AUD USDThe aussie is having a good run while the dollar is showing signs of weakness.
However the levels are lining up to the weekly supply zone - we will see if the aussie fakes out the buyers at the 0.672, however we have a minor zone which will need testing for another possible short.
The long term effect of weekly swing S&D is our aim here.
If you like our setup and work, please leave a comment, like.
Please not these are only setup zones to look for sells - price can move and you have to act reactively in the market*
Thanks,
Lupa
Lupacapital
GBP JPYYen is gaining strength across all pairs right now as hedge funds, banks look to be gearing up for some good strength.
We saw a great retest of the supply zone as anticipated. This fell in line with our fibonacci retracement as shown on the chart.
Next up we will look for further entries, only on impulse positions after corrections.
Zoom into the 1 hour to get a better scale on where to enter - especially in swing trades.
Now we are on set and forget.
Good luck.
Lupa
EUR JPYWe have seen a great opportunity to short from the 61.8 fib retracement
or between 50-61.8%.
A good impulse to the downside has been shown, where after an impulse a correctional move is always followed. . Just awaiting the supply to pinpoint the short option.
From here we will zoom in and look for the sign of rejection or liquidity spike.
Target 114.2
2x lots
close 1 at 50pips
run x1 lot to close, moving stop loss.