audjpy looking for buy The Australian Dollar inched lower on Friday, but still managed to close higher for the week. The Aussie continued to be supported by the Reserve Bank’s (RBA) optimistic outlook for the economy, but gains were likely capped by the strong U.S. economy and uncertainty over the economic impact of the coronavirus on China’s economy, Australia’s largest trading partner.
On Friday, the AUD/USD settled at .6714, down 0.0005 or -0.08%.
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Aj
AJ TP Hit: An Easy +200 pips, 1 week, 1 TradeAUD/JPY: +200 pips
This trade has hit our downside targets of 74 and 75. We've now closed the remainder of this position at 74. (+200 pips). Overall, this trade had NO drawdown, and was a great example of the trades we take every week; there's no point when 1 RIGHT position can earn us +5% in one trade while day traders are struggling with their 20 pip daily goal.
01:01:13 (UTC)
Mon Jan 27, 2020
Monthly resistance rejected! Daily candle closed below Open your eyes and look very closely at the chart.
If you can't see anything just follow the following procedure:
(i) Open your MT4/MT5 client terminal
(ii) Withdraw all amount that is available.
(iii) Look for other business ventures to invest in because trading is just not for you!
AJ Anthony Joshua smashing through things.....We have 2 support/resistance lines that have been well respected ( you can look and work where out for yourself this time ) because how will you ever learn if people keep pointing these out for you with big colourful arrows :p, We also have a lovely trend line ( TL ) that has been respected despite breaking out it didn't last long and came back up and started respecting it again.
Price is currently sitting at 1 of our support lines and on our TL so we can only see upside movement with this been a double strong setup.
We can possibly see price break through our upper resistance line if buying power is enough, its like Anthony Joshua the heavyweight champ smashing his way through all his opponents, and the pairing and him just happen to have the same initials AJ ;p
AUD/JPY Dropping +50 pipsReasons and FACTS:
1HR Parabolic SAR indicates a bearish reversal
Fake out on trend line indicated strong sell power
ATR is showing a possible rise in Volume and Volatility because we are at very low Volatility right now and at this level Volatility has shown to rise every time.
AU and UJ showing many bear signs and I'm short on both so it would be logical for AJ to drop as well because Aussie is looking weak and JPY is looking strong.
Enter at own risk
AUDJPY Sell Confirmations:
-4h structure bearish
-Break below the whole # 80.000, came to retest and rejected multiple times
-Trend line rejection (3rd touch)
-Push down then small pullback on 1h, rule of thumb on the 4h
-Fib pullback to 61.8%
-2 very heavy engulfing candles
-MA crossover back to the downside
-JPY strength
*Don't be afraid to lose, all it really is is a paid lesson in the markets, but you need to learn from those lessons or else you will keep paying*