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02:44

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USDJPY 107 AUDUSD 0.6850

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Now AUDUSD is trading above the 0.6800 level. On the 4H there was strong bullish momentum, so I see price pushing further up. I have a position of a 20 pips risk. My TP is in between the next quarter levels. I will close most of my position as price climbs up to 0.6850, as the market could get hung up there.

01:58

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Aussie spent almost a month (backtracking from a week ago) trading in the 0.6750-0.6800 range after a huge drop in the pair. We are now just touching 0.6800 . The question is: will we break above or stay inside the range again?

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AUDJPY has been trading in this triangle for the past 8 days. It looks like we are breaking out of the triangle to the upside. I am not looking to trade the retest(this could happen) but this is somewhat riskier. I would recommend lowering your lot size slightly if you want to trade off of the retest. I am looking for strong bullish momentum (I have a buy stop...

02:37

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AUDJPY looking to break out of the triangle. Watch video. I will upload a written idea

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After about 12 days of serious downside movement we have seen 4 daily candles respecting the 0.6750 support level. 0.6750 is a Major Large Quarter Point. Prices have not traded this low since 2009. Why all the bearish movement? Rate cuts and monetary policy, not just the US cutting rates. Reserve Bank of New Zealand cut rates, which pressures Australia (a big...

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I apologize my chart is looking a bit crazy today. So we can see UJ has come to the end of a market at the price 106.84 and we are currently in the 2-3 leg of an elliot wave (the Fib retracements are confirming this). The pullback (the '4' of the elliot wave) is where I will buy in. I'm going to ride the 4-5 wave to the upside. The pullback should happen...

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Looking on the daily chart, AUDUSD is close to approaching the 0.7050 quarter level. In late April and mid May we saw resistance taps at that half level, so I am looking for price action to be bearish on lower time frames near 0.7050 and take a sell from there. Could it go bullish from here? I do not believe so. Looking at the Elliot 5-wave (0-1 leg:...

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Price have been moving between 108 and 108.5 for some time (Quarter points) so when we hit 108 it should respect that quarter level. SL 20 pips TP 50 pips , entry right at 108

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AUDUSD is currently hovering at the MLQP of 0.7000 , also a psychological price. It is expected to keep support and bounce off of this level. Look at price action over the next hour or so for support taps. After a second tap, buy in with 20 pips SL and 50 pips TP

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Stayed around 112.00 for the past 4 trading days. Looking at 1 bullish candle. Wait for a pullback before reentry

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Prediction of an ABC corrective wave following the 50pip move on the Elliot-5-Wave to the downside. Looking for the market to consolidate, then possibly make another drop after encountering resistance off the current whole level. Watch price action

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Had a sharp rejection (support) at the 111.00 whole level, wick just past the whole level. Look at the 1H timeframe. There is a bullish wave to the upside coming (Elliot wave possible) , so watch for retracements at those specific levels Entry at 111.115 Could have a buy limit down at the whole level (partial position) SL -14 pips TP+40 pips

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USDJPY has taken multiple touches of resistance against the 111.50 quarter level. I am looking for it to travel to the downside to the 111.00 whole level. The stochastic indicates we are not quite in the overbought region yet, so we may see more bullish price play on smaller time frames before a true drop occurs. Entry is right at 111.50 , stop loss is 15 pips ,...

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See how the 5-wave did not hit the next quarter level. In fact, it corrected to the downside. So we should not see a push up the the 111.000 mark anytime soon. I have closed out with a 20 pips profit.

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USDJPY currently sitting at 110.580 , and is on the 4th wave of an Elliot 5-wave. The 4th wave portion is currently sitting at the 0.382 retrace (good entry, this is my only entry at 0.05 lots). Alternatively, you can have partials at the 0.382 , and partials at the 0.50 Fib retrace. Stop loss can be set anywhere below the half level (110.500) and take profit...

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Bought 17 pips into the trend. Was waiting for 2 bullish closing candles to form in the 1H, which happened. Entered a buy, looking for price to reach the next MLQP at 0.7300 . Immediately after entering, the market reversed and hit my SL, at the line of resistance. At the time of me writing this, it seems there is another bullish trend (4 closing candles), and...

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USDJPY failed to break the 115.00 major quarter level back in 2017. Higher highs throughout the structure in 2018 indicate it may break 115.00 and move towards the next major quarter level of 117.50. If a buy is entered, set appropriate stop loss 40 pips. Exit points between majot quarter levels.