Here we are actively in the market for further downside in AUDJPY after retesting 78.6. => From a fundamental perspective the outlook in Australia continues to weaken. Credit, housing and confidence are all slowing and a dovish RBA is the icing on the cake. => The "positive" headlines this morning from the US-China trade is increasingly priced in and we see...
Poor AUD data overnight with building approvals dropping 8.4% for the month of Dec vs expectations of +2% took AUD down overnight leading to a 40pip bounce in GBPAUD. The pair is in process of forming head and shoulders with the spike on poor data failing to breach the neck line at 1.8100 area. This is now the third day in a row to fail to break above 1.81 and...
Short, Double Top on H4, with two long wicks (my favorite)
Why I'm NOT BUYING just YET: - So far this is not a BREAKOUT - Wait for a Higher High / RS Flip - The first attempt to breakout was rejected with long wick Looks like a fakeout so far... If you are SHORT: - Stop above the last high - Around ~ 0.726 Possible lower targets lined out below...
Wait for a break and close below the wedge to enter. Watch price action closely when we hit the lower support fractal as it's a strong weekly level. Depending on the price action you can consider closing 50% of your trade and moving your SL to BE or taking all of your profits - it depends on your trading style. The risk to reward on this trade is very good so...
We've just broken a wedge on AUDJPY which activated shorts. With the current market sentiment this is a great pair to be short. The targets are indicated on the analysis - it's up to you to place the proper stop loss. Happy trading!
this has hit the 0.618 fib retracement personally will watch this closely as it might retrace to about 0.382. i am expecting this to drop. once it breaks the blue line, should hit the 1.618 fib extension like, follow and comment :) see previous chats especially the weekly one too
The only way I see this going is down, I posted an analisis 2 weeks ago about the .71500/ .71000, but i can really see this going all the way to .70000 and thennn come back posibly to .73500, but thats too far out to tell, this month is looking pretty bearish.
- AUD/MYR - Possible Inv HVF - Short - Took an early entry - risky trade
AudUsd - H4 - Sell setup on aussiedollar already triggered.
The pair has finally come out from the consolidation and now is trading below this range. The move was pretty abrupt and was supported by increased volume. Also we need to point out the level of resistance 0.7811, where large volume is concentrated. Given the facts above, we should open short positions after a smooth upward correction to obtain a better price for...