Sunday, September 11, 2016

Trade Preparation - USDJPY - September 11

DISCLAIMER: The information presented here is for educational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

Sunday review of where USDJPY is at.

Direction Bias: Long

Key Level: ~102.20 area on a pullback

Comments:

Looking for a decent risk reward setup on pullbacks to previous support and resistance levels.  Looking to go long with stops below support areas from earlier in the week

USDJPY - H1

Thursday, September 8, 2016

Trade Preparation - AUDJPY

DISCLAIMER: The information presented here is for educational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

Thoughts on AUDJPY...

The market did retrace to the key area I noted the other day (see it here).  No action taken on my part as it was the middle of the night here.


Direction Bias:  Somewhat unclear.  Most recent price action shows some consolidation.  Possibly range bound

Key Levels:  77.75 area for support, 78.50 area for resistance

Comments:  Not much room either way on this pair.  At 78.00 it is somewhat mid-range right now.  May need to wait for more clear opportunity.

AUDJPY - H1

Tuesday, September 6, 2016

Trade Preparation - AUDNZD

DISCLAIMER: The information presented here is for educational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

Here's what I'm looking at for AUDNZD.

Direction Bias:  SHORT

Key Level:  1.0345 area

Comments:  AUDNZD has been moving downward.  After consolidating a few days and a false breakout long, the market has broke down below the 1.034 support area.  I'm looking for retracement to the key consolidation area for shorting opportunities.

AUDNZD - H1