SL @87.600 EP @87.000 TP @82.100 RRR: 8.17 Risk: (60 Pips) Reward: (490 Pips)
SL @ 88.4 EP @ 87.5 TP @ 82.1 RRR: 6.0 Risk: (90 Pips) Reward: (540 Pips)
AUD/JPY has broken below channel base support at 86.70 and is currently trading at 86.40, down around 1.5 % this session till now. Daily Stochs and RSI are biased lower, channel base breach opens to 85.31 68.1% Fib retrace of 81.97 to 90.72 rise. The Japanese Yen is seen as a beneficiary of safe haven flows today as soft Caixin China Mfg PMI dents risk appetite,...
I am considering a possible sell for the AUD / JPY going into 2016 off the back of the latest BOJ rate decision and policy statement. Price has clearly broken the consolidation support from earlier in the year and may be retesting prices for a continuation of the down trend. I have selected 2 modest targets with 50% of trade closed on target 1, 40% of trade closed...
We will be having a double top at level 88.06 perfect for short position. first target to be seen 87.58
The price is now moving to a crucial area of 86.00/86.13. We might a a strong bullish movement at this level with main target the previous high/resistance retest. We have a divergence with RSI so keep an eye on this pair.
AUD/JPY has been trading within a rising channel since Sept 2015 The pair has held baseline support in Friday's trade and edged higher, retrace upto 87.94 (38.2% Fib of 90.72-86.21 fall) likely RSI on 4H is at 45 and has room to run, Stochs have also rolled over from oversold levels, further gains likely On daily charts, price action has edged above cloud top...
-Possible bullish Harmonic pattern forming -Bearish MA cross over - Channel Completion on 4 hour time frame - Possible ABCD downside formation. Once each target has been met management must take place. If 88.600 is breached then the trade is no longer valid, upside targets highlighted in Red.
AUD/JPY broke and closed below channel base at 87.80 in Friday's trade, could see further lows On the day, the pair hit session lows of 86.51, but has kept above daily cloud, breaks below into the daily cloud could see further weakness, pair could then test 85.31 (61.8% Fib of 81.97 to 90.72 rise). Aussie weakness seen, markets completely ignored better than...
With regard to my earlier view of the AUDJPY structure breaking and paving view for further down side, while waiting for the confirmation today it looks like we have an opportunity to grab up a 100 pips or so with a risk reward ratio roughly greater than 1:1.
Major trendline support at 88.40 has been breached, we see further downside for the pair, test of 87.38 (38.2% Fib of 81.97 to 90.72 rise) likely MACD on dailies has slipped below zero, daily Stochs and RSI are also biased lower, Stochs on weeklies also support downside, show bearish crossover from overbought levels. Immediate resistance is seen at 88.58 (21...
Our AUD/JPY short call (link below) has reached targets, we advise booking full profits Ascending triangle pattern seen on AUD/JPY charts, the pair has been making successively higher lows and is narrowing down for a breakout On the day, the pair has tested trendline resistance at 88.04 and bounced back, is currently trading at 88.32, further weakness can be...
Aussie was hammered on poor Australia capex data, pushing AUD/JPY lower. The pair failed near three-month highs and dropped sharply thereon, down around -0.39% to 88.67. Renewed weakness in USD/JPY on the back of a minor correction after Wednesday’s rally, also accentuated the downside in the cross. The Yen will continue to benefit from risk aversion and safe...
Good morning traders. Today on FX:AUDJPY we have a potential bearish bat pattern on daily chart, which should complete @91.32 level. Stops should go above the red zone and our targets will be fibs 38.2 and 61.8. Watch the structure level 89.4, it is really nice resistance which could be hold. Avto_T Green...
Here is a very nice shorting opportunity. Bullish gartley with several confirmations: 1. weekly pp 2. 200MA 3. structure resist We have a very nice R/R for both targets. Both targets have structure backup if we look left. Avto_T Green Luck --------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you...
Summary: All signs are pointing to a significant breakdown in the AUD/JPY... Commodity currencies are under extreme pressure due to a global slowdown and suppressed commodity prices. In an extremely volatile and high risk market, investors will fly back into the Yen as a safe haven and dump commodity currencies. We also have upcoming rate cuts coming out of...
POTENTIAL COMPLETION OF XABCD PATTERN ON AUD/JPY, WITH THE COMPLETION LEG FINISHING ON THE 0.382 RETRACE OF LONG TERM SWING HIGH/SWING LOW. A BEARISH REVERSAL CANDLE ON 30M TIME FRAME MAY ADD TO FURTHER CONFIRMATION OF SHORT TERM SELLING, WITH THE 91.30 HANDLE ACTING AS STRONG STRUCTURE RESISTANCE. DAILY SUPPORT ACTS AS A NICE POTENTIAL PROFIT TAKING AREA, SHORT...