Aj
AUDJPY DOWNSIDE - 72 / 71Capped at fibonacci with a potential head and shoulders pattern, the price needs to return back to it's smoothed moving averages. With the current riots and negative economics surrounding the US Dollar this week, this may be a case of JPY picking up speed for safe haven.... Enjoy!
audjpy looking for buy The Australian Dollar inched lower on Friday, but still managed to close higher for the week. The Aussie continued to be supported by the Reserve Bank’s (RBA) optimistic outlook for the economy, but gains were likely capped by the strong U.S. economy and uncertainty over the economic impact of the coronavirus on China’s economy, Australia’s largest trading partner.
On Friday, the AUD/USD settled at .6714, down 0.0005 or -0.08%.
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AJ TP Hit: An Easy +200 pips, 1 week, 1 TradeAUD/JPY: +200 pips
This trade has hit our downside targets of 74 and 75. We've now closed the remainder of this position at 74. (+200 pips). Overall, this trade had NO drawdown, and was a great example of the trades we take every week; there's no point when 1 RIGHT position can earn us +5% in one trade while day traders are struggling with their 20 pip daily goal.
01:01:13 (UTC)
Mon Jan 27, 2020
Monthly resistance rejected! Daily candle closed below Open your eyes and look very closely at the chart.
If you can't see anything just follow the following procedure:
(i) Open your MT4/MT5 client terminal
(ii) Withdraw all amount that is available.
(iii) Look for other business ventures to invest in because trading is just not for you!