AUD JPY Overview

First up is the USDCAD pair, where the price has created a big head and shoulders pattern. I bet that many traders saw that and were expecting a bearish breakout. That is what happened yesterday. As for now, the price is making lower lows and highs, which is a positive sign. The sell signal looks l....

Gold made a significant move yesterday, which actually triggered a sell signal. The price broke through the upwards trend line, the lower line of the triangle, and the horizontal support at 1,267 USD/oz. That is quite a lot for a few hours of trading. We’ve currently got a small reversal but this i....

The correction on the EURUSD gathers pace. The price didn’t stop at the 38.2% and 1.1730. We are clearly aiming for the 50% Fibonacci along with the upper line of the recent big flag formation. As long as we stay above the neckline (green area), the sentiment is still positive, but the situation fo....

Buy above 85.53. Stop loss at 84.92. Take profit at 86.67. Reason for the trading strategy (technically): Price continues to test our major support at 85.53 (Fibonacci extension, horizontal swing low support) where we expect a bounce from to push price up to at least 86.67 resistance (Fibonacci retr...

Buy above 85.53. Stop loss at 84.92. Take profit at 86.67. Reason for the trading strategy (technically): Price continues to inch lower and we’re starting to see major support at 85.53 (Fibonacci extension, horizontal swing low support) where we expect a bounce from to push price up to at least 86.6...

Buy above 86.58. Stop loss at 86.26. Take profit at 87.21. Reason for the trading strategy (technically): Price continues to whipsaw and continues to be testing our major support level at 86.58 (Fibonacci extension, long term Fibonacci retracement, fake horizontal breakout). We look to buy above thi...

Buy above 86.95. Stop loss at 86.61. Take profit at 87.67. Reason for the trading strategy (technically): Price has been whipsawing a lot since yesterday but is starting to form a nice reversal pattern. We look to buy above strong support at 86.95 (Fibonacci extension, Fibonacci retracement, horizon...

Sell below 87.37. Stop loss at 87.72. Take profit at 86.71. Reason for the trading strategy (technically): Price has broke out of our triangle formation and made an absolutely perfect bearish breakout towards our profit target. We remain bearish looking to sell on strength below 87.37 (Fibonacci ret...

Sell below 87.37. Stop loss at 87.72. Take profit at 86.71. Reason for the trading strategy (technically): Price is forming a triangle formation and a bearish break out from this formation would signal a strong move to the downside. We remain bearish looking to sell below 87.37 (Fibonacci retracemen...

Buy above 87.28. Stop loss at 87.03. Take profit at 87.75. Reason for the trading strategy (technically): Price is now testing our major support at 87.28 (Fibonacci extension, Elliott wave structure, swing low support, bullish divergence) and we expect to see a strong bounce above this level to push...

Buy above 87.28. Stop loss at 87.03. Take profit at 87.75. Reason for the trading strategy (technically): Price is approaching major support at 87.28 (Fibonacci extension, Elliott wave structure, swing low support) and we expect to see a strong bounce above this level to push price up to at least 87...

Buy 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 re...

Sell 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 exten...

Sell 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 h...

Buy 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)...

Sell below 0.7146. Stop loss at 0.7216. Take profit at 0.7056. Reason for the trading strategy (technically): Price is now testing major resistance at 0.7146 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction off this level to push pric...

Sell below 0.7834. Stop loss at 0.7872. Take profit at 0.7768. Reason for the trading strategy (technically): Price is testing major resistance at 0.7834 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off this level to push price down to at least 0.7768...

Sell 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...

Buy above 87.46. Stop loss at 86.60. 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....

Buy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Price continues to test our major buying area. We remain bullish looking to buy above major support at 87.81 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish dive...

Buy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Price continues to test our major buying area. We remain bullish looking to buy above major support at 87.81 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish dive...

Buy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Pricehas 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, Fibo...

Buy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Pricehas 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, Fibo...

Sell below 88.88. Stop loss at 89.39. Take profit at 87.89. Reason for the trading strategy (technically): Pricehas 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, s...

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 retraceme...

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. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, 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. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish...

Buy 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...

Buy 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 pr...

Buy 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 pr...