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Symmetrical Triangle Setup on AUDJPY with a Target of 83.50Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The FX Cross AUDJPY appears to be in a symmetrical triangle setup with the support line along the higher lows of 77.87 and 78.80 while the resistance trend line is at 82 and 81.35. There appears to be a breakout in the resistance trend line. Expectations are for AUDJPY to rally towards 83.50. Failure of this move will be observed if AUDJPY declines towards 79.75. Technical Indicators AUDJPY had positive crossovers on its short (50-MA) medium (100-MA) and long (200-MA) fractal moving averages. The FX Cross is trading above these respective MAs. Technical indicators are also complementing the bullish nature of the current setup. The RSI is trading above 50 while the KST recently had a positive crossover. Recommendation The recommendation will be to go long at market, with a stop loss at 79.75 and a target of 83.50. This produces a risk/reward ratio of 1.35. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in AUDJPY.
Long
by Ceddy86
1
Symmetrical Triangle with Breakout in NZDJPY Towards 78.50Trend Analysis The main view of this trade idea is on the 30-Min Chart. The FX Cross NZDJPY is in a symmetrical triangle setup. The support trend line is connected by the 76.50 and 77 high lows while the resistance trend line is connected by the 78.11 and 77.60 lower highs. Expectations are for a breakout higher, with a target of 78.50. A failure of this setup will be observed if NZDJPY were to decline to 76.855. Technical Indicators NZDJPY has positive crossovers on its short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. The RSI is greater than 50 and there has been a positive crossover on the KST. Recommendation The recommendation will be to go long at market, with a stop loss at 76.855 and a target of 78.50. This produces a risk/reward ratio of 1.48. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in NZDJPY.
Long
by Ceddy86
VDJP Weekly - Starting to accumulate againFollowing the successful break of the bull flag and the quick follow through, there is no surprise that we are seeing a pullback on this ETF. I am starting to average back in after slowly taking profits from 27.50 (prior high) and above. There is no sign of a bottom here, but I am happy with the current price and will buy more if we move lower. The long term weekly picture is still positive as long as we stay above 24.50. I would still like to see 31/32 as a full target here.
LSE:VDJPLong
by gillyblore
CTS - J225This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual. The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
CAPITALCOM:J225Short
by CaliforniaTS
Symmetrical Triangle Setup on EURJPY with a Target @ 128.50Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The FX Cross EURJPY is in symmetrical triangle setup, where the trend lines are not parallel. Typically the target on the setup is the length of the highest high of the downward trendline and the lowest low of the upward trend line. While the symmetrical triangle is neither bullish nor bearish, given the current positions on the moving averages and the technical indicators, it is expected that the FX Cross will decline towards 128.50 from the time of publishing. A stop loss should be set a little above the resistance trendline at around 130.10. Technical Indicators At the time of publishing EURJPY is currently below its short (25-SMA), medium (75-SMA) and fractal moving averages. Also there has been a negative crossover on the KST, with the RSI trading below 50 and trending lower. Also, on multiple other timeframes, there are sell signals on EURJPY. These indicators support the bearish nature of the setup. Recommendation The recommendation will be to go short at market. Stop loss will be set around the 130.10 price level and a target of 128.50. This produces a risk-reward ratio of 2.28. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in EURJPY.
Short
by Ceddy86