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AUDJPY Trade Setup Cont (Dec 24)

Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-24_14-44-52-AJ5

Dear Traders,

I hope you had a chance to add one more Long position with AUDJPY pair.

The price DID bounced up from Fib 50%.  One concern is … it didn’t make Higher High.  So the up trend is over?

2015-12-24_14-41-58-AJ0

2015-12-24_14-40-54-AJ1

The above is Daily Ichimoku chart.   The candles seem to be supported by the Cloud.  Thus I continue to be Bull with this pair.

Let’s just keep adding more Long positions, move the stop to even, and see how it goes.  At least we can enjoy the Swaps.

2015-12-24_14-44-52-AJ5

Here is M15 chart, looking for the entry.

As always, we should expect somewhere between Fib 38.2 and 61.8%.  But this time, I would also like to add Fib 78.6% level because WPP is there.

So let’s see if the price bounces up from 87.30 – 87.50 area.

 

Hope this could be your Christmas gift for yourselves.  :)

 

YJ Baik – Forex.Today @ Tokyo

 

 

 

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