Currently we are at 0.7184. We are looking for a continuation to the 1.618 support area @ 0.7103 with an overall target @ 0.7059. The average daily true range (ATR) for the pair currently is 62 pips but pays 50% more than the EURUSD. 8 more words
This parity has been massively sold from 0.8000. I believe that the operators that has shorted should take their profit at 0.7250 (see chart below). Technically, we have a point convergence that should lead to a triangle.
Short AUDJPY. A trade I entered on my journal before entry so that I’d have the eureka before I commited myself. The catalyst for this trade was that the trend was strong on all three charts. 737 more words
In a previous post, I mentioned that there is going to be Euro Weakness as a result of the ECB QE announcement. It is not time to enter the market at present because we have had some rallies in Euro pairs. 918 more words