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AUDJPY Trade Setup (Oct 30)

Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-30_13-51-49-AJ1

I have posted NZDJPY carry trade setups several times.

Let’s try AUDJPY today.

On H4 chart, I see Bullish Divergence on Stochastic.  Thus I think it is safe to continue looking for Buy opportunities.    Stochastic has a lot of rooms left to go up, which is another plus.

2015-10-30_13-51-49-AJ1

 

As usual, let’s take a fibonacci, and look for Long opportunity from Fib38.2-61.8%.  But today I also would like to extend the zone down to 85.75 which is DPP.

Thus today’s buy zone is 85.75 – 85.98

2015-10-30_13-55-32-AJ2

 

Hope this setup helps you build your own.

 

 

YJ Baik – Forex.Today @ Tokyo

One comment on “AUDJPY Trade Setup (Oct 30)”

  1. Profile photo of Artem
        October 30, 2015

    Thank you very much. Like your posts

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