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Trade Setup: AUD/JPY - 19 Sep 2016

Trade Setup: AUD/JPY – 19 Sep 2016

Candle Stick Pattern: Morning Star at (2) & Bullish Engulfing at (1)
Confirmation:

Stochastic oversold range.
Retesting previous resistance at (4)

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AUDJPY: Within a well-defined downward channel

Since the start of the year the currency lost 9.5% however last week fell more than 1.0% and is in a recovery phase since mid-July 2016. 94 more words

Analysis

AUD/JPY - Sell below 79.28

Rising trend line breached, head and shoulder neckline at 79.25. Bearish break would expose the next rising trend line support.

Not a good sign, since the pair is often viewed as a risk barometer.

#AUDJPY 30Min chart… ANti-Shark bearish?
Harmonic Patterns

Dollar marooned against major currencies ahead of jobs data, more Fed clues

The dollar twisted in tight ranges against its major rivals Tuesday ahead of a string of U.S. data this week that could pack clues for the scope of action by the Federal Reserve’s interest rate-setting panel. 214 more words

News

AUDJPY Falling Channel 5-5-2016

Hey Traders!!

As today’s trading is coming to a close, I’ve decided to open one last position playing the AUDJPY falling channel. We’ve had two false breakouts to the downside so far. 92 more words

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