AUDJPY: Inside week, waiting for the big move one way or another

The Australian economic outlook suggests the pair might eventually weaken. Now all eyes turn to the figures on consumer confidence, to be released this week and will give the federal government its first look at what consumers think of the federal budget. 154 more words


Fifth consecutive profitable day and 8th running profitable trade

Trades for 13th May.

Long AUDJPY. The 60m/15m/5m checks for this trade were awful. Here they are. Trend weak. No support from the MACD’s as they were either bear or in a bearish transition. 242 more words

Trades Only

( bias abandoned, trade not triggered) week21 AUDJPY D1 line chart shows pivot support , 6 weeks uptrend.


Defining my trend in week to week. The reason is swing trading requires result to be seen within 1-few days. If the trend is too larger, then it does not serve the purpose of winning a trade based on trending situation. 160 more words

$AUDJPY- more left?

Currently we are at 96.52 after a nice 120 pips yesterday. We are looking for a correction then continuation to the Resistance area @ 97.77 with a possible overall target @ 98.55.  20 more words

Trade Setup

$AUDJPY- more left?

Currently we are at 96.39 after breaking the range. We are looking for a continuation to the Fibo area @ 97.08 with an overall target @ 98.55.  20 more words

Trade Setup