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Audjpydaily

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
AUDJPY remain bullish for a further push upBuy above 88.92. Stop loss at 88.40. Take profit at 89.79. Reason for the trading strategy (technically): We look to continue to buy above major support at 88.92 (Fibonacci retracement, horizontal overlap support) for a further push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,3,1) is bouncing up nicely from our 5% support and still has some upside potential to go which coincides with the wise we expect in price.
Long
by MEX_Exchange
AUDJPY holding well above our ascending support, remain bullishBuy above 88.92. Stop loss at 88.50. Take profit at 89.79. Reason for the trading strategy (technically): Price is seeing strong support above 88.92 (Fibonacci retracement, ascending support) and we expect to see price continue on its bullish trend by making a push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,3,1) is seeing strong support above 5% and we expect a bounce above this level.
Long
by MEX_Exchange
AUDJPY look to buy on weakness to play a further riseBuy above 88.68. Stop loss at 88.33. Take profit at 89.47. Reason for the trading strategy (technically): Price continues to rise in our bullish channel. We look to buy on weakness above major support at 88.68 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a further rise towards 89.47 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) remains above our ascending support line signalling that we have not seen the end of our bullish momentum.
Long
by MEX_Exchange
AUDJPY dropping perfectly as expected, prepare to sell Sell below 88.68. Stop loss at 89.40. Take profit at 87.91. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area as expected. We tighten our stop loss to protect our profits. Now we look to sell further when price breaks 88.68 support (Fibonacci retracement, double top confirmation) and we will ride the drop all the way down to 87.91 support (Fibonacci retracement, horizontal overlap support). RSI (34) sees an ascending support line hold it up. Only a break of this ascending support would confirm the drop we’re expecting on AUDJPY.
Short
by MEX_Exchange
AUDJPY profit target reached perfectly, prepare to sellSell below 89.25. Stop loss at 89.67. Take profit at 87.91. Reason for the trading strategy (technically): Price touched our buying area and shot up perfectly to our profit target. We prepare to sell below 89.25 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 87.91 support (Fibonacci retracement, horizontal overlap support) RSI (34) sees horizontal resistance at 64% and we expect a reaction off this level to push price down correspondingly.
Short
by MEX_Exchange
AUDJPY approaching strong support, prepare to buyBuy above 87.91. Stop loss at 87.45. Take profit at 88.56. Reason for the trading strategy (technically): Price is approaching major support at 87.91 (Fibonacci retracement, horizontal pullback support) and we expect a strong bounce from this level to push price up to at least 88.56 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) still remains above our ascending support which is holding up our bullish momentum really nicely. Only a break of that ascending support line would trigger a bearish change in momentum.
Long
by MEX_Exchange
AUDJPY approaching strong support, prepare to buyBuy above 87.91. Stop loss at 87.45. Take profit at 88.56. Reason for the trading strategy (technically): Price is approaching major support at 87.91 (Fibonacci retracement, horizontal pullback support) and we expect a strong bounce from this level to push price up to at least 88.56 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) still remains above our ascending support which is holding up our bullish momentum really nicely. Only a break of that ascending support line would trigger a bearish change in momentum.
Long
by MEX_Exchange
AUDJPY profit target reached once again, prepare to sellSell below 87.86. Stop loss at 88.28. Take profit at 86.67. Reason for the trading strategy (technically): Price has bounced up perfectly as expected and has reached our profit target. We prepare to sell on major resistance at 87.86 (Fibonacci extension, horizontal swing high resistance, fill price gap) for a strong drop to at least 86.67 support (Fibonacci retracement, horizontal swing low support, fill price gap). RSI (34) sees a long term descending resistance as immediate resistance.
Short
by MEX_Exchange
AUDJPY profit target reached perfectly, prepare to buy againBuy above 86.55. Stop loss at 86.11. Take profit at 87.78. Reason for the trading strategy (technically): Price has bounced up perfectly to our profit target from last week. Today we prepare to buy above major support at 86.55 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) for a bounce up to at least 87.78 resistance (price gap, horizontal resistance). RSI (34) is seeing ascending support holding up our bullish momentum really well.
Long
by MEX_Exchange
AUDJPY remain bullish as we continue to test supportBuy above 86.92. Stop loss at 86.52. Take profit at 87.61. Reason for the trading strategy (technically): Price has continued to test our buying area yesterday. We prepare to buy above major support at 86.92 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 87.61 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a bounce from.
Long
by MEX_Exchange
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