AUD firing today. My trade of the day. Hold longer term AUDJPY

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https://www.tradingview.com/x/eoA5i4AQ/

Yes, it is all Aussie dollars lighting up today, Thursday.

I also bought this one not long ago. I will take it longer term I think, especially if this bullish momentum continues from the very oversold lows.

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Hold the forte. We took a bit of a dive due to a bears 10M H'n'S pattern. I think price should turn around for our trade soon. I might also take another long position soon now that we have a pullback. cheers

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support soon at 97.02 to 97.10

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Giao dịch đang hoạt động

Where theres' smoke theres fire. We have Bulls Head n Shoulders on 15M and 30M for starters. Bullish neck is just under price 97. Why the price is starting to ease.
Buy 97.0 to 97.50

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SL: 96.90

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Probably a good thing to wait another 20 minutes for the USA eco data.

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MA_2X (indicator name)
I run a 9ema 50ema cross over on my main chart now. Above is the name of indicator, you can do shaded fills is you wish.
So, it will give you 2 lines and you can set at whatever numbers you want. 9 crossing 50 is very good and a strong crossing, particularly on daily charts you will make money bears or bulls cross every time. On a daily chart you can keep these crossover trades making money for days up to even a week.
The lines will also turn RED when in a bearish downtrend, temporary or longer downward moves.

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chart above current 1hr audjpy. see the white line my200ema and it intersects with the 50ema and it finds support for now,

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This is very bullish for the 50 to cross up the 200.
You can see now that on any timeframe, when the smaller ema, in this case 50 is smaller than 200, every time a smaller ema crosses up on a larger number, you know that is a position of strength on whatever chart you are watching. Same applies for weakness if the smaller ema is crossing DOWN on a large ema number. EMA or Simple moving averages, not much diff. both work.

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3 CHARTS here of AUDJPY.
We want to see price move up now and break 98.0. Breaking 98 I think would constitute a buy LONG into this. Unforturnately, AUD suffered along with the Gold price less than 24 hours ago on CPI figures which Gold pundents and mining pundents (AUD) did not like so much. This chart looks about turning shortly in a big way for AUD.

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The 1hr chart has a downward channel and price could get flushed down into this channel if we do not break 97.50 or thereabouts to take price out of this channel down, which for mind is just a turning curve that price has to make and then 98.0 is broken and we should move up very quickly imho.

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"3EMA Crossover trading strategy" indicator on 4hr.
I'm pretty sure im using 9ema 21ema and 50 or 55ema.
You wlll see the fluro green arrow up. An indication that 9ema is turning bullish and crossing up on the 50s ema's.
If you need to know other indicator names in chart, message me.
Chris.

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Price has answered my call, so far, but we really need to get over 98.0.
In this 10 minute chart and the lower timeframe is where we get cues in the price-action to confirm what we see occurring in the 4hr, daily, weekly, monthly; price has entered into an upward moving channel, following a series of hl and hh.

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Top Left corner of screen, the indicators I use, but that varies.

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Finally for now. 10m chart again. Price needs to stay above the previous low number 4. I dont want price to dip under the red box and price needs to stay above 96.94 if at all possible.

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1 minute chart and I bought in at 97.18 or thereabouts, RSI 1 minute turned upwards breaking through 20 maverage on the RSI. Risky, but a small allocation and small risk to BUY a break above 97.30 or buy at current levels < 98.0. Stop Loss: 96.90. Take Profit 1 around $1.

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This trade long on AUDJPY is bouncing back beautifully now. It's price held up quite well the past 24 hours following USA CPI figures less than 24 hours ago.
Buying this now at these levels is fine or just wait until 98.0 is crossed upwards and then look for a retrace or buy on the clearance above of about 98.05. SL recent swing low on a 5 min. chart or under an order block or basic support level is fine. TP1 is upwards of $1.00 and I will advise here.