish above 84.78 support (Fibonacci retracement, horizontal swing low support) for a further rise to at least 86.13 resistance (Fibonacci retracement, horizontal swing high resistance,...
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.
Buy above 85.36. Stop loss at 84.39. Take profit at 86.67. Reason for the trading strategy (technically): Price has dropped to our buying entry and bounced off perfectly. We look to buy on dips above 85.36 support (Fibonacci retracement, horizontal pullback support, price gap) for a further push up to at least 86.67 resistance (Multiple Fibonacci retracement,...
Buy above 85.36. Stop loss at 84.39. Take profit at 86.67. Reason for the trading strategy (technically): Price has shot up as expected and is fast approaching our profit target. We look to buy on dips above 85.36 support (Fibonacci retracement, horizontal pullback support, price gap) for a further push up to at least 86.67 resistance (Multiple Fibonacci...
Buy above 84.53. Stop loss at 83.57. Take profit at 86.67. Reason for the trading strategy (technically): Price has started to bounce nicely from our buying area and recent price action sees a bullish exit being triggered. We remain bullish above major support at 84.53 (Fibonacci retracement, long term horizontal overlap support, bullish divergence) for a push...
Buy above 84.53. Stop loss at 83.57. Take profit at 86.67. Reason for the trading strategy (technically): Price is starting to bounce off our buying level. We remain bullish above major support at 84.53 (Fibonacci retracement, long term horizontal overlap support, bullish divergence) and we look to play a bounce above this level to push price up to at least...
Buy above 84.53. Stop loss at 83.57. Take profit at 86.67. Reason for the trading strategy (technically): Price is on major support (Fibonacci retracement, long term horizontal overlap support, bullish divergence) and we look to play a bounce above this level to push price up to at least 86.67 resistance (Multiple Fibonacci retracements, horizontal pullback...
Buy on dips for a target to 88.39, stop below 87.52
Sell below 88.83. Stop loss at 89.35. Take profit at 87.65. Reason for the trading strategy (technically): Price has broken a really nice ascending support-turned-resistance line triggering a bearish move. We prepare to sell below 88.83 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 87.65 support (Fibonacci...
Sell below 88.92. Stop loss at 89.35. Take profit at 88.17. Reason for the trading strategy (technically): Price has dropped nicely from yesterday and we remain bearish below 88.92 resistance (Fibonacci extension, Fibonacci retracement, Elliott wave theory, bearish divergence) for a drop towards 88.17 support (Fibonacci retracement, horizontal overlap...
Sell below 89.31. Stop loss at 89.66. Take profit at 88.15. Reason for the trading strategy (technically): We prepare to sell below major resistance at 89.31 (Multiple Fibonacci extensions, swing high resistance) for a push down to at least 88.15 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 97%...
Sell below 88.15. Stop loss at 88.60. Take profit at 87.52. Reason for the trading strategy (technically): We remain bearish looking to sell below 88.15 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 87.52 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support). RSI (34) sees long term...
Sell below 88.15. Stop loss at 88.60. Take profit at 87.52. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and has reached our profit target. We remain bearish looking to sell below 88.15 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 87.52 support (Fibonacci...
Easy sell setup for AUDJPY. Going to the lower range and a chance on breaking it. Lower range is about 120 pips down. so when it gets there lock in 80 pips of profit by moving your stop loss and then wait to see if it breakout and goes all the way down to 85
Sell below 89.11. Stop loss at 87.52. Take profit at 89.61. Reason for the trading strategy (technically): Price is testing major resistance at 89.11 (Fibonacci extension, swing high resistance) and we expect to see a reaction off this level for a drop to at least 87.52 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) has...
Sell below 88.26. Stop loss at 88.68. Take profit at 87.27. Reason for the trading strategy (technically): Price has reached our selling area and reacted off it perfectly. We remain bearish looking to sell on strength below major resistance at 88.26 (Fibonacci extension, Elliott wave theory) for a continued drop to at least 87.27 support (Fibonacci retracement,...
Sell below 88.26. Stop loss at 88.68. Take profit at 87.27. Reason for the trading strategy (technically): Price is approaching major resistance at 88.26 (Fibonacci extension, Elliott wave theory) and we expect to see a reaction off this level for a drop to at least 87.27 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) has been...