AUDJPY- Monthly Triangle- This is how it can move till 102-104
(( )) - Means circled wave
Since Late 2001 lows56 it has been moving sideways & 15 years have gone by in the range of 50 on lower side & upper side 109-110. It has traced a triangle & internally having 3 waves, each for circled waves.
Travelling in the final leg, which is ((E)) - wave which can travel in the zone 102-104 where it completes 61.8% of ((C))-Wave
Trading Strategy
Once Swing Low 72.40 is taken out- It will start moving down. I shall continue this post for short term opportunities.
Since Late 2001 lows56 it has been moving sideways & 15 years have gone by in the range of 50 on lower side & upper side 109-110. It has traced a triangle & internally having 3 waves, each for circled waves.
Travelling in the final leg, which is ((E)) - wave which can travel in the zone 102-104 where it completes 61.8% of ((C))-Wave
Trading Strategy
Once Swing Low 72.40 is taken out- It will start moving down. I shall continue this post for short term opportunities.
Trade active
13:18 Hrs 22nd Dec2016Last Price@85.09
Current Pullback could be seen in the zone 83.50-83.60 - a 38.2% retrace below 84.88 & under 83 -can extend till 80.90-81.10 where it retraces 61.8% of the current rise. Later rise could be seen in the zone 90.75-91
Trade active
21:55 Hrs 27th Dec2016Last Price@84.48
Went closer to the target zone 83.50-83.60
Trade active
22:50 Hrs 27th Dec2016Last Price@84. 50
Still waiting for 83.40-83.50 target zone -holding below or under 84.50- likely it travels atleast 83.40-83.50 & below 83 marks can extend to 80.90-81.10 zone.
Trade active
14:10 Hrs 29th Dec2016Last Price@83.97
Recent Low@83.74 -Close target zone 83.50-83.60
Trade active
12:30 Hrs 6th Jan2017Last Price@85.03
Crossing above 85.50 & sustaining above that level - we will conclude that wave-((ii)) - a double bottom is in place at 84.55 which was a close 61.8% retracement of wave-((i)) high at 85.71 from 83.74 bottoms ending wave-4 & now moving in wave-5.
Next above 85.50- shall be looking for wave-((iii)) in wave-5 which travels 161.8% at 87.75
Trade active
10:43 Hrs 10th Jan2016Recent High@85.90's
It could be ((i)) -a-b-c --((ii)) or ((i))-((ii))-1-2 if 84.86 holds or goes close to 84.50-84.60 zone then next upside will start
Trade active
23:02 Hrs 18th Jan2017Last price@85.55
Against 85.00-- Double Bottom we look AUDJPY positive going beyond 86.26 it will confirm & heads next for 88.50 where it travels 161.8% -still looking for an upside explosive move protecting 85.00 lows downside.
Trade active
06:51 Hrs 19thJan2017Last Price@86.05
Heading close to prior swing high@86.28
Trade active
17:45 Hrs 19th Jan2017Last Price@86.65
At 87.15 it travels same distance as wave-(i) if holds, then exit or sustained move above 87.15 shall take next to 88.50 where it travels 161.8% of wave-(i) shown below
Trade active
14:55 Hrs 20th Jan2017Last Price@86.60
Wow!!! - 87.07 was the high & turns down -current trading at 86.60-- Its amazing- Likely will should retrace the current rally from 85 to 87.07 by 61.8% before it resumes uptrend again
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.