According to this week’s JPY COT report we can see that the Yen is stacking up even more long contract positions. We can expect it to hold a strong position among most of the pairs surely till the end of the month. AUDJPY has been in an uptrend since the false breakout in March 2020 where it reached the 60.000 mark near the monthly critical area. Now it has...
Monthly Chart. AUD/JPY could possibly go UP. General trend is still on a downtrend but price has broken my first trade confirmation area. I'll wait a bit for more movement but I won't wait for price to hit my 2nd confirmation area. I'm just waiting for the present trend to switch and it's a GO for me. Hoping to see some massive pips :)
Hey, I am back with last forex idea this week, more to come in the next one, so don't forget to follow me. AUD/JPY has found support on strong support area, broke downtrend line and broke out of RSI range, I expect the price to reach at least the level of 75.500, 35 pips from now, I am already in. Good luck with your trading!
Trading suggestion: . There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. ...
Trading suggestion: . There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. ...
I've been watching GBP/AUD's daily chart's movement a few days back and I have a feeling that price may go up. I'm still reluctant to place a live trade because I'm still waiting for price to hit my little trendline but once it crosses over I'm in :)
EUR/AUD , D1, Up trade. I placed a live trade just now hoping that all will go well. Will refer to my exit chart after a few days :)
75.328 - 75.634 Add to Watch List Signal ID: 72672 Time Issued: Friday, 24 July 2020 04:00:15 GMT Status: open Entry: 75.328 - 75.634 Limit: N/A Stop Loss: 76.093 The Trend Follower Strategy has just sold AUDJPY at 75.481. The system recommends entering this trade at any price between 75.328 and 75.634. The signal was issued because our Speculative Sentiment...
just by support & resistance setup with trend setup
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.714). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.714). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
It's on the chart, 2am for me...bedtime.
::::::::::::AUDUSD:::::::::::::
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
For this one we are talking about an extremely disruptive swing that will continue to cause high beta FX outflows in the immediate term. The nice problem we have on our hands with this, is that we are now entering into a new long-term bullish trend for AUDUSD. So we 'know' this pullback will have a minimum flow towards the 0.650x handle before bulls have to deal...