AUDNZD
Dec. 21, 2016, 10:07
Sell below 1.0494. Stop loss at 1.0520. Take profit at 1.0418.
Reason for the trading strategy (technically):
We remain bearish looking to sell on strength below 1.0494 resistance (horizontal swing high resistance, fibonacci projection) for a push down to 1.0418 (fibonacci retracement, horizontal overlap support).
RSI (34) is seeing major resistance below the 56% level.
AUDJPY
Dec. 21, 2016, 10:06
Sell below 86.09. Stop loss at 86.63. Take profit at 84.61.
Reason for the trading strategy (technically):
We prepare to sell below 86.09 resistance (Fibonacci retracement, Fibonacci projection, horizontal resistance) for a drop to at least 84.61 support (Fibonacci projection, recent swing low support).
Stochastic (34,5,3) is approaching resistance at 94% where we expect a reaction from.
EURJPY
Dec. 21, 2016, 10:05
Sell below 122.85. Stop loss at 123.35. Take profit at 121.26.
Reason for the trading strategy (technically):
Price has reacted off our descending resistance line signalling a further drop is expected below 122.85 resistance (horizontal overlap resistance, Fibonacci retracement, Fibonacci projection) towards 121.26.
RSI (34) has made a pullback to our ascending resistance line and reacted off it signalling the slight bounce in price is over and a further drop is expected.
USDCHF profit target reached again, time to turn bearish
USDCHF
Dec. 21, 2016, 05:01
Sell below 1.0320. Stop loss at 1.0350. Take profit at 1.0200.
Reason for the trading strategy (technically):
Price has rose perfectly to our profit target from yesterday. We now turn bearish below 1.0320 resistance (Fibonacci projection, Fibonacci retracement) and look for a drop to at least 1.0200 (Fibonacci projection, horizontal support) level.
Stochastic (21,5,3) has begun to turn down below 94% showing a reversal is taking place.
USDJPY profit target reached again, prepare to turn bearish
USDJPY
Dec. 21, 2016, 04:59
Sell below 118.56. Stop loss at 119.52. Take profit at 116.14.
Reason for the trading strategy (technically):
Price has rose perfectly towards our profit target once again. We take our profits early and turn bearish now looking for a drop below 118.56 resistance (Fibonacci retracement, Fibonacci projection) to at least 116.14 support (Fibonacci projection, Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is approaching major resistance at 94%.
AUDNZD
Dec. 28, 2016, 03:15
Buy above 1.4050. Stop loss at 1.0374. Take profit at 1.0464.
Reason for the trading strategy (technically):
Price has bounced perfectly above our strong support level at 1.0405 (Fibonacci retracement, horizontal overlap support) and we remain bullish above this level to at least 1.0464 resistance (Fibonacci retracement, horizontal overlaps resistance).
RSI (34) is seeing support from our ascending support line.
EURJPY
Dec. 28, 2016, 03:14
Sell below 122.85. Stop loss at 123.35. Take profit at 121.26.
Reason for the trading strategy (technically):
We are bearish on EURJPY below 122.85 resistance (Fibonacci retracement, horizontal resistance) as we expect a push down towards the 121.26 support level (Fibonacci retracement, Fibonacci projection).
RSI (34) has made a pullback to our resistance line and saw a reaction off it.
USDCHF
Dec. 28, 2016, 03:13
Sell below 1.0278. Stop loss at 1.0296. Take profit at 1.0200.
Reason for the trading strategy (technically):
Price reversed right below our stop loss level. We remain bearish below 1.0278 resistance (Horizontal overlap resistance) for a further push down to 1.0200 resistance (Fibonacci projection, Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is turning down from an area of resistance.
EURUSD
Dec. 28, 2016, 03:05
Buy above 1.0418. Stop loss at 1.0347. Take profit at 1.0510.
Reason for the trading strategy (technically):
We remain bullish above 1.0418 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.0510 once again (Fibonacci retracement, horizontal overlap support).
RSI (34) has made a bullish exit signalling a change in the momentum and is held up by our ascending support line.
AUDJPY
Dec. 28, 2016, 03:03
Buy above 84.07. Stop loss at 83.82. Take profit at 85.25.
Reason for the trading strategy (technically):
Price is rising towards our profit target, we remain bullish above 84.07 support (Fibonacci retracement, horizontal swing low support) for a push up to 85.25 resistance (Fibonacci retracement).
RSI (34) has made a bullish exit signalling a change in momentum.
