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Audjpydaily

AUDJPY Right On Major Resistance, Time To SellAUDJPY is testing major resistance and looks poised to drop strongly! Sell below 83.35. Stop loss at 84.02. Take profit at 82.25. Reason for the trading strategy (technically): Price is testing major resistance at 83.35 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, bearish divergence, descending resistance) and a strong reaction from here would push prices down to major support at 82.25 (Fibonacci retracement, horizontal swing low support, Fibonacci extension). Stochastic (55,5,3) sees major resistance below 96% where a corresponding reaction could occur. We are also seeing bearish divergence vs price signalling that a reversal is impending.
Short
by theforexarmy
AUDJPY Has Made A Bullish Exit, Time To Start Buying AUDJPY has broken key resistance levels triggering a bullish exit from here. Good opportunity to start buying. Buy above 81.46. Stop loss at 80.94. Take profit at 82.49. Reason for the trading strategy (technically): Price has broken out of key descending and horizontal resistance triggering a rally above 81.46 support (Fibonacci retracement, horizontal overlap support, breakout level) to push prices up to at least 82.49 resistance (Fibonacci retracement, horizontal swing high resistance). We have to be cautious about intermediate resistance at 82.09 (Fibonacci retracement, horizontal swing high resistance). RSI (89) has made a similar bullish exit signalling that we’ll likely see a strong bullish acceleration from here.
Long
by MEX_Exchange
AUDJPY Has Bounced Perfectly, Remain BullishAUDUSD touched our buy entry and bounced perfectly, we will remain bullish for a further rise. Buy above 81.47. Stop loss at 80.75. Take profit at 83.31. Reason for the trading strategy (technically): Price touched our buying entry and bounced absolutely perfectly as expected. We remain bullish above 81.47 support (Fibonacci extension, major horizontal swing low support) for a bounce up to 83.31 (Fibonacci retracement, horizontal overlap resistance). We do have to be caution of intermediate resistance at 82.56. Stochastic (34,5,3) is seeing major support above 6% where a corresponding bounce could occur.
by MEX_Exchange
3
AUDJPY plunged perfectly to profit target, prepare for a bounceAUDJPY has reached our profit target and is poised for a bounce. Buy above 81.47. Stop loss at 80.75. Take profit at 83.31. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above 81.47 support (Fibonacci extension, major horizontal swing low support) for a bounce up to 83.31 (Fibonacci retracement, horizontal overlap resistance). We do have to be caution of intermediate resistance at 82.56. Stochastic (34,5,3) is seeing major support above 6% where a corresponding bounce could occur.
Long
by MEX_Exchange
AUDJPY prepare to sell on break of major supportAUDJPY has broke our intermediate support but still has to break a big support level to open a bearish move. Sell below 83.30. Stop loss at 84.06. Take profit at 81.58. Reason for the trading strategy (technically): Price has made a bearish exit of our ascending support-turned-resistance line and still has one major resistance to break to open a big bearish drop. We look to sell on the break of 83.30 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a drop all the way to 81.58 support (Fibonacci extension, horizontal swing low support). RSI (34) has made a similar bearish exit signalling that a drop could also be on the horizon.
Short
by MEX_Exchange
1
AUDJPY testing strong resistance, prepare to sellAUDJPY is seeing multiple strong resistances giving us a good opportunity to sell. Sell below 83.30. Stop loss at 84.27. Take profit at 81.58. Reason for the trading strategy (technically): Price is testing major resistance at 83.30 (Multiple Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at this level to push price down to 81.58 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is also seeing major resistance below 88-95% resistance where a corresponding drop could occur.
Short
by MEX_Exchange
1
AUDJPY approaching major resistance, potential drop!AUDJPY is approaching strong resistance at 83.31 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to major support at 81.56 (Fibonacci extension, horizontal swing low support). We do have to be cautious about our intermediate support at 82.12 (Fibonacci retracement, horizontal overlap support) as that level needs to be broken to open a further move down. Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill