Not a tutorial. Just another trader analyzing the markets. Feel free to comment.
AUDJPY BUY start: 68.138 stop loss: 67.735 take rpofit: 69.294
AUD/JPY BUY OPPORTUNITY (WEEKLY):
Due to the previous week being bullish after a long bearish run, I would expect Aud to ascend versus the Jpy pairing. My reasoning for this leads me to believe we will have a short term selloff towards the 78.5 region before moving up to break previous resistance , towards the 79.2 level. I would like to take buys around the 78.5, 78.2 region. 78.00 broken would...
PS: PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
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.
Buy after closing gep from 82.00. sl 81.00 tp1 84.00, tp2 85.00, tp3 86.00, tp4 87.00 Upside potential up to 91.00
Taking advantage of bullish price action happening in higher time-frame charts, especially with weaker JPY (as long as no talks about tapering yet), and recovering AUD. Setting a buy stop order now a few pips above the previous period base fib level (also a good hourly resistance). www.dailyfx.com www.fxstreet.com D: W: