AUDJPY: Pulled back From Top of Major Falling Channel, Broke Below Bottom of Key Rising Channel and Support Zone

  It was still looking to break above the top of the major falling channel but took a sudden turn and became resisted and beginning to fall.   A strong…

Continue ReadingAUDJPY: Pulled back From Top of Major Falling Channel, Broke Below Bottom of Key Rising Channel and Support Zone

Reaching Top of Major Falling Trend Channel, Final 2 Retracements Before Reaching, Long AUDJPY, 19th October 2016

  Technical Analysis: Although the price is about to reach the top of the major falling trend channel, it is still more than 100 pips away thus an opportunity to…

Continue ReadingReaching Top of Major Falling Trend Channel, Final 2 Retracements Before Reaching, Long AUDJPY, 19th October 2016

2 Minor Retracements, Minor Resistance Zone, Expectation to Break Below Range, Short AUDJPY, 14th October 2016

Summary of Technical Analysis, Market Sentiment and Trading Plan, and Modifications: Shorted with full risk after 2nd minor retracement formed and completed within the minor resistance zone at 0.7386, and…

Continue Reading2 Minor Retracements, Minor Resistance Zone, Expectation to Break Below Range, Short AUDJPY, 14th October 2016