AUDJPY Sell at 86.8Hi traders!I hold a point:Good charts does not need more words to explain! Good luck!
Audjpyforecast
AUDJPY 15M LOWER TIME FRAMEThe price is consolidating at the current level - We take short position at 86.50 level and book profit at 85.20 - The setup will invalidate if the price breaks 87.50.
For your Info, we see this pair at 90 level in a weekly higher time frame charts.
AUDJPY - LONG TERM WEEKLY ANALYSIS !!We expect the price will move upwards on a long term weekly technical analysis.
Take Entry @ 86.40
Take Profit @ 90.80
Stop Loss @ 76.00
AUDJPY bouncing nicely above support, remain bullishBuy above 85.34. Stop loss at 84.97. Take profit at 86.08.
Reason for the trading strategy (technically):
Price is bouncing nicely above our buying level from yesterday. We remain bullish above 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is bouncing nicely above strong support at 5.5%.
AUDJPY profit target reached, time to go bullishBuy above 85.34. Stop loss at 84.97. Take profit at 86.08.
Reason for the trading strategy (technically):
Price reached our profit target for the 4th time in a row. We turn bullish above 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is approaching strong support at 5.5%.
SHORT TERM SELL IN AUDJPY - 2H CHARTHey Guys,
We are in the begining of the C wave from an Elliott Impulse.
As simple as this. B wave is over with the break of the main trendline and now we have a clear flag.
Sell the breakout!
Carlos
