AUD/JPY

just so I learn my lessons
made a couple of TP positions on the bounce and thought (mm there's the lesson)
would like another one

update

one thing I leant from Davits thread is patience
in the mean time I'll play the range to cover the red positions

took range profit on AUD red news
placed pendings on the dotted line

I agree nimtrader, patience is key. This pair will be trading sideways for the next few days barring an kind of crisis.

Shorting this pair has been quite productive lately.

Getting back in short from 81.20 to 81.50 based on a valid signal trading hidden divergence using Renko. All requirements have been met as far as valid fractal points, LWMA'S, TDI levels, Fibo levels, etc.

RENKO BRICK SIZE = 9.2

Very thorough analysis Expo, thank you for sharing.

You're welcome. Soon, I will be starting a new thread explaining all of the little details of this strategy.

The AUD/JPY trade eventually had 2 of the 3 positions filled. Position #1 is booked with 53 pips profit. Position #2 is +70 pips at the moment and I am letting it run into next week. Position #3 never filled and will be cancelled.

Updated look:

looking at your chart it's so obvious
not sure if I want to pile into another method

being stubburn in a mixed signal market
could this be the lesson on no position is a positon??????
every day has a lesson
ps I took the loss on the missing positions (big chunk)

The Australian dollar is trying to develop a recovery pairing with the yen, and National Australia Bank is advised to look for an opportunity to open short positions.

AUDJPY may seem somewhat oversold, and in NAB it allows some recovery of the pair, but it is believed that in the current conditions, its sale is the best trading idea for currencies of G10. Dependence of the Australian economy on the situation in China. Meanwhile, the yen has shown a tendency even before the period of decline in appetite for risk, and the sentiment in the stock markets for the foreseeable future runs the risk of remaining. NAB is recommended to monitor support in the area of 81/80, a breakthrough that will signal a continuation of the downward movement towards the September 2016 low in area 76.

that analysis agrees with the lower LH from monthly
perhaps I really should change my bias and go with the trend

lets see

I can see reasons to do both
and to stay out of both
for the longer term I can see coming in lower for a buy (see historical levels above)
and on an hrly with harmonic I can see how it will get there

todays chart still with downward bias

Anyone think the 81.900 resistance will hold?

I believe currently all pairs are being dragged upwards by the strength of the USD, USD/JPY.

Once the USD stops rallying, the yen pairs will settle lower/off these highs.

so loving riding this range atm
making some pips back from the ride down

I can see multiple divergences on H1. Time to go short?

I posted about this line here a while ago

longer view

where is the bottom?