We are very much in an uptrend on this pair and I see that continuing, although we have a few options on getting there.
Possible retrace into the trend line provided we can break historic support and the .50 fib levels, or we get caught above the 1.92 support level from 08/09 and see a push for the 2.06 level
Look to long AUDJPY.
Usual drama - price has encountered support from the daily timeframe, RSI oversold.
I'll keep track of this pair for now. At this RR, I'm happy to jump in at market open this evening.
The last week has seen a pullback to 84.6 support. RSI is in oversold territory.
I'm looking to get in long here, my only reservation is the obvious weakness of the last bounce from this support line.
I am still in favour of a buy position, and will keep an eye on this pair come the asian open this evening.
Simplest chart I've seen in a long time, this pair is approaching an area of strongly established support. I'll build a position on this pair come market open and the right PA.
SL below support, TP 0.952
#avoidingEURpairs
This pair is looking for its weekly trendline.
I think we see a move to the downside from the support-turned-resistance area at 1.61.
I'll keep an eye for some reversal signals around the current area before accumulating a small position downwards.
I'd estimate holding this trade for 20 days or so, target at 1.9, SL: 1.97
Update in the comments if I move on this...
The 200SMA on this pair has acted as support throughout February in what is a very ranging pair.
We see some selling pressure at 119.9, which is indicated to be holding.
Price action at the current level is indecisive, I could see us travel to 119.3 before bouncing back up as the overall trend is still up on this pair.
I would look for buying support to TP around...
We have seen the 200SMA act as support for this pair in the past. I will be short here to the 61.8 Fib retracement from the december highs.
I am playing a similar scenario to the break and bounce from 20th February (noted on the chart).
My entry is dependent on PA around 200SMA,
SL:184.200
I won't wait for this trade beyond today, although this pair's reaction to...
Trend is still up on this pair.
100SMA remains above the 200SMA.
We have an obvious falling wedge after an uptrend, one could usually expect this to signal continuation.
Stoch RSI is hovering in oversold territory, another buy signal.
My plans are to accumulate a small position on this pair( a lot of fundamentals this coming week). I have a buy limit at 1.236...
Having a look at some longer term plans for this pair on a rainy weekend.
Reversal around the pyschological 190 level, and a bounce off trend lines and to 200 by the end of 2015 ?
