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Audjpysell

AUDJPY breaking our as expected, remain bullishBuy above 88.04. Stop loss at 87.59. Take profit at 89.09. Reason for the trading strategy (technically): Price has finally made a bullish exit of its triangle formation. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,3,1) is seeing major support above 7% and also sees bullish divergence vs price signalling that a reversal is fast approaching.
Long
by MEX_Exchange
AUDJPY forming a nice reversal pattern, remain bullishBuy above 88.04. Stop loss at 87.59. Take profit at 89.09. Reason for the trading strategy (technically): Price is finishing its triangle configuration which is a sign that a reversal is impending. We look to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,3,1) is seeing major support above 7% and we expect a stronger bounce above this level soon.
Long
by MEX_Exchange
AUDJPY right on buying level, remain bullishBuy above 88.52. Stop loss at 87.89. Take profit at 89.66. Reason for the trading strategy (technically): Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,3,1) is starting to bounce nicely from our 5% support and ha good upside potential.
Long
by MEX_Exchange
1
AUDJPY right on buying level, remain bullishBuy above 88.52. Stop loss at 87.89. Take profit at 89.66. Reason for the trading strategy (technically): Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,3,1) is starting to bounce nicely from our 5% support and ha good upside potential.
Long
by MEX_Exchange
AUDJPY testing major support, time to start buyingBuy above 88.52. Stop loss at 87.89. Take profit at 89.66. Reason for the trading strategy (technically): Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,3,1) is seeing support above 5% and also sees bullish divergence vs price signalling that a reversal is impending.
Long
by MEX_Exchange
AUDJPY remain bullish for a further push upBuy above 88.92. Stop loss at 88.40. Take profit at 89.79. Reason for the trading strategy (technically): We look to continue to buy above major support at 88.92 (Fibonacci retracement, horizontal overlap support) for a further push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,3,1) is bouncing up nicely from our 5% support and still has some upside potential to go which coincides with the wise we expect in price.
Long
by MEX_Exchange
AUDJPY holding well above our ascending support, remain bullishBuy above 88.92. Stop loss at 88.50. Take profit at 89.79. Reason for the trading strategy (technically): Price is seeing strong support above 88.92 (Fibonacci retracement, ascending support) and we expect to see price continue on its bullish trend by making a push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,3,1) is seeing strong support above 5% and we expect a bounce above this level.
Long
by MEX_Exchange
AUDJPY look to buy on weakness to play a further riseBuy above 88.68. Stop loss at 88.33. Take profit at 89.47. Reason for the trading strategy (technically): Price continues to rise in our bullish channel. We look to buy on weakness above major support at 88.68 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a further rise towards 89.47 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) remains above our ascending support line signalling that we have not seen the end of our bullish momentum.
Long
by MEX_Exchange
AUDJPY dropping perfectly as expected, prepare to sell Sell below 88.68. Stop loss at 89.40. Take profit at 87.91. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area as expected. We tighten our stop loss to protect our profits. Now we look to sell further when price breaks 88.68 support (Fibonacci retracement, double top confirmation) and we will ride the drop all the way down to 87.91 support (Fibonacci retracement, horizontal overlap support). RSI (34) sees an ascending support line hold it up. Only a break of this ascending support would confirm the drop we’re expecting on AUDJPY.
Short
by MEX_Exchange