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Audjpysell

AUDJPY gapped down to our profit target. Prepare to buy Buy above 87.00. Stop loss at 86.52. Take profit at 87.78. Reason for the trading strategy (technically): Price has gapped down to our profit target perfectly. We prepare to buy above major support at 87.00 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 87.78 resistance (Fibonacci extension, horizontal swing high resistance, price gap). Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a bounce from.
Long
by MEX_Exchange
AUDJPY dropping perfectly as expected, remain bearish Sell below 87.74. Stop loss at 88.06. Take profit at 86.48. Reason for the trading strategy (technically): Price has reached our selling area and dropped perfectly from there. We remain bearish looking to sell below major resistance at 87.74 (Fibonacci retracement, Fibonacci extension) for a push down to at least 86.48 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is reacting nicely off our 95% resistance.
Short
by MEX_Exchange
AUDJPY profit target reached once again, prepare to sellSell below 87.74. Stop loss at 88.06. Take profit at 86.48. Reason for the trading strategy (technically): Price has reached our profit target once again. We prepare to sell below major resistance at 87.74 (Fibonacci retracement, Fibonacci extension) for a push down to at least 86.48 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing resistance at 95% where we expect a corresponding drop similar to the one we’re expecting on price.
Short
by MEX_Exchange
AUDJPY profit target reached perfectly, prepare to buy Buy above 85.45. Stop loss at 85.15. Take profit at 86.44. Reason for the trading strategy (technically): Price has touched our selling area and dropped perfectly as expected. We prepare to buy above major support at 85.45 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 86.44 resistance (Fibonacci retracement, horizontal pullback resistance, descending resistance). RSI (55) sees an ascending support line holding the bullish momentum in price.
Long
by MEX_Exchange
AUDJPY profit target reached prepare to sell Sell below 87.00. Stop loss at 87.25. Take profit at 86.01. Reason for the trading strategy (technically): Price has shot up perfectly and reached our first profit target. We prepare to sell below major resistance at 87.00 (Fibonacci retracement, descending resistance, horizontal overlap resistance, bearish price action) for a push down to at least 86.01 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 94% and we expect a corresponding reaction similar to the one we’re expecting on price.
Short
by MEX_Exchange
AUDJPY bounced perfectly from our buying area, remain bullish Buy above 86.37. Stop loss at 86.01. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): Price has touched our buying area before shooting up perfectly as expected. We remain bullish above 86.37 support (Fibonacci retracement, horizontal overlap support, bullish exit) for a further push up to at least 87.01 resistance (Fibonacci retracement, horizontal overlap resistance) before 87.38 resistance (Fibonacci retracement, horizontal overlap support, FIbonacci extension). We also move our stop loss to 86.01 to protect our profits. Stochastic (34,5,3) sees a recent bullish exit of its descending resistance-turned-support line signal a change in momentum to bullish.
Long
by MEX_Exchange
AUDJPY approaching major support, prepare to buyBuy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push up to 87.38 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above 1.5% where we expect a further bounce from.
Long
by MEX_Exchange
AUDJPY prepare to buy on dips Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push up to 87.38 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above 1.5% where we expect a further bounce from.
Long
by MEX_Exchange
AUDJPY dropping nicely towards profit target, prepare to buyBuy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): Price has dropped perfectly towards our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push up to 87.38 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above 1.5% where we expect a further bounce from.
Long
by MEX_Exchange
AUDJPY profit target has been reached perfectly, prepare to sellSell below 87.39. Stop loss at 88.08. Take profit at 86.02 Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area and has reached our profit target. We prepare to sell on major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 86.02 support (Fibonacci retracement, horizontal swing low support). Stochastic (21,5,3) is seeing resistance at 93% and we expect a corresponding reaction off that level similar to the one we expect on price.
Short
by MEX_Exchange
AUDJPY profit target reached perfectly, prepare to buyBuy above 86.02. Stop loss at 85.71. Take profit at 86.94. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area to our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, horizontal overlap support) for a push up to at least 86.94 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing major support above 2% where we expect a corresponding bounce from. Correlation analysis: We’re seeing JPY strength with drops on AUDJPY and EURJPY.
Long
by MEX_Exchange
1
AUDJPY testing major resistance, remain bearish Sell below 87.39. Stop loss at 88.08. Take profit at 86.32. Reason for the trading strategy (technically): Price is testing major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a reaction from this level for a drop to at least 86.32 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where we expect to see a corresponding reaction in price from. Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.
Short
by MEX_Exchange
AUDJPY testing major resistance, remain bearish Sell below 86.57. Stop loss at 85.42. Take profit at 87.17. Reason for the trading strategy (technically): Price is back to testing our selling area. We remain bearish looking to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 91% and has reversed nicely from there. Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.
Short
by MEX_Exchange
1
AUDJPY reversing nicely below our selling area, remain bearish Sell below 86.57. Stop loss at 85.42. Take profit at 87.17. Reason for the trading strategy (technically): Price dropped really nicely from our selling area yesterday. We remain bearish looking to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 91% and also intermediate resistance at 64%. Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.
Short
by MEX_Exchange