AUD/JPY:
Date: July 5, 2016
H4 Graph: Short Trend, D1 short trend
Price has broken short term trend line of the correction and now is back to retest it, the break at 76.60. Also price reached FIB 50% and horizontal resistance at level 77,50. Price Action – Pin bar at this level – possible signal for reversal – short by the trend
Bearish divergence of the price and DEM indicator at this point in time.
Alternative scenario: If the price breaks above the FIB 50%, above the trend line and above the 77,250, will cancel the bearish view.
Technical indicator:
DEM (14) – H4 – down to 0,3, but still not in oversold zone
Centiment: Australia left the interest rate unchanged at 1.75%. but this decision was very hard and with talks of lowering it further. The national election did not produce a clear winner and they are in a state of hung parliament. The indices are up to the previous highs and levels of strong resistance, where correction can happen. The JPY can become stronger and continue to go up.
Price for Entry short around: 77,60 – at level of trend line break
SL: 77.250 or 77,55 above the previous high
Jr. Trader – S. Fuchedzhiev

Varchev Absolute Trader
борсова платформа
- Търгувай над 3000 финансови инструмента: Crypto, Форекс, Акции, Индекси, Суровини, ETF-и
- Използвай платформа с директно изпращане ордерите на борсите
- Best Trading Platform - "Online Personal Wealth Awards" EU награждава Varchev Absolute Trader
- Cloud base платформа - твоят трейдинг сетъп на всяко устройство
- Traders Talk - чуй какво движи пазарите в реално време
- Market Sentiment - търгувай с настроенията на инвестиционите банки
- Top movers - най-горещите трейдове във всеки един момент
- Stocks scanner - филтрирай най-подходящите за твоя трейдинг стил пазарни инструменти
- Heat map - Търгувай в посоката на големите играчи
Read more: