looking for a long here from the top of the demand zone ..i do not think it will breach the lows than were seen in 2010 ..but will let this drop play out first stops and tp to be updated on completion of target entry ..
good looking long setup on audjpy Looking for a long ..from the demand zone that dates back to 2010 ...... this range should be pierced ...within the next few weeks will then update with stop loss and targets
good looking long setup on audjpy Looking for a long ..from the demand zone that dates back to 2010 ...... this range should be pierced ...within the next few weeks will then update with stop loss and targets
usd jpy was looking for this too play out over months but it is looking like it will happen much sooner ....yen safe haven buys increasing .... downward pressure on the usd to intensify over the coming week ...targeting big demand zone of 100-102 min.
long positioned opened from the bottom of the line ....aud has been very weak recently ..this pair initially rallied to the 740 range a few weeks ago but could not hold on ...positioned was closed as the price reversed on both occasions. news today from the chf member is a comment about rates not looking likely for a while so we should get some rebalancing here...
I am currently long here until the price breaches the highlighted supply zone. this zone dates back a few years ...will be looking to short from here...the nzd doesn't benefit from this high range as it is a primarily a goods based economy.no monetary policy change till 2019 also supports this trade setup. will be looking for a stop at 74700 1st tp 72500 2nd tp 71000