Aud/jpy

[zekelogan]

Good call.

Provided this is merely a correction, I would think your idea to be completely viable for re-entry.

Nothing wrong with the market allowing the opportunity again!

[Jason Rogers]

I was afraid earlier today that the daily candle would develop into what it did. Large doji at the top of the uptrend nearing resistance.

[Jason Rogers]

Looking back, yesterday was probably a good trade setup for anyone trading on candlestick patterns, but then again hind sight is 20/20.

Talking out loud here, is this pattern signalling a downturn in equities also. Remember it was around this time the past two years that volatility started to pick up, and equities started to turn down. Maybe the JPY crosses are acting as a leading indicator.

That sort of action could cause AUD/JPY to go down regardless of what the RBA is deciding, and a sell off could be much more severe in the short term. The EUR/JPY gives a better picture of this in my opinion since it has failed to make higher highs in each of the past 3 rallies since May. AUD/JPY has held up better due to the better fundamentals in Australia but even it may succumb.

[zekelogan]

Technically, if the GBPJPY doesn't run back up & break 163 for a new high on the daily charts, I'd say it was rolling over as well.

[DRA]

Yesterdays daily candle didnt say much, I was anticipating an engulfing bearish candle. However I see where a retracement is possible to test the counter broken down trend line, then I will look to BUY on a reversal candle formation at the 61.8. See chart attached.

[Jason Rogers]

Yesterdays daily candle didnt say much, I was anticipating an engulfing bearish candle. However I see where a retracement is possible to test the counter broken down trend line, then I will look to BUY on a reversal candle formation at the 61.8. See chart attached.

If/When the retrace happens on AUD/JPY, I'll probably look to go long again. For now, I liked the GBP/JPY so much I decided to short @ 155.84. Thanks for pointing that one out zekelogan. We will see...

[zekelogan]

If/When the retrace happens on AUD/JPY, I'll probably look to go long again. For now, I liked the GBP/JPY so much I decided to short @ 155.84. Thanks for pointing that one out zekelogan. We will see...

No prob. I'm with ya

[zekelogan]

My short term a$$ got booted

Hope all's well!

[zekelogan]

long AUDJPY

@ market.

stop 76.30

target 80.30

[Jason Rogers]

My short term a$$ got booted

Hope all's well!

lol, same here. It was working well short term, but then stopped out. AUD/JPY looks to be working out well for you.