The pair has started showing signs of reversal as we are seeing lower lows being made, however, this might just be a market correction so one would need to wait for price to break the 1.21000 mark before Shorting the trade.
Goodluck!
Price broke downtrend that dates back from Feb '20. We also just broke the 0.67000 resistance zone and are heading to the next target which 0.7000.
Also looking to trade up to 0.71000 (provide it breaks the 0.7000 resistance zone).
Remember to use proper risk management.
Goodluck!!!
AUDJPY just broke the trend line and is currently busy with the retest. We can start buying as soon as the retest completes and get candle confirmations... later today or early next week.
TP is around 66.500- 67.00 for the gunners and swing traders can trail stops until satisfied.
REMEMBER: Use proper risk management.
Goodluck!!! :)
Price pushed through the uptrend-line which indicates a possible sell as soon as it breaks the support line @0.90750.
You can pick your own targets.
NB: WAIT FOR BREAKOUT AND RETEST BEFORE SELLING THE PAIR!!!
Use proper risk management- Goodluck :)
NATTY failed to break support on March 9. It then to rallied up to the 200 mark but also failed to break the resistance and retraced all the way back to the 0.618 Fib zone. Now that gives us confidence thAt we will continue going up.
Target marked at 1.950 (bee zone)... But that's for the gunners. Runners might want to trail their stops and see what happens....
The pair has been on a down trend for a while now and I think its only fair for it to do a pull back and take a breather.
I still think that it still needs to push down even further as the momentum (Weekly + Daily) still support the downside.
With that said, one needs to watch carefully what happens in the next couple of day(s) as it is on a critical support...
POSSIBLE SHORT AT BREAK OF TREND LINE WITH BEARISH FLAG VISIBLE ON D1 AND H4 TIME FRAME.
ALTERNATIVELY YOU CAN WAIT FOR BREAK OF SUPPORT AREA (50% FIB) FOR A MORE CONSERVATIVE ENTRY.
IF PRAICE FAILS TO BREAK BELOW, WE GO LONG (SCALP) AROUND $65/6.00 TO THE RESISTANCE AREA.
MONEY EITHER WAY :)
GOODLUCK!!!
-Price bottomed put at 10.07800.
- Price also broke the trend line and the .786 Fib zone. Aiming for .618 via the H4 and we'll see what happens thereafter.
Imminent sell.
High probability swing trade. Just be patient and sell at break of trendline, alternatively wait for retest before entry.
Don't forget to exercise proper risk management Goodluck!
