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Audjpysell

AUDJPY dropped strongly, prepare to buy for a corrective bounceBuy above 88.11. Stop loss at 87.72. Take profit at 88.69. Reason for the trading strategy (technically): Price has dropped strongly and is now testing strong support at 88.11 (Fibonacci retracement, horizontal pullback support) and we expect to see a corrective bounce from here to at least 88.69 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,3,1) is seeing strong support above our 1.2% where we expect a corresponding bounce from.
Long
by MEX_Exchange
6
AUDJPY testing major resistance, prepare to sellSell below 89.11. Stop loss at 89.38. Take profit at 88.36. Reason for the trading strategy (technically): Price is approaching major resistance at 89.11 (Multiple Fibonacci retracement, horizontal pullback resistance, Fibonacci extension, bearish divergence) and we expect to see a short term correction from this level to push price down to at least 88.36 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance below 98% and we expect to see a strong reaction off this level. We’re also seeing bearish divergence vs price signalling that a reversal is impending.
Short
by MEX_Exchange
2
AUDJPY profit target reached perfectly, prepare to buyBuy above 88.39. Stop loss at 88.17. Take profit at 89.10. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target. We now prepare to buy above major support at 88.39 (Multiple Fibonacci retracement, horizontal overlap support) for a push up to at least 89.10 resistance (Multiple Fibonacci retracement, recent swing high resistance). Stochastic (21,3,1) is seeing support above 1.2% where we expect a corresponding bounce from.
Long
by MEX_Exchange
5
AUDJPY remain bearish as price tests our selling areaSell below 88.76. Stop loss at 89.38. Take profit at 87.92. Reason for the trading strategy (technically): Price continues to test our selling area. We remain bearish looking to sell below major resistance at 88.76 (Multiple Fibonacci retracements, horizontal swing high resistance, Fibonacci extension) for a push down to at least 87.92 support (Fibonacci retracement, horizontal overlap support). Stochastic (55,3,1) is seeing major resistance at 98% and turning down nicely with good downside potential.
Short
by MEX_Exchange
5
AUDJPY profit target reached absolutely perfectly, time to sellSell below 88.76. Stop loss at 89.38. Take profit at 87.92. Reason for the trading strategy (technically): Price has shot up from our buying area and reached our profit target absolutely perfectly. We prepare to sell on major resistance at 88.76 (Multiple Fibonacci retracements, horizontal swing high resistance, Fibonacci extension) for a push down to at least 87.92 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance at 98% where we expect a corresponding drop from.
Short
by MEX_Exchange
2
AUDJPY remain bullish for a bounceBuy above 87.92. Stop loss at 87.20. Take profit at 88.85. Reason for the trading strategy (technically): Price continues to test our buying area and is starting to bounce nicely. We remain bullish looking to buy above 87.92 support (Fibonacci retracement, horizontal overlap support, bullish exit) for a push up to at least 88.85 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing nice support above 5% and has good upside potential.
Long
by MEX_Exchange
2
AUDJPY remain bullish for a bounceBuy above 87.92. Stop loss at 87.20. Take profit at 88.85. Reason for the trading strategy (technically): Price continues to test our buying area and is starting to bounce nicely. We remain bullish looking to buy above 87.92 support (Fibonacci retracement, horizontal overlap support, bullish exit) for a push up to at least 88.85 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (22,3,1) is seeing nice support above 5% where it is bouncing up nicely.
Long
by MEX_Exchange
3
AUDJPY strong resistance broken, time to start buyingBuy above 87.93. Stop loss at 87.20. Take profit at 88.82. Reason for the trading strategy (technically): Price has broken a strong resistance level which has led to a change in our momentum from bearish to bullish. We prepare to buy on dips above 87.93 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 88.82 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) sees an ascending support channel supporting our bullish momentum view.
Long
by MEX_Exchange
3
AUDJPY now on major resistance, time to turn bearishSell below 87.93. Stop loss at 88.43. Take profit at 86.66. Reason for the trading strategy (technically): We caught the rise on AUDJPY quite nicely yesterday. Today we’re starting to see it on major resistance (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong drop from this level to push price down to at least 86.66 support (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is seeing major resistance at 99% where we expect a corresponding reaction from. Correlation analysis: We’re seeing commodities weakness with drops expected on AUDUSD, AUDJPY and NZDUSD.
Short
by MEX_Exchange
5
AUDJPY bouncing up nicely, remain bullish for a further riseBuy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Price has bounced up nicely from our buying area and made a bullish exit of an intermediate descending resistance-turned-support line. We remain bullish looking to buy above major support at 87.81 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish divergence) for a push up to at least 88.75 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (31,3,1) is seeing strong support above 2.5% where we expect a bounce from. We can also see bullish divergence vs price signalling that a bounce is impending.
Long
by MEX_Exchange
15
AUDJPY profit target reached perfectly, time to start buyingBuy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 87.81 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to at least 88.75 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (31,3,1) is seeing strong support above 2.5% where we expect a bounce from.
Long
by MEX_Exchange
AUDJPY profit target reached perfectly, time to start buyingBuy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 87.81 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to at least 88.75 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (31,3,1) is seeing strong support above 2.5% where we expect a bounce from.
Long
by MEX_Exchange
AUDJPY approaching profit target as expected, prepare to sellSell below 88.88. Stop loss at 89.39. Take profit at 87.89. Reason for the trading strategy (technically): Price has continued to rise nicely towards our profit target since we caught the bounce perfectly. Today we change view and prepare to sell on major resistance at 88.88 (Fibonacci retracement, swing high resistance, channel resistance) to begin the drop towards 87.89 support (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is seeing major resistance below 99% and we expect to see a nice drop from this level.
Short
by MEX_Exchange
AUDJPY broken out of triangle formation, remain bullish Buy above 88.04. Stop loss at 87.59. Take profit at 89.09. Reason for the trading strategy (technically): Price has finally made a bullish exit of its triangle formation and continues to hover nicely above our buying entry. We remain bullish looking to buy above support at 88.04 (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (55,3,1) is seeing bullish confirmation with a recent bullish exit of our triangle formation signalling that a change in momentum is fast approaching.
Long
by MEX_Exchange
AUDJPY breaking out as expected, remain bullishBuy above 88.04. Stop loss at 87.59. Take profit at 89.09. Reason for the trading strategy (technically): Price has finally made a bullish exit of its triangle formation. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (55,3,1) is seeing major support above 7% and also sees bullish divergence vs price signalling that a reversal is fast approaching.
Long
by MEX_Exchange
AUDJPY breaking our as expected, remain bullishBuy above 88.04. Stop loss at 87.59. Take profit at 89.09. Reason for the trading strategy (technically): Price has finally made a bullish exit of its triangle formation. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,3,1) is seeing major support above 7% and also sees bullish divergence vs price signalling that a reversal is fast approaching.
Long
by MEX_Exchange
AUDJPY forming a nice reversal pattern, remain bullishBuy above 88.04. Stop loss at 87.59. Take profit at 89.09. Reason for the trading strategy (technically): Price is finishing its triangle configuration which is a sign that a reversal is impending. We look to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,3,1) is seeing major support above 7% and we expect a stronger bounce above this level soon.
Long
by MEX_Exchange
AUDJPY right on buying level, remain bullishBuy above 88.52. Stop loss at 87.89. Take profit at 89.66. Reason for the trading strategy (technically): Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,3,1) is starting to bounce nicely from our 5% support and ha good upside potential.
Long
by MEX_Exchange
1
AUDJPY right on buying level, remain bullishBuy above 88.52. Stop loss at 87.89. Take profit at 89.66. Reason for the trading strategy (technically): Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,3,1) is starting to bounce nicely from our 5% support and ha good upside potential.
Long
by MEX_Exchange
AUDJPY testing major support, time to start buyingBuy above 88.52. Stop loss at 87.89. Take profit at 89.66. Reason for the trading strategy (technically): Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,3,1) is seeing support above 5% and also sees bullish divergence vs price signalling that a reversal is impending.
Long
by MEX_Exchange