I expect AJ to respect the 82.000 level as support and go to 82.500.
I would like to see price to exit the channel testing the 9250 level and then retrace back up. I have identified previous areas on divergence within the rsi using the red vertical lines. Feel free to comment any thoughts or ideas & follow if agree.
SAN value per share is currently being traded at $6.52 per stock. Monthly high was December 3rd 2007 being at $22.34 per stock. Price level of $4.89 per stock has been a major level since is has been a strong support area. I could expect price to fall $1.63 per stock to $4.89 per stock then retrace back up to the $10.75 per stock since that would be the closest...
AUDJPY BUY STOP ENTRY: 82.200 TAKE PROFIT 1: 84.250 TAKE PROFIT 2: 86.000 TAKE PROFIT 3: 89.000 STOP LOSS: 78.700 ENTRY TO TP 3 is 679 PIPS Disclaimer: This is a trade idea and i am not solely responsible for any mishap or unsatisfactory caused by the trade going in the opposite direction.
Usd/Jpy completed a head and shoulders and is looking to retrace downwards.
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