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AUDJPY Has Made A Bullish Exit, Time To Start Buying AUDJPY has broken key resistance levels triggering a bullish exit from here. Good opportunity to start buying. Buy above 81.46. Stop loss at 80.94. Take profit at 82.49. Reason for the trading strategy (technically): Price has broken out of key descending and horizontal resistance triggering a rally above 81.46 support (Fibonacci retracement, horizontal overlap support, breakout level) to push prices up to at least 82.49 resistance (Fibonacci retracement, horizontal swing high resistance). We have to be cautious about intermediate resistance at 82.09 (Fibonacci retracement, horizontal swing high resistance). RSI (89) has made a similar bullish exit signalling that we’ll likely see a strong bullish acceleration from here.
Long
by MEX_Exchange
AUDJPY Has Bounced Perfectly, Remain BullishAUDUSD touched our buy entry and bounced perfectly, we will remain bullish for a further rise. Buy above 81.47. Stop loss at 80.75. Take profit at 83.31. Reason for the trading strategy (technically): Price touched our buying entry and bounced absolutely perfectly as expected. We remain bullish above 81.47 support (Fibonacci extension, major horizontal swing low support) for a bounce up to 83.31 (Fibonacci retracement, horizontal overlap resistance). We do have to be caution of intermediate resistance at 82.56. Stochastic (34,5,3) is seeing major support above 6% where a corresponding bounce could occur.
by MEX_Exchange
3
AUDJPY plunged perfectly to profit target, prepare for a bounceAUDJPY has reached our profit target and is poised for a bounce. Buy above 81.47. Stop loss at 80.75. Take profit at 83.31. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above 81.47 support (Fibonacci extension, major horizontal swing low support) for a bounce up to 83.31 (Fibonacci retracement, horizontal overlap resistance). We do have to be caution of intermediate resistance at 82.56. Stochastic (34,5,3) is seeing major support above 6% where a corresponding bounce could occur.
Long
by MEX_Exchange
AUDJPY prepare to sell on break of major supportAUDJPY has broke our intermediate support but still has to break a big support level to open a bearish move. Sell below 83.30. Stop loss at 84.06. Take profit at 81.58. Reason for the trading strategy (technically): Price has made a bearish exit of our ascending support-turned-resistance line and still has one major resistance to break to open a big bearish drop. We look to sell on the break of 83.30 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a drop all the way to 81.58 support (Fibonacci extension, horizontal swing low support). RSI (34) has made a similar bearish exit signalling that a drop could also be on the horizon.
Short
by MEX_Exchange
1
AUDJPY testing strong resistance, prepare to sellAUDJPY is seeing multiple strong resistances giving us a good opportunity to sell. Sell below 83.30. Stop loss at 84.27. Take profit at 81.58. Reason for the trading strategy (technically): Price is testing major resistance at 83.30 (Multiple Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at this level to push price down to 81.58 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is also seeing major resistance below 88-95% resistance where a corresponding drop could occur.
Short
by MEX_Exchange
1
AUDJPY approaching major resistance, potential drop!AUDJPY is approaching strong resistance at 83.31 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to major support at 81.56 (Fibonacci extension, horizontal swing low support). We do have to be cautious about our intermediate support at 82.12 (Fibonacci retracement, horizontal overlap support) as that level needs to be broken to open a further move down. Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
AUDJPY testing strong support, prepare for a bounceBuy above 84.57. Stop loss at 83.63. Take profit at 86.58. Reason for the trading strategy (technically): Price is now testing major support at 84.57 (Multiple Fibonacci retracement, horizontal swing low support, Fibonacci extension, Elliott wave structure) and a strong bounce could occur at this level to push price up to at least 86.58 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above 6.1% where a corresponding bounce could occur.
Long
by MEX_Exchange
AUDJPY approaching major resistance, prepare for a drop!Sell below 88.41. Stop loss at 88.76. Take profit at 87.49. Reason for the trading strategy (technically): Price is approaching major resistance at 88.41 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect a strong reaction off this level to push price down towards 87.49 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 97% where a corresponding reaction could occur.
Short
by MEX_Exchange
AUDJPY profit target reached for the 4th time, prepare for dropSell below 88.18. Stop loss at 88.41. Take profit at 87.73. Reason for the trading strategy (technically): Price dropped from our selling area perfectly and reached our profit target once again. We now see price testing our intermediate descending resistance line and we look to sell below resistance at 88.18 (Fibonacci retracement, descending resistance, horizontal swing high resistance) for a further push down to test 87.73 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support) once again. RSI (34) sees multiple descending resistance line holding price down really well.
Short
by MEX_Exchange
1
AUDJPY profit target reached again, prepare to sellSell below 88.40. Stop loss at 88.66. Take profit at 87.91. Reason for the trading strategy (technically): Price rose to our selling area and reacted off it perfectly to drop right to our profit target once again. We look to once again sell on major resistance at 88.40 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a drop to at least 87.91 (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance below 96% where a corresponding drop could occur
Short
by MEX_Exchange
1
AUDJPY profit target reached once again perfectly, sellSell below 89.18. Stop loss at 89.43. Take profit at 88.68. Reason for the trading strategy (technically): Price has bounced perfectly from our buying level and reached our profit target once again. We prepare to sell from 89.18 major resistance (Fibonacci extension, above major swing high resistance) for a reaction off this level to push price down to at least 88.68 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 98% where we expect a strong corresponding reaction from.
Short
by MEX_Exchange
AUDJPY dropped perfectly as forecasted, prepare for a bounce Price has dropped absolutely perfectly as forecasted and has reached our major support level. A strong bounce could occur at this major support level 88.43 (Fibonacci retracement, horizontal overlap support) which could drive price up towards 89.03 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 2.6% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
2
AUDJPY profit target reached perfectly, prepare for a bounceBuy above 88.37. Stop loss at 88.11. Take profit at 89.01. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and reached our profit target perfectly. We look to buy above major support at 88.37 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 89.01 resistance (Fibonacci extension, horizontal swing high resistance) once again. Stochastic (34,5,3) is seeing support above 4.5% and 10% where we expect a corresponding bounce.
Long
by MEX_Exchange
1
AUDJPY experiencing major resistance, potential upcoming drop!Price is now testing major resistance at 89.00 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and a potential major reversal could occur at this level to push price down towards 88.43 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
AUDJPY testing major resistance, prepare for a dropSell below 88.98. Stop loss at 89.22. Take profit at 88.41. Reason for the trading strategy (technically) Price is testing major resistance at 88.98 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and we expect to see a strong reaction off this level to push price down towards 88.41 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 96% where further bearish momentum is expected.
Short
by MEX_Exchange
2
AUDJPY dropped perfectly, remain bearish for a further dropSell below 88.43. Stop loss at 88.70. Take profit at 87.24. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area yesterday before bouncing above our ascending support line. This ascending support line would need to be broken to trigger a strong bearish move down. We still remain bearish looking to sell below major resistance at 88.43 (61.8% Fibonacci retracement, Elliott wave corrective structure) for a drop towards 87.24 support (Fibonacci extension, horizontal swing low support). RSI (34) sees major descending resistance line acting as resistance to push price down from here.
Short
by MEX_Exchange
1
AUDJPY forming a nice reversal pattern, remain bearishSell below 87.89. Stop loss at 88.47. Take profit at 86.69. Reason for the trading strategy (technically): Price is forming a nice reversal below 87.89 resistance (Fibonacci retracement, Elliott wave structure, triangle formation) and we expect to see a nice break out from here to push price down towards 86.69 support (Fibonacci retracement, horizontal overlap support). RSI (34) is right on pullback resistance where we expect a corresponding drop.
Short
by MEX_Exchange
AUDJPY dropping perfectly as expected, remain bearish looking Sell below 87.89. Stop loss at 88.47. Take profit at 86.69. Reason for the trading strategy (technically): Price has continued to drop strongly as expected after breaking our major ascending support line. We remain bearish looking to sell below 87.89 resistance (Fibonacci retracement, horizontal overlap resistance, Elliott wave structure) for a further drop to at least 86.69 support (Fibonacci retracement, Fibonacci extension, horizontal support). RSI (34) remains in a descending channel and is approaching pullback resistance.
Short
by MEX_Exchange
2
AUDJPY has broken our support triggering a bearish moveSell below 88.46. Stop loss at 89.21. Take profit at 86.69. Reason for the trading strategy (technically): Price has finally broken our ascending support and overlap support at 88.46 to trigger a strong bearish move. We look to remain bearish and sell on strength below 88.46 (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 86.69 support (Fibonacci retracement, horizontal support). Our next intermediate support level to watch out for is 87.62. RSI (34) is now in a bearish descending channel and we expect this to continue till it finds new support.
Short
by MEX_Exchange
AUDJPY setting up for a strong reversal, prepare to sell Sell below 88.46. Stop loss at 89.21. Take profit at 86.69. Reason for the trading strategy (technically): Price is starting to reverse below strong resistance at 89.21 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we need to wait for a confirmation to go short on this trade. Price would need to break our ascending support line and also support at 88.46 (Fibonacci retracement, horizontal overlap support) to trigger a bearish move from here towards 86.69 support (Fibonacci retracement, horizontal support). RSI (34) sees major bearish divergence vs price signalling that a reversal is impending. We can also see a bearish exit as a precursor that a reversal on price is impending.
Short
by MEX_Exchange
1