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Aud_jpy

AUD/JPYWe are in a correction looking to break out. I am suspecting a little more down before a move up to break the blue trend line. If price drops below the last low 79.045 I will draw a trend line 80.453 pivot and trade a break out of that LTF TL. If price drops back to the .50 near the green daily TL I will watch carefully for a bull signal. (a higher risk trade). If price breaks out strongly above the blue 4 hr trend line I will wait for the small correction and trade that break out. See my breakout plan on the link below. If you like the breakout plan please let me know and I will repost it for others. Educate yourself, crate a trade plan, validate your ideas with other trader's ideas. Own your trade good or bad. If someone never admits they were wrong in trading they are a bold faced liar.
Long
by nahidik
AUD/JPY Head & Shoulder Pattern :pWell i tried drawing the elliot waves, and after drawing all waves, it looks like head & shoulder pattern. I think Price can fall again below the Golden Ratio 0.618 area.....As if we note the gap, it shows that price broke below this neckline earlier...but made a temporary swing from 38.2% area.....According to the daily time frame, it is still possible to see this happen TP target is expected to be around 92.07¥. SL will be 97¥ Good luck :)
Short
by aslamhammad
AUD/JPY BounceAUD/JPY Strategy: Long The AUD/JPY pair has been rallying since early April and occasionally has reversed creating a bullish trend line. This line has been tested especially on 5/7 through 5/11. This consolidation led to another rally which has since retraced and is now testing that trend line. Price at the moment is at approximately the 61.8% retracement of the 5/11 price low (94.78) and the 5/13 price high (97.28) starting this week at 95.81. SInce the rate cut in early May has not dissuaded traders from buying the Aussie instead of the Japanese Yen, we have no reason to believe this will change. Notes from the prior monetary meeting will be released on Monday but since we have already had the rate cut the notes will be anti-climactic. We should expect price will bounce here and higher prices are ahead in the AUD/JPY pair. See the chart
Long
by positionforex
Short opportunity on AUD/JPYThe aussie-yen cross tested a trend-line resistance at 93.30 yens Friday, and price action before the week's close suggests renewed selling pressure starting on Monday. 91.80 and 90.80 seem like plausible targets for short positions below 93.30. If the TL resistance breaks, however, I'd be rather bullish with an initial target of 94.50 given that prices are attempting to bounce off of a long-term TL support extending from the 2009 lows. Watch this pair on Monday.
Short
by ABRAK75
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