Audjpy-short
AUDJPY Possible Evening Star Bearish FormationSee notes on chart.
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AUDJPY Countertrend timeAs we noticed from 2 weeks before AUDJPY parrity made its Highest high point which was also predicted as strong resistance which 89.50 Band. Adding to this significant drops at volality in August triggered this chart to start it's countertrend as 8th month started. Now chart holds 86.25 point which forms a good opportunity to sell. 86.10 is the key level which will be a strong support to pass for AUDJPY but closure below this band will lead 85.50 and 84.35 band to us. 85.50 band holds weekly support level and 84.35 holds fibbo %-27 level to reach.
AUDJPY - D - SHORT - TDIGood RR here but risky trade as counter trend. I don't see this pair pullbacking below 85.5 but there is a possibility that it goes straight north in the next minute. However a healthy pullback is what I'm waiting for. But is the market healthy?...
GL HF
Aussie Yen broken support, faces bearish resistancePretty straight forward idea given the strong trend rejection. Good luck to all! SL is a close above resistance. TP is 100+ pips
Thank you everyone :)
AUDJPY SHORTBeers showing power expect to rets POC 88.203 and than countinuation of SELL OFF.
Another reason is 2015/12/03 was from this area strong sell of bears dont want go price higher.
AUDJPY SHORTOANDA:AUDJPY
GO IN SHORT AFTER RESISTANCE IS FORMED AT THE UPPER LINE, EXIT IF TREND BREAKS
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CCPI
AUDJPY Short based on daily overbought technicals.AUDJPY looks to have a double top on the daily. There is a firm rejection candle on the 27th indicating a reversal is probable. The RSI has crossed down from being in overbought territory. The MACD has also crossed down. The OBV has crossed it's EMA and trending down as well, this is indicating some distribution and selling happening. I am looking to short on a close below the 27ths low.
Expecting three waves corrective patternThe bullish impulse wave (first 5 waves) probably has finished. The small impulse wave (2nd 5 waves) is going to make.
I am expecting AUDJPY to fall at least for a short period of time
AUDJPY completed bear cypher and incomplete bullish batI apologize for the rough drawing, it is an approximation as I am currently in this trade/on the fly. bear cypher completed @ 88.097, possible bullish bat forming with PRZ @ 87.678. Holding short to test point B on bat (point C on cypher, same level). Could possibly see flush down to the Bat's PRZ @ 87.678 for a bat completion. Holding tight! Tops placed a couple of ticks above current high @ 88.144.
Cheers! Happy Trading.
-John, J1TFX
AUDJPY MACD divergence shortA divergence has formed on the MACD together with stochastic oversold conditions .
AUD/JPY Shorting on TL BreakHey Mates,
Here we have a couple of harmonic possibilities, I'm short once the price breaks the blue trend line. Taking profits and watching price action at 38.2 retrace. Will update. If you take the trade make sure it's because your rules say so. GL and happy pippin!
AUDJPY - 4H - SHORT - TDIA short term trade in order to catch a few pips. On daily we could go long but it seems the bullish rally is taking too long. That's another way to see it failing. So I'm taking the short based on 4H TF.
1st TP@82.5 and second TP in hell!
GL HF
AUDJPY Short Opportunity 33 pips2017-05-14
Triangle broke out bearish so we're clearly now in a down trend.
Confluence of two separate Fib Future D points at 83.400/83.442 indicates a strong probability of a continuation down to that level. There's 33 pips on the table here.
Longer targets could be looking at around 81.500's - previous structure, and a shoulder/head/shoulder formation to confirm lower push from the bears. Watch this space!
AUDJPY SHORT OPPORTUNITYThere is a AUDJPY bat in formation, price reacted weel to 88.6% of XA also is converging with the trendline, we look to short at current price, Initial Profit Objective is at lower trendline, fast trendline management is required if it breaks the trendline
